TRI-Continental Corp
71 hedge funds and large institutions have $229M invested in TRI-Continental Corp in 2015 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
8% more funds holding
Funds holding: 66 → 71 (+5)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.64% less ownership
Funds ownership: 19.51% → 18.87% (-0.64%)
10% less capital invested
Capital invested by funds: $255M → $229M (-$26.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.4M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$1.79M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$968K |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$906K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$762K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$3.52M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.27M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$3.25M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.81M |
| 5 |
Morgan Stanley
New York
|
-$1.31M |
TY Hedge Fund Activity: Q3 2015 in Review
71 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q3 2015, worth a combined $229M — down 10% from $255M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new TY positions and 7 closed out — a net gain of 6 holders — while 20 added to existing stakes and 17 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $3.4M. The largest seller was United Capital Financial Advisors, exiting entirely with an estimated $3.52M sold.
- 71 institutional investors held TRI-Continental Corp (TY) as of Q3 2015, up from 66 in Q2 2015.
- Funds reported $229M of TRI-Continental Corp stock for Q3 2015, down 10% quarter-over-quarter.
- 13 funds opened new TRI-Continental Corp positions in Q3 2015 and 7 closed out, a net change of +6 holders.
- The largest TRI-Continental Corp buyer in Q3 2015 was Karpus Investment Management, an estimated $3.4M added.
- The largest TRI-Continental Corp seller in Q3 2015 was United Capital Financial Advisors, an estimated $3.52M sold.
Based on aggregated 13F filings for Q3 2015.