TRI-Continental Corp
72 hedge funds and large institutions have $218M invested in TRI-Continental Corp in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
3% more funds holding
Funds holding: 70 → 72 (+2)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
1.53% less ownership
Funds ownership: 18.62% → 17.09% (-1.5%)
6% less capital invested
Capital invested by funds: $232M → $218M (-$14.1M)
19% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.67M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.42M |
| 3 |
Citigroup
New York
|
+$1.04M |
| 4 |
Morgan Stanley
New York
|
+$703K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$568K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.37M |
| 2 |
RVPG
Relative Value Partners Group
|
-$4.83M |
| 3 |
Lazard Asset Management
New York
|
-$4.82M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.17M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.93M |
TY Hedge Fund Activity: Q2 2016 in Review
72 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q2 2016, worth a combined $218M — down 6.1% from $232M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new TY positions and 7 closed out — a net gain of 3 holders — while 17 added to existing stakes and 21 trimmed.
The largest buyer was Landscape Capital Management, adding an estimated $1.67M. The largest seller was Karpus Investment Management, cutting an estimated $7.37M.
- 72 institutional investors held TRI-Continental Corp (TY) as of Q2 2016, up from 70 in Q1 2016.
- Funds reported $218M of TRI-Continental Corp stock for Q2 2016, down 6.1% quarter-over-quarter.
- 10 funds opened new TRI-Continental Corp positions in Q2 2016 and 7 closed out, a net change of +3 holders.
- The largest TRI-Continental Corp buyer in Q2 2016 was Landscape Capital Management, an estimated $1.67M added.
- The largest TRI-Continental Corp seller in Q2 2016 was Karpus Investment Management, an estimated $7.37M sold.
Based on aggregated 13F filings for Q2 2016.