TRI-Continental Corp
75 hedge funds and large institutions have $222M invested in TRI-Continental Corp in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 13 reducing their positions, and 5 closing their positions.
123% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 13
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
4% more funds holding
Funds holding: 72 → 75 (+3)
2% more capital invested
Capital invested by funds: $218M → $222M (+$4.53M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.19% less ownership
Funds ownership: 17.09% → 16.9% (-0.19%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.16M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.92M |
| 3 |
RVPG
Relative Value Partners Group
|
+$1.09M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.05M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$911K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$4.2M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.38M |
| 3 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$2.25M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.89M |
| 5 |
Morgan Stanley
New York
|
-$1.25M |
TY Hedge Fund Activity: Q3 2016 in Review
75 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q3 2016, worth a combined $222M — up 2.1% from $218M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new TY positions and 5 closed out — a net gain of 4 holders — while 29 added to existing stakes and 13 trimmed.
The largest buyer was Geode Capital Management, opening a new position worth an estimated $2.16M. The largest seller was Lazard Asset Management, cutting an estimated $4.2M.
- 75 institutional investors held TRI-Continental Corp (TY) as of Q3 2016, up from 72 in Q2 2016.
- Funds reported $222M of TRI-Continental Corp stock for Q3 2016, up 2.1% quarter-over-quarter.
- 9 funds opened new TRI-Continental Corp positions in Q3 2016 and 5 closed out, a net change of +4 holders.
- The largest TRI-Continental Corp buyer in Q3 2016 was Geode Capital Management, an estimated $2.16M added.
- The largest TRI-Continental Corp seller in Q3 2016 was Lazard Asset Management, an estimated $4.2M sold.
Based on aggregated 13F filings for Q3 2016.