TRI-Continental Corp
85 hedge funds and large institutions have $213M invested in TRI-Continental Corp in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 6 closing their positions.
183% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 6
26% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 19
13% more funds holding
Funds holding: 75 → 85 (+10)
4% less capital invested
Capital invested by funds: $222M → $213M (-$9.6M)
1.23% less ownership
Funds ownership: 16.9% → 15.68% (-1.2%)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$3.97M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$2.41M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.03M |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$1.87M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$16.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.63M |
| 3 |
Lazard Asset Management
New York
|
-$3.93M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.57M |
| 5 |
RVPG
Relative Value Partners Group
|
-$1.09M |
TY Hedge Fund Activity: Q4 2016 in Review
85 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q4 2016, worth a combined $213M — down 4.3% from $222M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new TY positions and 6 closed out — a net gain of 11 holders — while 24 added to existing stakes and 19 trimmed.
The largest buyer was Landscape Capital Management, adding an estimated $3.97M. The largest seller was Gramercy Funds Management, cutting an estimated $16.7M.
- 85 institutional investors held TRI-Continental Corp (TY) as of Q4 2016, up from 75 in Q3 2016.
- Funds reported $213M of TRI-Continental Corp stock for Q4 2016, down 4.3% quarter-over-quarter.
- 17 funds opened new TRI-Continental Corp positions in Q4 2016 and 6 closed out, a net change of +11 holders.
- The largest TRI-Continental Corp buyer in Q4 2016 was Landscape Capital Management, an estimated $3.97M added.
- The largest TRI-Continental Corp seller in Q4 2016 was Gramercy Funds Management, an estimated $16.7M sold.
Based on aggregated 13F filings for Q4 2016.