TRI-Continental Corp
85 hedge funds and large institutions have $219M invested in TRI-Continental Corp in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 28 increasing their positions, 22 reducing their positions, and 9 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 22
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
3% more capital invested
Capital invested by funds: $213M → $219M (+$6.23M)
0.91% more ownership
Funds ownership: 15.68% → 16.59% (+0.91%)
0% more funds holding
Funds holding: 85 → 85 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$2.7M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$2.64M |
| 3 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
+$1.97M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.03M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$878K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.81M |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$4.21M |
| 3 |
Citigroup
New York
|
-$1.62M |
| 4 |
RVPG
Relative Value Partners Group
|
-$1.31M |
| 5 |
PFM
Premier Fund Managers
Guildford,
United Kingdom
|
-$1.1M |
TY Hedge Fund Activity: Q1 2017 in Review
85 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q1 2017, worth a combined $219M — up 2.9% from $213M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new TY positions and 9 closed out — a net gain of 2 holders — while 28 added to existing stakes and 22 trimmed.
The largest buyer was Cornerstone Advisors, adding an estimated $2.7M. The largest seller was Karpus Investment Management, cutting an estimated $4.81M.
- 85 institutional investors held TRI-Continental Corp (TY) as of Q1 2017, unchanged from Q4 2016.
- Funds reported $219M of TRI-Continental Corp stock for Q1 2017, up 2.9% quarter-over-quarter.
- 11 funds opened new TRI-Continental Corp positions in Q1 2017 and 9 closed out, a net change of +2 holders.
- The largest TRI-Continental Corp buyer in Q1 2017 was Cornerstone Advisors, an estimated $2.7M added.
- The largest TRI-Continental Corp seller in Q1 2017 was Karpus Investment Management, an estimated $4.81M sold.
Based on aggregated 13F filings for Q1 2017.