TRI-Continental Corp
85 hedge funds and large institutions have $196M invested in TRI-Continental Corp in 2017 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 25 reducing their positions, and 12 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 25
0% more funds holding
Funds holding: 85 → 85 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
2.38% less ownership
Funds ownership: 16.59% → 14.2% (-2.4%)
10% less capital invested
Capital invested by funds: $219M → $196M (-$22.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.79M |
| 2 |
DBT
Dubuque Bank & Trust
Dubuque,
Iowa
|
+$2.54M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.17M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$361K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$360K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$12.8M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$9.09M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.82M |
| 4 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$2.2M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.87M |
TY Hedge Fund Activity: Q2 2017 in Review
85 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q2 2017, worth a combined $196M — down 10% from $219M a quarter earlier.
Fund positioning in TY was balanced in Q2 2017: 12 funds opened new positions, 12 closed out, 27 added to existing stakes and 25 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $2.79M. The largest seller was Karpus Investment Management, cutting an estimated $12.8M.
- 85 institutional investors held TRI-Continental Corp (TY) as of Q2 2017, unchanged from Q1 2017.
- Funds reported $196M of TRI-Continental Corp stock for Q2 2017, down 10% quarter-over-quarter.
- 12 funds opened new TRI-Continental Corp positions in Q2 2017 and 12 closed out, a net change of 0 holders.
- The largest TRI-Continental Corp buyer in Q2 2017 was Raymond James Financial Services Advisors, an estimated $2.79M added.
- The largest TRI-Continental Corp seller in Q2 2017 was Karpus Investment Management, an estimated $12.8M sold.
Based on aggregated 13F filings for Q2 2017.