TRI-Continental Corp
94 hedge funds and large institutions have $185M invested in TRI-Continental Corp in 2017 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 27 increasing their positions, 25 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
11% more funds holding
Funds holding: 85 → 94 (+9)
8% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 25
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
1.42% less ownership
Funds ownership: 14.2% → 12.78% (-1.4%)
6% less capital invested
Capital invested by funds: $196M → $185M (-$11M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.86M |
| 2 |
DBT
Dubuque Bank & Trust
Dubuque,
Iowa
|
+$1.53M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$1.47M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.46M |
| 5 |
Cohen & Steers
New York
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$17M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.53M |
| 3 |
RVPG
Relative Value Partners Group
|
-$1.93M |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.81M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.58M |
TY Hedge Fund Activity: Q3 2017 in Review
94 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q3 2017, worth a combined $185M — down 5.6% from $196M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new TY positions and 5 closed out — a net gain of 9 holders — while 27 added to existing stakes and 25 trimmed.
The largest buyer was Cornerstone Advisors, adding an estimated $1.86M. The largest seller was Karpus Investment Management, cutting an estimated $17M.
- 94 institutional investors held TRI-Continental Corp (TY) as of Q3 2017, up from 85 in Q2 2017.
- Funds reported $185M of TRI-Continental Corp stock for Q3 2017, down 5.6% quarter-over-quarter.
- 14 funds opened new TRI-Continental Corp positions in Q3 2017 and 5 closed out, a net change of +9 holders.
- The largest TRI-Continental Corp buyer in Q3 2017 was Cornerstone Advisors, an estimated $1.86M added.
- The largest TRI-Continental Corp seller in Q3 2017 was Karpus Investment Management, an estimated $17M sold.
Based on aggregated 13F filings for Q3 2017.