TRI-Continental Corp
97 hedge funds and large institutions have $146M invested in TRI-Continental Corp in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 42 increasing their positions, 18 reducing their positions, and 24 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 18
0.98% less ownership
Funds ownership: 12.32% → 11.33% (-0.98%)
8% less funds holding
Funds holding: 106 → 97 (-9)
22% less capital invested
Capital invested by funds: $187M → $146M (-$40.7M)
25% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 24
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.25M |
| 2 |
DBT
Dubuque Bank & Trust
Dubuque,
Iowa
|
+$1.16M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$922K |
| 4 |
Morgan Stanley
New York
|
+$852K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$687K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$7.35M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$6.98M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$2.38M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.58M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.16M |
TY Hedge Fund Activity: Q4 2018 in Review
97 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q4 2018, worth a combined $146M — down 22% from $187M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of TY and 18 opened new positions — a net loss of 6 holders — while 18 trimmed existing stakes and 42 added.
The largest buyer was Wells Fargo, adding an estimated $1.25M. The largest seller was Cornerstone Advisors, cutting an estimated $7.35M.
- 97 institutional investors held TRI-Continental Corp (TY) as of Q4 2018, down from 106 in Q3 2018.
- Funds reported $146M of TRI-Continental Corp stock for Q4 2018, down 22% quarter-over-quarter.
- 18 funds opened new TRI-Continental Corp positions in Q4 2018 and 24 closed out, a net change of -6 holders.
- The largest TRI-Continental Corp buyer in Q4 2018 was Wells Fargo, an estimated $1.25M added.
- The largest TRI-Continental Corp seller in Q4 2018 was Cornerstone Advisors, an estimated $7.35M sold.
Based on aggregated 13F filings for Q4 2018.