TRI-Continental Corp
96 hedge funds and large institutions have $118M invested in TRI-Continental Corp in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 25 reducing their positions, and 24 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
8% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 25
0.38% more ownership
Funds ownership: 10.2% → 10.59% (+0.38%)
15% less funds holding
Funds holding: 113 → 96 (-17)
24% less capital invested
Capital invested by funds: $155M → $118M (-$36.9M)
58% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$3.69M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.59M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.99M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.46M |
| 5 |
Goldman Sachs
New York
|
+$874K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.57M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.19M |
| 3 |
RVPG
Relative Value Partners Group
|
-$1.49M |
| 4 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$917K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$579K |
TY Hedge Fund Activity: Q1 2020 in Review
96 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in TRI-Continental Corp (TY) for Q1 2020, worth a combined $118M — down 24% from $155M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of TY and 10 opened new positions — a net loss of 14 holders — while 25 trimmed existing stakes and 27 added.
The largest buyer was Shaker Financial Services, adding an estimated $3.69M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $2.57M sold.
- 96 institutional investors held TRI-Continental Corp (TY) as of Q1 2020, down from 113 in Q4 2019.
- Funds reported $118M of TRI-Continental Corp stock for Q1 2020, down 24% quarter-over-quarter.
- 10 funds opened new TRI-Continental Corp positions in Q1 2020 and 24 closed out, a net change of -14 holders.
- The largest TRI-Continental Corp buyer in Q1 2020 was Shaker Financial Services, an estimated $3.69M added.
- The largest TRI-Continental Corp seller in Q1 2020 was Cornerstone Advisors, an estimated $2.57M sold.
Based on aggregated 13F filings for Q1 2020.