Liberty All-Star Equity Fund
75 hedge funds and large institutions have $232M invested in Liberty All-Star Equity Fund in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 33 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
9% more funds holding
Funds holding: 69 → 75 (+6)
3.98% less ownership
Funds ownership: 26.88% → 22.9% (-4%)
11% less capital invested
Capital invested by funds: $261M → $232M (-$28.2M)
36% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 33
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$8.56M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.75M |
| 3 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$2.22M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.81M |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$10.4M |
| 2 |
Lazard Asset Management
New York
|
-$10.2M |
| 3 |
LMGAM
Liberty Mutual Group Asset Management
Boston,
Massachusetts
|
-$6.66M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.6M |
| 5 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$4.94M |
USA Hedge Fund Activity: Q3 2013 in Review
75 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Liberty All-Star Equity Fund (USA) for Q3 2013, worth a combined $232M — down 11% from $261M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new USA positions and 7 closed out — a net gain of 6 holders — while 21 added to existing stakes and 33 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $8.56M. The largest seller was Bulldog Investors, cutting an estimated $10.4M.
- 75 institutional investors held Liberty All-Star Equity Fund (USA) as of Q3 2013, up from 69 in Q2 2013.
- Funds reported $232M of Liberty All-Star Equity Fund stock for Q3 2013, down 11% quarter-over-quarter.
- 13 funds opened new Liberty All-Star Equity Fund positions in Q3 2013 and 7 closed out, a net change of +6 holders.
- The largest Liberty All-Star Equity Fund buyer in Q3 2013 was Sit Investment Associates, an estimated $8.56M added.
- The largest Liberty All-Star Equity Fund seller in Q3 2013 was Bulldog Investors, an estimated $10.4M sold.
Based on aggregated 13F filings for Q3 2013.