Liberty All-Star Equity Fund
97 hedge funds and large institutions have $246M invested in Liberty All-Star Equity Fund in 2015 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 54 increasing their positions, 24 reducing their positions, and 9 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 24
0.3% less ownership
Funds ownership: 27.06% → 26.75% (-0.3%)
1% less funds holding
Funds holding: 98 → 97 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
12% less capital invested
Capital invested by funds: $280M → $246M (-$33.5M)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$7.76M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$2.94M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.34M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.29M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$7.79M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$5.05M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.69M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.7M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.39M |
USA Hedge Fund Activity: Q3 2015 in Review
97 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Liberty All-Star Equity Fund (USA) for Q3 2015, worth a combined $246M — down 12% from $280M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of USA and 8 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 54 added.
The largest buyer was Gramercy Funds Management, adding an estimated $7.76M. The largest seller was Lazard Asset Management, cutting an estimated $7.79M.
- 97 institutional investors held Liberty All-Star Equity Fund (USA) as of Q3 2015, down from 98 in Q2 2015.
- Funds reported $246M of Liberty All-Star Equity Fund stock for Q3 2015, down 12% quarter-over-quarter.
- 8 funds opened new Liberty All-Star Equity Fund positions in Q3 2015 and 9 closed out, a net change of -1 holder.
- The largest Liberty All-Star Equity Fund buyer in Q3 2015 was Gramercy Funds Management, an estimated $7.76M added.
- The largest Liberty All-Star Equity Fund seller in Q3 2015 was Lazard Asset Management, an estimated $7.79M sold.
Based on aggregated 13F filings for Q3 2015.