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Liberty All-Star Equity Fund
USA

119 hedge funds and large institutions have $348M invested in Liberty All-Star Equity Fund in 2017 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 38 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 38

0% less capital invested

Capital invested by funds: $348M → $348M (-$526K)

2.23% less ownership

Funds ownership: 32.47% → 30.25% (-2.2%)

3% less funds holding

Funds holding: 123 → 119 (-4)

12% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 17

40% less funds holding in top 10

Funds holding in top 10: 5 → 3 (-2)

Holders
119
Holders Change
-4
Holders Change %
-3.25%
% of All Funds
2.97%
Holding in Top 10
3
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-40%
% of All Funds
0.07%
New
15
Increased
47
Reduced
38
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$16.3M
2
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$2.81M
3
EDRIA
Edmonds Duncan Registered Investment Advisors
Kansas
+$2.15M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.42M
5
Cohen & Steers
Cohen & Steers
New York
+$1.01M

Top Sellers

1
KIM
Karpus Investment Management
New York
-$11.3M
2
SFS
Shaker Financial Services
Virginia
-$5.72M
3
MC
Matisse Capital
Oregon
-$4.13M
4
Lazard Asset Management
Lazard Asset Management
New York
-$3.77M
5
Morgan Stanley
Morgan Stanley
New York
-$3.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$48.7M +$16.3M +2,839,107 +55%
Lazard Asset Management
2
Lazard Asset Management
New York
$33.7M -$3.77M -656,299 -10%
KIM
3
Karpus Investment Management
New York
$29.4M -$11.3M -1,965,540 -29%
UBS Group
4
UBS Group
Switzerland
$25.6M +$151K +26,224 +0.6%
1CP
5
1607 Capital Partners
Virginia
$19.7M -$121K -21,000 -0.6%
Wells Fargo
6
Wells Fargo
California
$17M +$219K +38,112 +1%
Morgan Stanley
7
Morgan Stanley
New York
$16.8M -$3.53M -614,440 -18%
AAM
8
Advisors Asset Management
Colorado
$13.3M -$725K -126,094 -5%
CA
9
Cornerstone Advisors
North Carolina
$12.4M +$479K +83,352 +4%
SCM
10
Saba Capital Management
New York
$12.4M -$2.16M -375,625 -15%
RVPG
11
Relative Value Partners Group
$11.7M -$318K -55,354 -3%
VIA
12
Vident Investment Advisory
Georgia
$9.03M +$755K +131,454 +10%
BBPWM
13
Blue Bell Private Wealth Management
Pennsylvania
$8.97M +$564K +98,087 +7%
RJA
14
Raymond James & Associates
Florida
$7.77M -$163K -28,299 -2%
BI
15
Bulldog Investors
New Jersey
$7.56M -$1.85M -322,056 -20%
TJHA
16
Thomas J. Herzfeld Advisors
Florida
$6.4M +$124K +21,545 +2%
1832 Asset Management
17
1832 Asset Management
Ontario, Canada
$5.47M +$121K +21,134 +2%
PPA
18
Parametric Portfolio Associates
Washington
$4.9M +$778K +135,450 +20%
BC
19
Brinker Capital
Pennsylvania
$4.03M +$5.29K +920 +0.1%
GC
20
Guggenheim Capital
Illinois
$3.39M +$452K +78,735 +16%
AA
21
Ancora Advisors
Ohio
$3.37M -$140K -24,290 -4%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$2.98M +$1.42M +247,467 +101%
Bank of Nova Scotia
23
Bank of Nova Scotia
Ontario, Canada
$2.95M +$2.81M +489,339 New
AWA
24
Arete Wealth Advisors
Illinois
$2.63M +$174K +30,261 +7%
MC
25
Matisse Capital
Oregon
$2.37M -$4.13M -718,314 -65%
1
2 3 4 5

USA Hedge Fund Activity: Q3 2017 in Review

119 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Liberty All-Star Equity Fund (USA) for Q3 2017, worth a combined $348M — down 0.15% from $348M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of USA and 15 opened new positions — a net loss of 2 holders — while 38 trimmed existing stakes and 47 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $16.3M. The largest seller was Karpus Investment Management, cutting an estimated $11.3M.

  • 119 institutional investors held Liberty All-Star Equity Fund (USA) as of Q3 2017, down from 123 in Q2 2017.
  • Funds reported $348M of Liberty All-Star Equity Fund stock for Q3 2017, down 0.15% quarter-over-quarter.
  • 15 funds opened new Liberty All-Star Equity Fund positions in Q3 2017 and 17 closed out, a net change of -2 holders.
  • The largest Liberty All-Star Equity Fund buyer in Q3 2017 was Rivernorth Capital Management, an estimated $16.3M added.
  • The largest Liberty All-Star Equity Fund seller in Q3 2017 was Karpus Investment Management, an estimated $11.3M sold.

Based on aggregated 13F filings for Q3 2017.