Liberty All-Star Equity Fund
133 hedge funds and large institutions have $340M invested in Liberty All-Star Equity Fund in 2017 Q4 according to their latest regulatory filings, with 32 funds opening new positions, 33 increasing their positions, 35 reducing their positions, and 18 closing their positions.
78% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 18
12% more funds holding
Funds holding: 119 → 133 (+14)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
2% less capital invested
Capital invested by funds: $348M → $340M (-$7.69M)
6% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 35
2.1% less ownership
Funds ownership: 30.25% → 28.14% (-2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$10.4M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$7.32M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.98M |
| 4 |
Morgan Stanley
New York
|
+$1.2M |
| 5 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$11.2M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.4M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$5.32M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.71M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.28M |
USA Hedge Fund Activity: Q4 2017 in Review
133 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Liberty All-Star Equity Fund (USA) for Q4 2017, worth a combined $340M — down 2.2% from $348M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new USA positions and 18 closed out — a net gain of 14 holders — while 33 added to existing stakes and 35 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $10.4M. The largest seller was Cornerstone Advisors, cutting an estimated $11.2M.
- 133 institutional investors held Liberty All-Star Equity Fund (USA) as of Q4 2017, up from 119 in Q3 2017.
- Funds reported $340M of Liberty All-Star Equity Fund stock for Q4 2017, down 2.2% quarter-over-quarter.
- 32 funds opened new Liberty All-Star Equity Fund positions in Q4 2017 and 18 closed out, a net change of +14 holders.
- The largest Liberty All-Star Equity Fund buyer in Q4 2017 was Rivernorth Capital Management, an estimated $10.4M added.
- The largest Liberty All-Star Equity Fund seller in Q4 2017 was Cornerstone Advisors, an estimated $11.2M sold.
Based on aggregated 13F filings for Q4 2017.