Liberty All-Star Equity Fund
131 hedge funds and large institutions have $260M invested in Liberty All-Star Equity Fund in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 47 increasing their positions, 40 reducing their positions, and 18 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 40
3.77% less ownership
Funds ownership: 24.61% → 20.84% (-3.8%)
4% less funds holding
Funds holding: 137 → 131 (-6)
11% less capital invested
Capital invested by funds: $293M → $260M (-$32.1M)
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$5.52M |
| 2 |
AA
Advisory Alpha
Holland,
Michigan
|
+$2.26M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$1.86M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.59M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$23.8M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$12.8M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$7.67M |
| 4 |
Lazard Asset Management
New York
|
-$3.06M |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$1.54M |
USA Hedge Fund Activity: Q2 2018 in Review
131 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Liberty All-Star Equity Fund (USA) for Q2 2018, worth a combined $260M — down 11% from $293M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of USA and 14 opened new positions — a net loss of 4 holders — while 40 trimmed existing stakes and 47 added.
The largest buyer was 1607 Capital Partners, adding an estimated $5.52M. The largest seller was Rivernorth Capital Management, cutting an estimated $23.8M.
- 131 institutional investors held Liberty All-Star Equity Fund (USA) as of Q2 2018, down from 137 in Q1 2018.
- Funds reported $260M of Liberty All-Star Equity Fund stock for Q2 2018, down 11% quarter-over-quarter.
- 14 funds opened new Liberty All-Star Equity Fund positions in Q2 2018 and 18 closed out, a net change of -4 holders.
- The largest Liberty All-Star Equity Fund buyer in Q2 2018 was 1607 Capital Partners, an estimated $5.52M added.
- The largest Liberty All-Star Equity Fund seller in Q2 2018 was Rivernorth Capital Management, an estimated $23.8M sold.
Based on aggregated 13F filings for Q2 2018.