Tri Continental Closed Fund
Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio again… Read more
Tri Continental Closed Fund (TY) - Net Assets
Latest net assets as of June 2025: $1.90 Billion USD
Based on the latest financial reports, Tri Continental Closed Fund (TY) has net assets worth $1.90 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.90 Billion) and total liabilities ($1.92 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.90 Billion |
| % of Total Assets | 99.9% |
| Annual Growth Rate | -1.46% |
| 5-Year Change | 6.65% |
| 10-Year Change | 33.8% |
| Growth Volatility | 17.67 |
Tri Continental Closed Fund - Net Assets Trend (1996–2024)
This chart illustrates how Tri Continental Closed Fund's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tri Continental Closed Fund (1996–2024)
The table below shows the annual net assets of Tri Continental Closed Fund from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.90 Billion | +8.73% |
| 2023-12-31 | $1.75 Billion | +8.30% |
| 2022-12-31 | $1.61 Billion | -20.98% |
| 2021-12-31 | $2.04 Billion | +14.62% |
| 2020-12-31 | $1.78 Billion | +4.67% |
| 2019-12-31 | $1.70 Billion | +15.95% |
| 2018-12-31 | $1.47 Billion | -12.32% |
| 2017-12-31 | $1.68 Billion | +11.05% |
| 2016-12-31 | $1.51 Billion | +6.15% |
| 2015-12-31 | $1.42 Billion | -8.30% |
| 2014-12-31 | $1.55 Billion | +5.12% |
| 2013-12-31 | $1.47 Billion | +20.75% |
| 2012-12-31 | $1.22 Billion | +9.42% |
| 2011-12-31 | $1.12 Billion | +1.54% |
| 2010-12-31 | $1.10 Billion | +11.69% |
| 2009-12-31 | $983.90 Million | +5.62% |
| 2008-12-31 | $931.54 Million | -61.36% |
| 2007-12-31 | $2.41 Billion | -10.53% |
| 2006-12-31 | $2.69 Billion | +10.90% |
| 2005-12-31 | $2.43 Billion | -3.13% |
| 2004-12-31 | $2.51 Billion | +6.80% |
| 2003-12-31 | $2.35 Billion | +17.67% |
| 2002-12-31 | $2.00 Billion | -31.44% |
| 2001-12-31 | $2.91 Billion | -16.72% |
| 2000-12-31 | $3.50 Billion | -15.72% |
| 1999-12-31 | $4.15 Billion | +2.66% |
| 1998-12-31 | $4.04 Billion | +17.81% |
| 1997-12-31 | $3.43 Billion | +19.38% |
| 1996-12-31 | $2.87 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tri Continental Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 43.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $417.23 Million | 21.94% |
| Common Stock | $26.27 Million | 1.38% |
| Other Components | $1.46 Billion | 76.68% |
| Total Equity | $1.90 Billion | 100.00% |
Tri Continental Closed Fund Competitors by Market Cap
The table below lists competitors of Tri Continental Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TAKEDA PHARMA
MU:TKD
|
$302.02K |
|
Aoyama Trading Co Ltd
PINK:AYAMF
|
$302.41K |
|
AALBERTS IND (AACA.SG)
STU:AACA
|
$302.62K |
|
Österreichische Post AG
STU:O3P
|
$302.93K |
|
BankInvest Optima 55 Akk. KL
CO:BIV55A
|
$301.35K |
|
Portsmouth Square Inc
PINK:PRSI
|
$301.34K |
|
STAND MOTOR PRODUCT
BE:SRU
|
$301.10K |
|
INVESTOR -B- - Dusseldorf Stock Exchang
DU:IVSB
|
$301.08K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tri Continental Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,748,727,818 to 1,901,368,527, a change of 152,640,709 (8.7%).
- Net income of 320,749,617 contributed positively to equity growth.
- Other comprehensive income increased equity by 26,198,471.
- Other factors decreased equity by 194,307,379.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $320.75 Million | +16.87% |
| Other Comprehensive Income | $26.20 Million | +1.38% |
| Other Changes | $-194.31 Million | -10.22% |
| Total Change | $- | 8.73% |
Book Value vs Market Value Analysis
This analysis compares Tri Continental Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.08x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $29.68 | $32.03 | x |
| 1997-12-31 | $32.41 | $32.03 | x |
| 1998-12-31 | $34.44 | $32.03 | x |
| 1999-12-31 | $33.13 | $32.03 | x |
| 2000-12-31 | $26.16 | $32.03 | x |
| 2001-12-31 | $21.97 | $32.03 | x |
| 2002-12-31 | $16.02 | $32.03 | x |
| 2003-12-31 | $19.87 | $32.03 | x |
| 2004-12-31 | $22.20 | $32.03 | x |
| 2005-12-31 | $22.50 | $32.03 | x |
| 2006-12-31 | $25.57 | $32.03 | x |
| 2007-12-31 | $23.40 | $32.03 | x |
| 2008-12-31 | $11.76 | $32.03 | x |
| 2009-12-31 | $14.28 | $32.03 | x |
| 2010-12-31 | $16.52 | $32.03 | x |
| 2011-12-31 | $17.35 | $32.03 | x |
| 2012-12-31 | $19.35 | $32.03 | x |
| 2013-12-31 | $23.72 | $32.03 | x |
| 2014-12-31 | $25.38 | $32.03 | x |
| 2015-12-31 | $24.14 | $32.03 | x |
| 2016-12-31 | $26.28 | $32.03 | x |
| 2017-12-31 | $30.83 | $32.03 | x |
| 2018-12-31 | $27.20 | $32.03 | x |
| 2019-12-31 | $31.73 | $32.03 | x |
| 2020-12-31 | $33.98 | $32.03 | x |
| 2021-12-31 | $37.38 | $32.03 | x |
| 2022-12-31 | $29.76 | $32.03 | x |
| 2023-12-31 | $33.03 | $32.03 | x |
| 2024-12-31 | $36.81 | $32.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tri Continental Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.87%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 99.72%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.00x
- Recent ROE (16.87%) is above the historical average (12.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 47.52% | 1738.85% | 0.03x | 1.00x | $1.08 Billion |
| 1997 | 59.29% | 2600.13% | 0.02x | 1.01x | $1.69 Billion |
| 1998 | 57.60% | 2905.24% | 0.02x | 1.00x | $1.92 Billion |
| 1999 | 24.49% | 1271.46% | 0.02x | 1.00x | $601.15 Million |
| 2000 | -35.24% | -1912.58% | 0.02x | 1.01x | $-1.58 Billion |
| 2001 | -41.29% | -1964.22% | 0.02x | 1.00x | $-1.49 Billion |
| 2002 | -116.33% | -4877.94% | 0.02x | 1.00x | $-2.52 Billion |
| 2003 | 57.86% | 3785.52% | 0.02x | 1.00x | $1.12 Billion |
| 2004 | 30.68% | 1702.65% | 0.02x | 1.01x | $518.76 Million |
| 2005 | 2.72% | 149.55% | 0.02x | 1.01x | $-176.89 Million |
| 2006 | 1.28% | 63.53% | 0.02x | 1.00x | $-234.99 Million |
| 2007 | 3.58% | 82.96% | 0.04x | 1.03x | $-154.89 Million |
| 2008 | 5.77% | 80.28% | 0.07x | 1.08x | $-39.44 Million |
| 2009 | 49.66% | 2201.35% | 0.02x | 1.20x | $390.30 Million |
| 2010 | 40.81% | 1751.95% | 0.02x | 1.08x | $338.61 Million |
| 2011 | 14.58% | 587.36% | 0.02x | 1.09x | $51.12 Million |
| 2012 | 33.90% | 893.95% | 0.04x | 1.00x | $291.81 Million |
| 2013 | 21.14% | 627.52% | 0.03x | 1.00x | $164.13 Million |
| 2014 | 9.30% | 277.52% | 0.03x | 1.01x | $-10.78 Million |
| 2015 | -2.40% | -60.71% | 0.04x | 1.00x | $-176.19 Million |
| 2016 | 12.29% | 99.34% | 0.12x | 1.01x | $34.57 Million |
| 2017 | 16.77% | 99.58% | 0.17x | 1.00x | $113.44 Million |
| 2018 | -5.00% | 0.00% | -0.05x | 1.00x | $-220.34 Million |
| 2019 | 20.05% | 99.66% | 0.20x | 1.00x | $171.09 Million |
| 2020 | 11.10% | 99.48% | 0.11x | 1.00x | $19.68 Million |
| 2021 | 21.32% | 99.78% | 0.21x | 1.00x | $231.35 Million |
| 2022 | -18.10% | 0.00% | -0.18x | 1.00x | $-453.67 Million |
| 2023 | 14.47% | 99.67% | 0.14x | 1.00x | $78.21 Million |
| 2024 | 16.87% | 99.72% | 0.17x | 1.00x | $130.61 Million |
Industry Comparison
This section compares Tri Continental Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tri Continental Closed Fund (TY) | $1.90 Billion | 47.52% | 0.00x | $301.63K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |