Kayne Anderson reported a further reduction in holdings of Dynagas LNG Partners, according to a regulatory filing.

The Los Angeles-based investment firm reported owning 1.7 million shares in the George Procopiou-controlled LNG shipping company. The stake was equal to just under 5% of the company.

Kayne Anderson, which has some $26bn under management, had a peak 2015 holding of some 4.1