ClearBridge MLP and Midstream Fund Inc.
CEM
CEM was delisted on the 6th of September, 2024.
69 hedge funds and large institutions have $147M invested in ClearBridge MLP and Midstream Fund Inc. in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 15 closing their positions.
2% less capital invested
Capital invested by funds: $150M → $147M (-$2.69M)
8% less funds holding
Funds holding: 75 → 69 (-6)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
30% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 23
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$10.1M |
| 2 |
SCM
Saba Capital Management
New York
|
+$9.45M |
| 3 |
Goldman Sachs
New York
|
+$1.21M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$628K |
| 5 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$428K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$5.52M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.17M |
| 3 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$1.76M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.75M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.58M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Stifel Financial
St. Louis,
Missouri
| – | -$202K | -6,047 | Closed |
|
77
Rockefeller Capital Management
New York
| – | -$160K | -4,800 | Closed |
|
|
NA
78
NewEdge Advisors
New Orleans,
Louisiana
| – | -$38.8K | -1,164 | Closed |
|
|
FWA
79
Freedom Wealth Alliance
Brookfield,
Wisconsin
| – | -$17.2K | -516 | Closed |
|
|
LAM
80
Lakewood Asset Management
Naperville,
Illinois
| – | -$7K | -200 | Closed |
|
|
RCM
81
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$6.34K | -200 | Closed |
|
82
Bessemer Group
Woodbridge,
New Jersey
| – | -$6K | -175 | Closed |
|
|
AWM
83
Accurate Wealth Management
Wesley Chapel,
Florida
| – | -$3.43K | -100 | Closed |
|
84
Fidelity Investments
Boston,
Massachusetts
| – | -$33 | -1 | Closed |
|
|
TRCT
85
Tower Research Capital (TRC)
New York
| – | +$171 | +5 | +500% |
|
CEM Hedge Fund Activity: Q1 2023 in Review
69 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in ClearBridge MLP and Midstream Fund Inc. (CEM) for Q1 2023, worth a combined $147M — down 1.8% from $150M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of CEM and 12 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 16 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $10.1M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $5.52M sold.
- 69 institutional investors held ClearBridge MLP and Midstream Fund Inc. (CEM) as of Q1 2023, down from 75 in Q4 2022.
- Funds reported $147M of ClearBridge MLP and Midstream Fund Inc. stock for Q1 2023, down 1.8% quarter-over-quarter.
- 12 funds opened new ClearBridge MLP and Midstream Fund Inc. positions in Q1 2023 and 15 closed out, a net change of -3 holders.
- The largest ClearBridge MLP and Midstream Fund Inc. buyer in Q1 2023 was Penserra Capital Management, an estimated $10.1M added.
- The largest ClearBridge MLP and Midstream Fund Inc. seller in Q1 2023 was 1832 Asset Management, an estimated $5.52M sold.
Based on aggregated 13F filings for Q1 2023.