ClearBridge MLP and Midstream Fund Inc.
CEM
CEM was delisted on the 6th of September, 2024.
72 hedge funds and large institutions have $175M invested in ClearBridge MLP and Midstream Fund Inc. in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 22 increasing their positions, 17 reducing their positions, and 7 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
29% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 17
4% more funds holding
Funds holding: 69 → 72 (+3)
3% more capital invested
Capital invested by funds: $170M → $175M (+$4.89M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$9.01M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.85M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.21M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.89M |
| 5 |
AGM
Alpine Global Management
New York
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$10.9M |
| 2 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$3.57M |
| 3 |
ClearBridge Investments
New York
|
-$2M |
| 4 |
QC
Quantedge Capital
Singapore
|
-$835K |
| 5 |
TB
Terril Brothers
St. Louis,
Missouri
|
-$595K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LWM
76
Laidlaw Wealth Management
New York City,
New York
| – | -$247K | -7,123 | Closed |
|
77
Stifel Financial
St. Louis,
Missouri
| – | -$208K | -5,997 | Closed |
|
78
Bessemer Group
Woodbridge,
New Jersey
| – | -$12K | -335 | Closed |
|
|
CT
79
Caldwell Trust
Venice,
Florida
| – | -$6.93K | -200 | Closed |
|
|
TRCT
80
Tower Research Capital (TRC)
New York
| – | -$243 | -7 | Closed |
|
CEM Hedge Fund Activity: Q3 2023 in Review
72 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ClearBridge MLP and Midstream Fund Inc. (CEM) for Q3 2023, worth a combined $175M — up 2.9% from $170M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new CEM positions and 7 closed out — a net gain of 4 holders — while 22 added to existing stakes and 17 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $9.01M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $10.9M sold.
- 72 institutional investors held ClearBridge MLP and Midstream Fund Inc. (CEM) as of Q3 2023, up from 69 in Q2 2023.
- Funds reported $175M of ClearBridge MLP and Midstream Fund Inc. stock for Q3 2023, up 2.9% quarter-over-quarter.
- 11 funds opened new ClearBridge MLP and Midstream Fund Inc. positions in Q3 2023 and 7 closed out, a net change of +4 holders.
- The largest ClearBridge MLP and Midstream Fund Inc. buyer in Q3 2023 was Saba Capital Management, an estimated $9.01M added.
- The largest ClearBridge MLP and Midstream Fund Inc. seller in Q3 2023 was Penserra Capital Management, an estimated $10.9M sold.
Based on aggregated 13F filings for Q3 2023.