ClearBridge MLP and Midstream Fund Inc.
CEM
CEM was delisted on the 6th of September, 2024.
51 hedge funds and large institutions have $95.7M invested in ClearBridge MLP and Midstream Fund Inc. in 2024 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 20 reducing their positions, and 33 closing their positions.
33% less funds holding
Funds holding: 76 → 51 (-25)
35% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 20
62% less capital invested
Capital invested by funds: $254M → $95.7M (-$158M)
70% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 33
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TL
Tradewinds LLC
Raleigh,
North Carolina
|
+$2.08M |
| 2 |
IA
IFP Advisors
Tampa,
Florida
|
+$613K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$566K |
| 4 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$372K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$341K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$100M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$10.4M |
| 3 |
AC
Aristides Capital
Louisville,
Kentucky
|
-$8.86M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$4.45M |
| 5 |
AGM
Alpine Global Management
New York
|
-$4.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LNC
76
Lincoln National Corp
Radnor,
Pennsylvania
| – | -$295K | -6,450 | Closed |
|
77
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$269K | -5,877 | Closed |
|
|
CFS
78
Commonwealth Financial Services
Vienna,
West Virginia
| – | -$224K | -5,580 | Closed |
|
|
SCA
79
Snowden Capital Advisors
New York
| – | -$203K | -4,425 | Closed |
|
|
CFB
80
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$186K | -4,060 | Closed |
|
|
RCM
81
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$72.4K | -1,587 | Closed |
|
|
C
82
Covestor
London,
United Kingdom
| – | -$54K | -1,174 | Closed |
|
83
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$11.4K | -250 | Closed |
|
|
CA
84
CoreCap Advisors
Southfield,
Michigan
| – | -$916 | -20 | Closed |
|
|
GRP
85
Global Retirement Partners
San Rafael,
California
| – | -$92 | -2 | Closed |
|
CEM Hedge Fund Activity: Q2 2024 in Review
51 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in ClearBridge MLP and Midstream Fund Inc. (CEM) for Q2 2024, worth a combined $95.7M — down 62% from $254M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of CEM and 10 opened new positions — a net loss of 23 holders — while 20 trimmed existing stakes and 13 added.
The largest buyer was Tradewinds LLC, opening a new position worth an estimated $2.08M. The largest seller was Saba Capital Management, exiting entirely with an estimated $100M sold.
- 51 institutional investors held ClearBridge MLP and Midstream Fund Inc. (CEM) as of Q2 2024, down from 76 in Q1 2024.
- Funds reported $95.7M of ClearBridge MLP and Midstream Fund Inc. stock for Q2 2024, down 62% quarter-over-quarter.
- 10 funds opened new ClearBridge MLP and Midstream Fund Inc. positions in Q2 2024 and 33 closed out, a net change of -23 holders.
- The largest ClearBridge MLP and Midstream Fund Inc. buyer in Q2 2024 was Tradewinds LLC, an estimated $2.08M added.
- The largest ClearBridge MLP and Midstream Fund Inc. seller in Q2 2024 was Saba Capital Management, an estimated $100M sold.
Based on aggregated 13F filings for Q2 2024.