ClearBridge MLP and Midstream Fund Inc.
CEM
CEM was delisted on the 6th of September, 2024.
90 hedge funds and large institutions have $309M invested in ClearBridge MLP and Midstream Fund Inc. in 2017 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 27 increasing their positions, 28 reducing their positions, and 10 closing their positions.
204% more capital inflows, than outflows
Capital inflows: $54M | Capital outflows: $17.8M
140% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 10
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
18% more funds holding
Funds holding: 76 → 90 (+14)
3.79% more ownership
Funds ownership: 25.04% → 28.83% (+3.8%)
4% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
McGowan Group Asset Management
Dallas,
Texas
|
+$27.5M |
| 2 |
Terril Brothers
St. Louis,
Missouri
|
+$4.1M |
| 3 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.18M |
| 4 |
Edge Wealth Management
New York
|
+$1.94M |
| 5 |
Morgan Stanley
New York
|
+$1.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$8.88M |
| 2 |
Fiduciary Trust
Boston,
Massachusetts
|
-$2.63M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$2.14M |
| 4 |
Private Advisor Group
Morristown,
New Jersey
|
-$533K |
| 5 |
Horizon Kinetics
New York
|
-$448K |
CEM Hedge Fund Activity: Q4 2017 in Review
90 of the 4,420 institutional investors tracked by Wall St. Rank reported a position in ClearBridge MLP and Midstream Fund Inc. (CEM) for Q4 2017, worth a combined $309M — up 19% from $260M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new CEM positions and 10 closed out — a net gain of 14 holders — while 27 added to existing stakes and 28 trimmed.
The largest buyer was McGowan Group Asset Management, opening a new position worth an estimated $27.5M. The largest seller was Bank of America, cutting an estimated $8.88M.
- 90 institutional investors held ClearBridge MLP and Midstream Fund Inc. (CEM) as of Q4 2017, up from 76 in Q3 2017.
- Funds reported $309M of ClearBridge MLP and Midstream Fund Inc. stock for Q4 2017, up 19% quarter-over-quarter.
- 24 funds opened new ClearBridge MLP and Midstream Fund Inc. positions in Q4 2017 and 10 closed out, a net change of +14 holders.
- The largest ClearBridge MLP and Midstream Fund Inc. buyer in Q4 2017 was McGowan Group Asset Management, an estimated $27.5M added.
- The largest ClearBridge MLP and Midstream Fund Inc. seller in Q4 2017 was Bank of America, an estimated $8.88M sold.
Based on aggregated 13F filings for Q4 2017.