ClearBridge MLP and Midstream Fund Inc.
CEM
CEM was delisted on the 6th of September, 2024.
89 hedge funds and large institutions have $235M invested in ClearBridge MLP and Midstream Fund Inc. in 2019 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 40 increasing their positions, 21 reducing their positions, and 11 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 21
0.12% less ownership
Funds ownership: 29.5% → 29.38% (-0.12%)
5% less capital inflows, than outflows
Capital inflows: $17.8M | Capital outflows: $18.8M
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
2% less funds holding
Funds holding: 91 → 89 (-2)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.04M |
| 2 |
Wolverine Asset Management
Chicago,
Illinois
|
+$2.88M |
| 3 |
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$2.6M |
| 4 |
Signature Estate & Investment Advisors
Los Angeles,
California
|
+$1.43M |
| 5 |
Morgan Stanley
New York
|
+$833K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Virtu Financial
New York
|
-$14M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$924K |
| 3 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$654K |
| 4 |
Millennium Management
New York
|
-$537K |
| 5 |
Edge Wealth Management
New York
|
-$536K |
CEM Hedge Fund Activity: Q3 2019 in Review
89 of the 4,576 institutional investors tracked by Wall St. Rank reported a position in ClearBridge MLP and Midstream Fund Inc. (CEM) for Q3 2019, worth a combined $235M — down 5.4% from $249M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of CEM and 10 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 40 added.
The largest buyer was Sit Investment Associates, adding an estimated $3.04M. The largest seller was Virtu Financial, cutting an estimated $14M.
- 89 institutional investors held ClearBridge MLP and Midstream Fund Inc. (CEM) as of Q3 2019, down from 91 in Q2 2019.
- Funds reported $235M of ClearBridge MLP and Midstream Fund Inc. stock for Q3 2019, down 5.4% quarter-over-quarter.
- 10 funds opened new ClearBridge MLP and Midstream Fund Inc. positions in Q3 2019 and 11 closed out, a net change of -1 holder.
- The largest ClearBridge MLP and Midstream Fund Inc. buyer in Q3 2019 was Sit Investment Associates, an estimated $3.04M added.
- The largest ClearBridge MLP and Midstream Fund Inc. seller in Q3 2019 was Virtu Financial, an estimated $14M sold.
Based on aggregated 13F filings for Q3 2019.