ClearBridge MLP and Midstream Fund Inc.
CEM
CEM was delisted on the 6th of September, 2024.
75 hedge funds and large institutions have $150M invested in ClearBridge MLP and Midstream Fund Inc. in 2022 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 9 closing their positions.
78% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 9
13% more capital invested
Capital invested by funds: $132M → $150M (+$17.4M)
4% more funds holding
Funds holding: 72 → 75 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$11.6M |
| 2 |
WP
Woodline Partners
San Francisco,
California
|
+$5.72M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.49M |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$1.03M |
| 5 |
Morgan Stanley
New York
|
+$608K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$8.13M |
| 2 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$3.27M |
| 3 |
QC
Quantedge Capital
Singapore
|
-$1.64M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.18M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.18M |
CEM Hedge Fund Activity: Q4 2022 in Review
75 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in ClearBridge MLP and Midstream Fund Inc. (CEM) for Q4 2022, worth a combined $150M — up 13% from $132M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new CEM positions and 9 closed out — a net gain of 7 holders — while 20 added to existing stakes and 20 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $11.6M. The largest seller was Cornerstone Advisors, cutting an estimated $8.13M.
- 75 institutional investors held ClearBridge MLP and Midstream Fund Inc. (CEM) as of Q4 2022, up from 72 in Q3 2022.
- Funds reported $150M of ClearBridge MLP and Midstream Fund Inc. stock for Q4 2022, up 13% quarter-over-quarter.
- 16 funds opened new ClearBridge MLP and Midstream Fund Inc. positions in Q4 2022 and 9 closed out, a net change of +7 holders.
- The largest ClearBridge MLP and Midstream Fund Inc. buyer in Q4 2022 was Saba Capital Management, an estimated $11.6M added.
- The largest ClearBridge MLP and Midstream Fund Inc. seller in Q4 2022 was Cornerstone Advisors, an estimated $8.13M sold.
Based on aggregated 13F filings for Q4 2022.