ClearBridge MLP and Midstream Fund Inc.
CEM
CEM was delisted on the 6th of September, 2024.
78 hedge funds and large institutions have $241M invested in ClearBridge MLP and Midstream Fund Inc. in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 7 closing their positions.
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
38% more capital invested
Capital invested by funds: $175M → $241M (+$66.7M)
8% more funds holding
Funds holding: 72 → 78 (+6)
5% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 22
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$21.6M |
| 2 |
SCM
Saba Capital Management
New York
|
+$18.6M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.43M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$2.58M |
| 5 |
AGM
Alpine Global Management
New York
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WP
Woodline Partners
San Francisco,
California
|
-$6.48M |
| 2 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$4.29M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$3.04M |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
-$2.04M |
| 5 |
Millennium Management
New York
|
-$635K |
CEM Hedge Fund Activity: Q4 2023 in Review
78 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in ClearBridge MLP and Midstream Fund Inc. (CEM) for Q4 2023, worth a combined $241M — up 38% from $175M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CEM positions and 7 closed out — a net gain of 8 holders — while 23 added to existing stakes and 22 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $21.6M. The largest seller was Woodline Partners, cutting an estimated $6.48M.
- 78 institutional investors held ClearBridge MLP and Midstream Fund Inc. (CEM) as of Q4 2023, up from 72 in Q3 2023.
- Funds reported $241M of ClearBridge MLP and Midstream Fund Inc. stock for Q4 2023, up 38% quarter-over-quarter.
- 15 funds opened new ClearBridge MLP and Midstream Fund Inc. positions in Q4 2023 and 7 closed out, a net change of +8 holders.
- The largest ClearBridge MLP and Midstream Fund Inc. buyer in Q4 2023 was Morgan Stanley, an estimated $21.6M added.
- The largest ClearBridge MLP and Midstream Fund Inc. seller in Q4 2023 was Woodline Partners, an estimated $6.48M sold.
Based on aggregated 13F filings for Q4 2023.