CORNERSTONE PROGRESSIVE RETURN FD COM
CFP
CFP was delisted on the 26th of June, 2015.
28 hedge funds and large institutions have $53M invested in CORNERSTONE PROGRESSIVE RETURN FD COM in 2014 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 4 reducing their positions, and 11 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 4
13% more capital invested
Capital invested by funds: $47.1M → $53M (+$5.98M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 31 → 28 (-3)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.83M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.2M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$994K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$930K |
| 5 |
SG Americas Securities
New York
|
+$556K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.87M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.4M |
| 3 |
LPL Financial
San Diego,
California
|
-$577K |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$419K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$191K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWA
26
B. Riley Wealth Advisors
Boca Raton,
Florida
| $1.76K | +$165K | +10,750 | +105% |
|
|
27
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$1.87M | -113,995 | Closed |
|
|
28
LPL Financial
San Diego,
California
| – | -$577K | -35,660 | Closed |
|
|
VKH
29
Virtu KCG Holdings
New York
| – | -$152K | -9,224 | Closed |
|
|
CA
30
Cetera Advisors
Denver,
Colorado
| – | -$97K | -5,851 | Closed |
|
|
ICOA
31
Investment Centers of America
Bismarck,
North Dakota
| – | -$93K | -5,625 | Closed |
|
32
Nomura Holdings
Tokyo,
Japan
| – | -$90K | -5,503 | Closed |
|
33
Jane Street
New York
| – | -$67K | -4,060 | Closed |
|
|
CAM
34
Congress Asset Management
Boston,
Massachusetts
| – | -$62K | -3,793 | Closed |
|
35
Citadel Advisors
Miami,
Florida
| – | -$48K | -2,896 | Closed |
|
|
PAG
36
Private Advisor Group
Morristown,
New Jersey
| – | -$47K | -2,844 | Closed |
|
37
Citigroup
New York
| – | -$7K | -411 | Closed |
|
38
Wells Fargo
San Francisco,
California
| – | +$15 | +1 | New |
|
39
UBS Group
Zurich,
Switzerland
| – | +$246 | +16 | New |
|
CFP Hedge Fund Activity: Q4 2014 in Review
28 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in CORNERSTONE PROGRESSIVE RETURN FD COM (CFP) for Q4 2014, worth a combined $53M — up 13% from $47.1M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of CFP and 9 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 14 added.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $9.83M. The largest seller was Cambridge Investment Research Advisors, exiting entirely with an estimated $1.87M sold.
- 28 institutional investors held CORNERSTONE PROGRESSIVE RETURN FD COM (CFP) as of Q4 2014, down from 31 in Q3 2014.
- Funds reported $53M of CORNERSTONE PROGRESSIVE RETURN FD COM stock for Q4 2014, up 13% quarter-over-quarter.
- 9 funds opened new CORNERSTONE PROGRESSIVE RETURN FD COM positions in Q4 2014 and 11 closed out, a net change of -2 holders.
- The largest CORNERSTONE PROGRESSIVE RETURN FD COM buyer in Q4 2014 was Karpus Investment Management, an estimated $9.83M added.
- The largest CORNERSTONE PROGRESSIVE RETURN FD COM seller in Q4 2014 was Cambridge Investment Research Advisors, an estimated $1.87M sold.
Based on aggregated 13F filings for Q4 2014.