CORNERSTONE PROGRESSIVE RETURN FD COM
CFP
CFP was delisted on the 26th of June, 2015.
21 hedge funds and large institutions have $39.1M invested in CORNERSTONE PROGRESSIVE RETURN FD COM in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 13 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
25% less funds holding
Funds holding: 28 → 21 (-7)
26% less capital invested
Capital invested by funds: $53M → $39.1M (-$14M)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WS
Wedbush Securities
Los Angeles,
California
|
+$812K |
| 2 |
JP Morgan Chase
New York
|
+$571K |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$275K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$160K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$155K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$9.72M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.37M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$994K |
| 4 |
SG Americas Securities
New York
|
-$550K |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$403K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAS
26
CTC Alternative Strategies
Chicago,
Illinois
| – | -$323K | -21,205 | Closed |
|
|
WAM
27
Wolverine Asset Management
Chicago,
Illinois
| – | -$312K | -20,548 | Closed |
|
28
Goldman Sachs
New York
| – | -$178K | -11,725 | Closed |
|
|
CFA
29
Camarda Financial Advisors
Fleming Island,
Florida
| – | -$104K | -6,857 | Closed |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$78K | -5,150 | Closed |
|
31
Morgan Stanley
New York
| – | -$32K | -2,075 | Closed |
|
|
TFA
32
Transamerica Financial Advisors
St. Petersburg,
Florida
| – | -$11K | -693 | Closed |
|
33
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$4K | -250 | Closed |
|
CFP Hedge Fund Activity: Q1 2015 in Review
21 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in CORNERSTONE PROGRESSIVE RETURN FD COM (CFP) for Q1 2015, worth a combined $39.1M — down 26% from $53M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of CFP and 6 opened new positions — a net loss of 7 holders — while 7 trimmed existing stakes and 5 added.
The largest buyer was Wedbush Securities, opening a new position worth an estimated $812K. The largest seller was Karpus Investment Management, exiting entirely with an estimated $9.72M sold.
- 21 institutional investors held CORNERSTONE PROGRESSIVE RETURN FD COM (CFP) as of Q1 2015, down from 28 in Q4 2014.
- Funds reported $39.1M of CORNERSTONE PROGRESSIVE RETURN FD COM stock for Q1 2015, down 26% quarter-over-quarter.
- 6 funds opened new CORNERSTONE PROGRESSIVE RETURN FD COM positions in Q1 2015 and 13 closed out, a net change of -7 holders.
- The largest CORNERSTONE PROGRESSIVE RETURN FD COM buyer in Q1 2015 was Wedbush Securities, an estimated $812K added.
- The largest CORNERSTONE PROGRESSIVE RETURN FD COM seller in Q1 2015 was Karpus Investment Management, an estimated $9.72M sold.
Based on aggregated 13F filings for Q1 2015.