CORNERSTONE PROGRESSIVE RETURN FD COM
CFP
CFP was delisted on the 26th of June, 2015.
31 hedge funds and large institutions have $47.1M invested in CORNERSTONE PROGRESSIVE RETURN FD COM in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 7 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
7% more funds holding
Funds holding: 29 → 31 (+2)
1.12% more ownership
Funds ownership: 28.05% → 29.17% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less capital invested
Capital invested by funds: $50.5M → $47.1M (-$3.49M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.27M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$2.01M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$1.45M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$479K |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$401K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.85M |
| 2 |
SCM
Saba Capital Management
New York
|
-$1.38M |
| 3 |
JG
Jefferies Group
New York
|
-$804K |
| 4 |
SC
Sculptor Capital
New York
|
-$679K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$400K |
CFP Hedge Fund Activity: Q3 2014 in Review
31 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in CORNERSTONE PROGRESSIVE RETURN FD COM (CFP) for Q3 2014, worth a combined $47.1M — down 6.9% from $50.5M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new CFP positions and 7 closed out — a net gain of 2 holders — while 12 added to existing stakes and 7 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $4.27M. The largest seller was Sit Investment Associates, cutting an estimated $3.85M.
- 31 institutional investors held CORNERSTONE PROGRESSIVE RETURN FD COM (CFP) as of Q3 2014, up from 29 in Q2 2014.
- Funds reported $47.1M of CORNERSTONE PROGRESSIVE RETURN FD COM stock for Q3 2014, down 6.9% quarter-over-quarter.
- 9 funds opened new CORNERSTONE PROGRESSIVE RETURN FD COM positions in Q3 2014 and 7 closed out, a net change of +2 holders.
- The largest CORNERSTONE PROGRESSIVE RETURN FD COM buyer in Q3 2014 was Rivernorth Capital Management, an estimated $4.27M added.
- The largest CORNERSTONE PROGRESSIVE RETURN FD COM seller in Q3 2014 was Sit Investment Associates, an estimated $3.85M sold.
Based on aggregated 13F filings for Q3 2014.