Cornerstone Strategic Value Fund
28 hedge funds and large institutions have $38.1M invested in Cornerstone Strategic Value Fund in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 2 closing their positions.
1,453% more capital invested
Capital invested by funds: $2.45M → $38.1M (+$35.6M)
650% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 2
87% more funds holding
Funds holding: 15 → 28 (+13)
7.27% more ownership
Funds ownership: 0.47% → 7.74% (+7.3%)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$18.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.71M |
| 3 |
SG Americas Securities
New York
|
+$955K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$465K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
+$341K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$616K |
| 2 |
Creative Planning
Overland Park,
Kansas
|
-$554K |
| 3 |
Citigroup
New York
|
-$19K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$17.3K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$13.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
26
American International Group
New York
| $3.04K | – | – | – |
|
|
27
Citigroup
New York
| – | -$19K | -681 | Closed |
|
|
28
Wells Fargo
San Francisco,
California
| – | -$17.3K | -635 | -100% |
|
29
Ameriprise
Minneapolis,
Minnesota
| – | -$11K | -381 | Closed |
|
30
Bank of America
Charlotte,
North Carolina
| – | -$8.83K | -324 | -95% |
|
CLM Hedge Fund Activity: Q4 2013 in Review
28 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q4 2013, worth a combined $38.1M — up 1,453% from $2.45M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CLM positions and 2 closed out — a net gain of 13 holders — while 5 added to existing stakes and 6 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $18.3M. The largest seller was Weiss Asset Management, cutting an estimated $616K.
- 28 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q4 2013, up from 15 in Q3 2013.
- Funds reported $38.1M of Cornerstone Strategic Value Fund stock for Q4 2013, up 1,453% quarter-over-quarter.
- 15 funds opened new Cornerstone Strategic Value Fund positions in Q4 2013 and 2 closed out, a net change of +13 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q4 2013 was Sit Investment Associates, an estimated $18.3M added.
- The largest Cornerstone Strategic Value Fund seller in Q4 2013 was Weiss Asset Management, an estimated $616K sold.
Based on aggregated 13F filings for Q4 2013.