Cornerstone Strategic Value Fund
24 hedge funds and large institutions have $25.6M invested in Cornerstone Strategic Value Fund in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 6 closing their positions.
140% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 5
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.59% less ownership
Funds ownership: 7.74% → 3.15% (-4.6%)
14% less funds holding
Funds holding: 28 → 24 (-4)
33% less capital invested
Capital invested by funds: $38.1M → $25.6M (-$12.5M)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fisher Asset Management
Camas,
Washington
|
+$143K |
| 2 |
LPL Financial
San Diego,
California
|
+$115K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
+$87.8K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$83.6K |
| 5 |
Morgan Stanley
New York
|
+$46.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$9.26M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.28M |
| 3 |
SG Americas Securities
New York
|
-$910K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$444K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$145K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Weiss Asset Management
Boston,
Massachusetts
| – | -$131K | -5,055 | Closed |
|
27
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$81K | -3,124 | Closed |
|
|
WA
28
WFG Advisors
Dallas,
Texas
| – | -$7K | -269 | Closed |
|
29
Wells Fargo
San Francisco,
California
| – | -$26 | -1 | Closed |
|
CLM Hedge Fund Activity: Q1 2014 in Review
24 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q1 2014, worth a combined $25.6M — down 33% from $38.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CLM and 2 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 12 added.
The largest buyer was Fisher Asset Management, opening a new position worth an estimated $143K. The largest seller was Sit Investment Associates, cutting an estimated $9.26M.
- 24 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q1 2014, down from 28 in Q4 2013.
- Funds reported $25.6M of Cornerstone Strategic Value Fund stock for Q1 2014, down 33% quarter-over-quarter.
- 2 funds opened new Cornerstone Strategic Value Fund positions in Q1 2014 and 6 closed out, a net change of -4 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q1 2014 was Fisher Asset Management, an estimated $143K added.
- The largest Cornerstone Strategic Value Fund seller in Q1 2014 was Sit Investment Associates, an estimated $9.26M sold.
Based on aggregated 13F filings for Q1 2014.