Cornerstone Strategic Value Fund
24 hedge funds and large institutions have $11.4M invested in Cornerstone Strategic Value Fund in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 5 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
0% more funds holding
Funds holding: 24 → 24 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
1.6% less ownership
Funds ownership: 3.15% → 1.55% (-1.6%)
55% less capital invested
Capital invested by funds: $25.6M → $11.4M (-$14.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$621K |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$403K |
| 3 |
LPL Financial
San Diego,
California
|
+$148K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
+$142K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$94K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$7.62M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.72M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$1.13M |
| 4 |
DMAM
Del Mar Asset Management
New York
|
-$230K |
| 5 |
Fisher Asset Management
Camas,
Washington
|
-$142K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
COLIM
26
City of London Investment Management
London,
United Kingdom
| – | -$91K | -3,556 | Closed |
|
27
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$83K | -3,277 | Closed |
|
|
VKH
28
Virtu KCG Holdings
New York
| – | -$82K | -3,229 | Closed |
|
CLM Hedge Fund Activity: Q2 2014 in Review
24 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q2 2014, worth a combined $11.4M — down 55% from $25.6M a quarter earlier.
Fund positioning in CLM was balanced in Q2 2014: 5 funds opened new positions, 5 closed out, 9 added to existing stakes and 6 trimmed.
The largest buyer was Mariner Investment Group, opening a new position worth an estimated $621K. The largest seller was Sit Investment Associates, cutting an estimated $7.62M.
- 24 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q2 2014, unchanged from Q1 2014.
- Funds reported $11.4M of Cornerstone Strategic Value Fund stock for Q2 2014, down 55% quarter-over-quarter.
- 5 funds opened new Cornerstone Strategic Value Fund positions in Q2 2014 and 5 closed out, a net change of 0 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q2 2014 was Mariner Investment Group, an estimated $621K added.
- The largest Cornerstone Strategic Value Fund seller in Q2 2014 was Sit Investment Associates, an estimated $7.62M sold.
Based on aggregated 13F filings for Q2 2014.