Cornerstone Strategic Value Fund
20 hedge funds and large institutions have $8.58M invested in Cornerstone Strategic Value Fund in 2014 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 10 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
21% more capital invested
Capital invested by funds: $7.07M → $8.58M (+$1.5M)
4.77% more ownership
Funds ownership: 0.97% → 5.74% (+4.8%)
9% less funds holding
Funds holding: 22 → 20 (-2)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.06M |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$353K |
| 3 |
SG Americas Securities
New York
|
+$334K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$280K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$368K |
| 2 |
LPL Financial
San Diego,
California
|
-$204K |
| 3 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
-$197K |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$186K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
-$167K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
26
Cetera Advisors
Denver,
Colorado
| – | -$96K | -4,182 | Closed |
|
|
NFG
27
Next Financial Group
Houston,
Texas
| – | -$7K | -305 | Closed |
|
|
AIG
28
American International Group
New York
| – | -$2.69K | -117 | Closed |
|
29
Wells Fargo
San Francisco,
California
| – | +$20 | +1 | New |
|
CLM Hedge Fund Activity: Q4 2014 in Review
20 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q4 2014, worth a combined $8.58M — up 21% from $7.07M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of CLM and 9 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 6 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.06M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $368K sold.
- 20 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q4 2014, down from 22 in Q3 2014.
- Funds reported $8.58M of Cornerstone Strategic Value Fund stock for Q4 2014, up 21% quarter-over-quarter.
- 9 funds opened new Cornerstone Strategic Value Fund positions in Q4 2014 and 10 closed out, a net change of -1 holder.
- The largest Cornerstone Strategic Value Fund buyer in Q4 2014 was Rivernorth Capital Management, an estimated $3.06M added.
- The largest Cornerstone Strategic Value Fund seller in Q4 2014 was Weiss Asset Management, an estimated $368K sold.
Based on aggregated 13F filings for Q4 2014.