Cornerstone Strategic Value Fund
31 hedge funds and large institutions have $17.2M invested in Cornerstone Strategic Value Fund in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 4 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
40% more capital invested
Capital invested by funds: $12.3M → $17.2M (+$4.92M)
7% more funds holding
Funds holding: 29 → 31 (+2)
1.76% more ownership
Funds ownership: 3.79% → 5.55% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.15M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.87M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$469K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$374K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$371K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$1.15M |
| 2 |
NPC
National Planning Corporation
El Segundo,
California
|
-$676K |
| 3 |
LPL Financial
San Diego,
California
|
-$118K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$111K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$24.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
UBS Group
Zurich,
Switzerland
| $6K | -$24.9K | -1,827 | -82% |
|
27
Fifth Third Bancorp
Cincinnati,
Ohio
| $6K | – | – | – |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $6K | +$3.46K | +254 | +240% |
|
29
Wells Fargo
San Francisco,
California
| $3K | – | – | – |
|
|
PFG
30
Piershale Financial Group
Barrington,
Illinois
| $2K | – | – | – |
|
|
31
SG Americas Securities
New York
| – | -$1.15M | -74,748 | Closed |
|
|
NPC
32
National Planning Corporation
El Segundo,
California
| – | -$676K | -49,859 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$7.38K | -542 | -99% |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| – | -$2K | -113 | Closed |
|
CLM Hedge Fund Activity: Q1 2016 in Review
31 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q1 2016, worth a combined $17.2M — up 40% from $12.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new CLM positions and 4 closed out — a net gain of 2 holders — while 12 added to existing stakes and 7 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.15M. The largest seller was SG Americas Securities, exiting entirely with an estimated $1.15M sold.
- 31 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q1 2016, up from 29 in Q4 2015.
- Funds reported $17.2M of Cornerstone Strategic Value Fund stock for Q1 2016, up 40% quarter-over-quarter.
- 6 funds opened new Cornerstone Strategic Value Fund positions in Q1 2016 and 4 closed out, a net change of +2 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q1 2016 was Rivernorth Capital Management, an estimated $3.15M added.
- The largest Cornerstone Strategic Value Fund seller in Q1 2016 was SG Americas Securities, an estimated $1.15M sold.
Based on aggregated 13F filings for Q1 2016.