Cornerstone Strategic Value Fund
28 hedge funds and large institutions have $7.4M invested in Cornerstone Strategic Value Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 8 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
3.41% less ownership
Funds ownership: 5.55% → 2.14% (-3.4%)
10% less funds holding
Funds holding: 31 → 28 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
57% less capital invested
Capital invested by funds: $17.2M → $7.4M (-$9.77M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$954K |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
+$204K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$197K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$195K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$44.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.34M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$2M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.98M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.55M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.37M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $4K | – | – | – |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $3K | -$6.47K | -412 | -71% |
|
|
PFG
28
Piershale Financial Group
Barrington,
Illinois
| $2K | – | – | – |
|
|
RCM
29
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$3.34M | -231,569 | Closed |
|
|
KIM
30
Karpus Investment Management
Pittsford,
New York
| – | -$1.98M | -137,513 | Closed |
|
|
MIG
31
Mariner Investment Group
Harrison,
New York
| – | -$1.37M | -95,014 | Closed |
|
|
CL
32
CSS LLC
Chicago,
Illinois
| – | -$861K | -59,769 | Closed |
|
|
CCP
33
Clough Capital Partners
Boston,
Massachusetts
| – | -$703K | -48,768 | Closed |
|
34
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$181K | -12,553 | Closed |
|
|
AIG
35
American International Group
New York
| – | -$93K | -6,516 | Closed |
|
CLM Hedge Fund Activity: Q2 2016 in Review
28 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q2 2016, worth a combined $7.4M — down 57% from $17.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of CLM and 5 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 8 added.
The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $954K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $3.34M sold.
- 28 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q2 2016, down from 31 in Q1 2016.
- Funds reported $7.4M of Cornerstone Strategic Value Fund stock for Q2 2016, down 57% quarter-over-quarter.
- 5 funds opened new Cornerstone Strategic Value Fund positions in Q2 2016 and 8 closed out, a net change of -3 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q2 2016 was Ladenburg Thalmann Financial Services, an estimated $954K added.
- The largest Cornerstone Strategic Value Fund seller in Q2 2016 was Rivernorth Capital Management, an estimated $3.34M sold.
Based on aggregated 13F filings for Q2 2016.