Cornerstone Strategic Value Fund
32 hedge funds and large institutions have $13.2M invested in Cornerstone Strategic Value Fund in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
78% more capital invested
Capital invested by funds: $7.4M → $13.2M (+$5.76M)
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
14% more funds holding
Funds holding: 28 → 32 (+4)
2.01% more ownership
Funds ownership: 2.14% → 4.14% (+2%)
Top Buyers
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$4.81M |
| 2 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$2.71M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
+$939K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$442K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$338K |
Top Sellers
| 1 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$2.06M |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
-$435K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$345K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$94.3K |
| 5 |
Morgan Stanley
New York
|
-$38K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TJHA
26
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $12K | +$665 | +41 | +5% |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $10K | +$10.9K | +671 | New |
|
28
Fifth Third Bancorp
Cincinnati,
Ohio
| $6K | – | – | – |
|
|
NFG
29
Next Financial Group
Houston,
Texas
| $4K | -$8.27K | -510 | -63% |
|
30
Wells Fargo
San Francisco,
California
| $4K | – | – | – |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2K | -$876 | -54 | -32% |
|
|
GI
32
Gradient Investments
Arden Hills,
Minnesota
| $2K | +$2.45K | +151 | New |
|
|
YCM
33
Yakira Capital Management
Westport,
Connecticut
| – | -$2.06M | -127,737 | Closed |
|
|
VKH
34
Virtu KCG Holdings
New York
| – | -$345K | -21,389 | Closed |
|
|
PFG
35
Piershale Financial Group
Barrington,
Illinois
| – | -$2K | -145 | Closed |
|
CLM Hedge Fund Activity: Q3 2016 in Review
32 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q3 2016, worth a combined $13.2M — up 78% from $7.4M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new CLM positions and 3 closed out — a net gain of 6 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was Credit Suisse, opening a new position worth an estimated $4.81M. The largest seller was Yakira Capital Management, exiting entirely with an estimated $2.06M sold.
- 32 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q3 2016, up from 28 in Q2 2016.
- Funds reported $13.2M of Cornerstone Strategic Value Fund stock for Q3 2016, up 78% quarter-over-quarter.
- 9 funds opened new Cornerstone Strategic Value Fund positions in Q3 2016 and 3 closed out, a net change of +6 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q3 2016 was Credit Suisse, an estimated $4.81M added.
- The largest Cornerstone Strategic Value Fund seller in Q3 2016 was Yakira Capital Management, an estimated $2.06M sold.
Based on aggregated 13F filings for Q3 2016.