Cornerstone Strategic Value Fund
30 hedge funds and large institutions have $76.2M invested in Cornerstone Strategic Value Fund in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 6 reducing their positions, and 7 closing their positions.
480% more capital invested
Capital invested by funds: $13.2M → $76.2M (+$63.1M)
133% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 6
19.45% more ownership
Funds ownership: 4.14% → 23.6% (+19%)
6% less funds holding
Funds holding: 32 → 30 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$52.4M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$4.85M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$3.51M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.11M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$525K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$1.12M |
| 2 |
IG
ING Group
Amsterdam,
Netherlands
|
-$844K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$400K |
| 4 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
-$328K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$325K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
26
Next Financial Group
Houston,
Texas
| $5K | – | – | – |
|
|
DSN
27
D. Scott Neal
Lexington,
Kentucky
| $5K | +$4.49K | +305 | New |
|
28
Wells Fargo
San Francisco,
California
| $4K | – | – | – |
|
|
DADC
29
D.A. Davidson & Co
Great Falls,
Montana
| $2K | -$12.7K | -860 | -81% |
|
30
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2K | +$74 | +5 | +4% |
|
|
IG
31
ING Group
Amsterdam,
Netherlands
| – | -$844K | -57,912 | Closed |
|
|
TC
32
TFS Capital
West Chester,
Pennsylvania
| – | -$400K | -27,272 | Closed |
|
|
FPCP
33
Fort Point Capital Partners
San Francisco,
California
| – | -$328K | -22,352 | Closed |
|
|
WS
34
Wedbush Securities
Los Angeles,
California
| – | -$325K | -22,140 | Closed |
|
35
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$183K | -12,459 | Closed |
|
|
TRCT
36
Tower Research Capital (TRC)
New York
| – | -$10K | -671 | Closed |
|
|
GI
37
Gradient Investments
Arden Hills,
Minnesota
| – | -$2K | -151 | Closed |
|
CLM Hedge Fund Activity: Q4 2016 in Review
30 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q4 2016, worth a combined $76.2M — up 480% from $13.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CLM and 5 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 14 added.
The largest buyer was Sit Investment Associates, adding an estimated $52.4M. The largest seller was Nine Masts Capital, cutting an estimated $1.12M.
- 30 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q4 2016, down from 32 in Q3 2016.
- Funds reported $76.2M of Cornerstone Strategic Value Fund stock for Q4 2016, up 480% quarter-over-quarter.
- 5 funds opened new Cornerstone Strategic Value Fund positions in Q4 2016 and 7 closed out, a net change of -2 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q4 2016 was Sit Investment Associates, an estimated $52.4M added.
- The largest Cornerstone Strategic Value Fund seller in Q4 2016 was Nine Masts Capital, an estimated $1.12M sold.
Based on aggregated 13F filings for Q4 2016.