Cornerstone Strategic Value Fund
26 hedge funds and large institutions have $28.7M invested in Cornerstone Strategic Value Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 6 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
13% less funds holding
Funds holding: 30 → 26 (-4)
17.33% less ownership
Funds ownership: 23.6% → 6.27% (-17%)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
62% less capital invested
Capital invested by funds: $76.2M → $28.7M (-$47.5M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$204K |
| 2 |
LPL Financial
San Diego,
California
|
+$166K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$154K |
| 4 |
Morgan Stanley
New York
|
+$143K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$135K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$36M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$9.35M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.16M |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$1.35M |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$869K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2K | +$61 | +4 | +3% |
|
|
CS
27
Credit Suisse
Zurich,
Switzerland
| – | -$9.35M | -626,019 | Closed |
|
|
RCM
28
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$3.16M | -211,383 | Closed |
|
|
NMC
29
Nine Masts Capital
Central,
Hong Kong
| – | -$1.35M | -90,417 | Closed |
|
|
BRWA
30
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$298K | -19,909 | Closed |
|
31
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$30K | -2,032 | Closed |
|
|
NFG
32
Next Financial Group
Houston,
Texas
| – | -$5K | -305 | Closed |
|
CLM Hedge Fund Activity: Q1 2017 in Review
26 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q1 2017, worth a combined $28.7M — down 62% from $76.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CLM and 3 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 11 added.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $204K. The largest seller was Sit Investment Associates, cutting an estimated $36M.
- 26 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q1 2017, down from 30 in Q4 2016.
- Funds reported $28.7M of Cornerstone Strategic Value Fund stock for Q1 2017, down 62% quarter-over-quarter.
- 3 funds opened new Cornerstone Strategic Value Fund positions in Q1 2017 and 6 closed out, a net change of -3 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q1 2017 was Raymond James Financial Services Advisors, an estimated $204K added.
- The largest Cornerstone Strategic Value Fund seller in Q1 2017 was Sit Investment Associates, an estimated $36M sold.
Based on aggregated 13F filings for Q1 2017.