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Cornerstone Strategic Value Fund
CLM

38 hedge funds and large institutions have $124M invested in Cornerstone Strategic Value Fund in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

15% more funds holding

Funds holding: 33 → 38 (+5)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less capital invested

Capital invested by funds: $129M → $124M (-$4.98M)

2.48% less ownership

Funds ownership: 31.25% → 28.77% (-2.5%)

33% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 12

Holders
38
Holders Change
+5
Holders Change %
+15.15%
% of All Funds
0.86%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
11
Increased
8
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$4.32M
2
NMC
Nine Masts Capital
Hong Kong
+$367K
3
LPL Financial
LPL Financial
California
+$221K
4
BC
Brinker Capital
Pennsylvania
+$144K
5
SEI Investments
SEI Investments
Pennsylvania
+$96.6K

Top Sellers

1
IG
ING Group
Netherlands
-$4.86M
2
CS
Credit Suisse
Switzerland
-$3.37M
3
YCM
Yakira Capital Management
Connecticut
-$2.85M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.5M
5
CCP
Clough Capital Partners
Massachusetts
-$1.24M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$14K -$22.3K -1,504 -62%
Citigroup
27
Citigroup
New York
$12K – – –
WWMSC
28
Wagner Wealth Management (South Carolina)
South Carolina
$8K +$7.52K +508 New
CIBC Private Wealth Group
29
CIBC Private Wealth Group
Georgia
$8K +$8.13K +549 New
SPIA
30
Steward Partners Investment Advisory
New York
$7K – – –
Wells Fargo
31
Wells Fargo
California
$5K -$5.13K -346 -55%
FGC
32
Financial Gravity Companies
Texas
$4K +$3.36K +227 New
Walleye Trading
33
Walleye Trading
New York
$3.11K -$248K -16,764 -8%
TRCT
34
Tower Research Capital (TRC)
New York
$2K +$1.51K +102 New
AFNAS
35
American Financial Network Advisory Services
California
$2K +$1.6K +108 New
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$2K +$1.88K +127 New
AIS
37
Accurate Investment Solutions
Pennsylvania
$1K – – –
CS
38
Credit Suisse
Switzerland
– -$3.37M -231,256 Closed
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
– -$1.5M -103,101 Closed
Ameriprise
40
Ameriprise
Minnesota
– -$757K -51,917 Closed
WAM
41
Wolverine Asset Management
Illinois
– -$539K -36,987 Closed
PAG
42
Private Advisor Group
New Jersey
– -$173K -11,640 Closed
DSN
43
D. Scott Neal
Kentucky
– -$4K -305 Closed
1
2

CLM Hedge Fund Activity: Q4 2017 in Review

38 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q4 2017, worth a combined $124M — down 3.9% from $129M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new CLM positions and 6 closed out — a net gain of 5 holders — while 8 added to existing stakes and 12 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $4.32M. The largest seller was ING Group, cutting an estimated $4.86M.

  • 38 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q4 2017, up from 33 in Q3 2017.
  • Funds reported $124M of Cornerstone Strategic Value Fund stock for Q4 2017, down 3.9% quarter-over-quarter.
  • 11 funds opened new Cornerstone Strategic Value Fund positions in Q4 2017 and 6 closed out, a net change of +5 holders.
  • The largest Cornerstone Strategic Value Fund buyer in Q4 2017 was Rivernorth Capital Management, an estimated $4.32M added.
  • The largest Cornerstone Strategic Value Fund seller in Q4 2017 was ING Group, an estimated $4.86M sold.

Based on aggregated 13F filings for Q4 2017.