Cornerstone Strategic Value Fund
32 hedge funds and large institutions have $67.8M invested in Cornerstone Strategic Value Fund in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 12 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
16% less funds holding
Funds holding: 38 → 32 (-6)
18.55% less ownership
Funds ownership: 28.77% → 10.22% (-19%)
45% less capital invested
Capital invested by funds: $124M → $67.8M (-$56.1M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFG
Ford Financial Group
Fresno,
California
|
+$589K |
| 2 |
Millennium Management
New York
|
+$576K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$533K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$475K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$203K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$27M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$21.6M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$5.94M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$2.55M |
| 5 |
IG
ING Group
Amsterdam,
Netherlands
|
-$1.3M |
CLM Hedge Fund Activity: Q1 2018 in Review
32 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q1 2018, worth a combined $67.8M — down 45% from $124M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of CLM and 6 opened new positions — a net loss of 6 holders — while 8 trimmed existing stakes and 12 added.
The largest buyer was Ford Financial Group, adding an estimated $589K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $27M sold.
- 32 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q1 2018, down from 38 in Q4 2017.
- Funds reported $67.8M of Cornerstone Strategic Value Fund stock for Q1 2018, down 45% quarter-over-quarter.
- 6 funds opened new Cornerstone Strategic Value Fund positions in Q1 2018 and 12 closed out, a net change of -6 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q1 2018 was Ford Financial Group, an estimated $589K added.
- The largest Cornerstone Strategic Value Fund seller in Q1 2018 was Rivernorth Capital Management, an estimated $27M sold.
Based on aggregated 13F filings for Q1 2018.