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Cornerstone Strategic Value Fund
CLM

46 hedge funds and large institutions have $88.6M invested in Cornerstone Strategic Value Fund in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 8 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 8

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

1.16% less ownership

Funds ownership: 16.52% → 15.36% (-1.2%)

2% less funds holding

Funds holding: 47 → 46 (-1)

33% less capital invested

Capital invested by funds: $133M → $88.6M (-$44.1M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
46
Holders Change
-1
Holders Change %
-2.13%
% of All Funds
1.01%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
8
Increased
22
Reduced
8
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$14M
2
CCP
Clough Capital Partners
Massachusetts
+$1.4M
3
LCM
Landscape Capital Management
New Jersey
+$1.09M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
+$698K
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$578K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$27.3M
2
RCM
Rivernorth Capital Management
Florida
-$938K
3
YCM
Yakira Capital Management
Connecticut
-$791K
4
BRWA
B. Riley Wealth Advisors
Florida
-$726K
5
Bank of America
Bank of America
North Carolina
-$344K
Name Holding Trade Value Shares
Change 		Change in
Stake
CGA
26
Crescent Grove Advisors
Illinois
$116K +$148K +14,559 New
AGM
27
Alpine Global Management
New York
$107K +$137K +13,438 New
IFWM
28
Institute for Wealth Management
Colorado
$101K +$4.33K +426 +3%
SBIA
29
Sheaff Brock Investment Advisors
Indiana
$92K – – –
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$81K -$5.68K -558 -5%
SL
31
Savior LLC
Massachusetts
$66K +$12.7K +1,248 +18%
Northwestern Mutual Wealth Management
32
Northwestern Mutual Wealth Management
Wisconsin
$47K +$2.81K +276 +5%
GWM
33
Geneos Wealth Management
Colorado
$31K +$2.02K +199 +5%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$19K +$5.66K +556 +31%
BBPWM
35
Blue Bell Private Wealth Management
Pennsylvania
$16K +$20.7K +2,032 New
Citigroup
36
Citigroup
New York
$14K +$17.8K +1,748 New
UBS Group
37
UBS Group
Switzerland
$13K -$153K -15,000 -90%
JPLA
38
Joseph P. Lucia & Associates
New York
$11K – – –
SIS
39
Sound Income Strategies
Florida
$11K – – –
BFEC
40
Benjamin F. Edwards & Company
Missouri
$9K – – –
APA
41
American Portfolios Advisors
New York
$6.03K +$3.02K +297 +65%
TFGT
42
TS Financial Group (TSFG)
Illinois
$1K – – –
BRWA
43
B. Riley Wealth Advisors
Florida
– -$726K -65,724 Closed
Bank of America
44
Bank of America
North Carolina
– -$344K -33,773 -100%
BCA
45
Biltmore Capital Advisors
New Jersey
– -$258K -23,368 Closed
DWM
46
Dakota Wealth Management
Florida
– -$202K -18,278 Closed
Millennium Management
47
Millennium Management
New York
– -$152K -13,759 Closed
VRM
48
Vectors Research Management
New York
– -$17K -1,524 Closed
NFG
49
Next Financial Group
Texas
– -$10K -914 Closed
FIA
50
FNY Investment Advisers
New York
– -$6K -549 Closed
1
2
3

CLM Hedge Fund Activity: Q1 2020 in Review

46 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q1 2020, worth a combined $88.6M — down 33% from $133M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new CLM positions and 7 closed out — a net gain of 1 holder — while 22 added to existing stakes and 8 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $14M. The largest seller was Sit Investment Associates, cutting an estimated $27.3M.

  • 46 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q1 2020, down from 47 in Q4 2019.
  • Funds reported $88.6M of Cornerstone Strategic Value Fund stock for Q1 2020, down 33% quarter-over-quarter.
  • 8 funds opened new Cornerstone Strategic Value Fund positions in Q1 2020 and 7 closed out, a net change of +1 holder.
  • The largest Cornerstone Strategic Value Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $14M added.
  • The largest Cornerstone Strategic Value Fund seller in Q1 2020 was Sit Investment Associates, an estimated $27.3M sold.

Based on aggregated 13F filings for Q1 2020.