Cornerstone Strategic Value Fund
50 hedge funds and large institutions have $253M invested in Cornerstone Strategic Value Fund in 2018 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 16 increasing their positions, 6 reducing their positions, and 4 closing their positions.
507% more capital invested
Capital invested by funds: $41.7M → $253M (+$212M)
475% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 4
167% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 6
61% more funds holding
Funds holding: 31 → 50 (+19)
34.49% more ownership
Funds ownership: 6.75% → 41.24% (+34%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$109M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$25.5M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$21.6M |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$21.6M |
| 5 |
LCM
Laurion Capital Management
New York
|
+$12.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$3.18M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.05M |
| 3 |
CF
Centaurus Financial
Anaheim,
California
|
-$641K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$252K |
| 5 |
SEI Investments
Oaks,
Pennsylvania
|
-$104K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
SEI Investments
Oaks,
Pennsylvania
| – | -$104K | -7,512 | Closed |
|
|
AIS
52
Accurate Investment Solutions
Seven Fields,
Pennsylvania
| – | -$1K | -102 | Closed |
|
53
Fidelity Investments
Boston,
Massachusetts
| – | +$14 | +1 | New |
|
|
GP
54
Girard Partners
King Of Prussia,
Pennsylvania
| – | +$56 | +4 | New |
|
CLM Hedge Fund Activity: Q3 2018 in Review
50 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q3 2018, worth a combined $253M — up 507% from $41.7M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CLM positions and 4 closed out — a net gain of 19 holders — while 16 added to existing stakes and 6 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $109M. The largest seller was Nine Masts Capital, cutting an estimated $3.18M.
- 50 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q3 2018, up from 31 in Q2 2018.
- Funds reported $253M of Cornerstone Strategic Value Fund stock for Q3 2018, up 507% quarter-over-quarter.
- 23 funds opened new Cornerstone Strategic Value Fund positions in Q3 2018 and 4 closed out, a net change of +19 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q3 2018 was Sit Investment Associates, an estimated $109M added.
- The largest Cornerstone Strategic Value Fund seller in Q3 2018 was Nine Masts Capital, an estimated $3.18M sold.
Based on aggregated 13F filings for Q3 2018.