Cornerstone Strategic Value Fund
48 hedge funds and large institutions have $199M invested in Cornerstone Strategic Value Fund in 2018 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 22 increasing their positions, 8 reducing their positions, and 13 closing their positions.
175% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 8
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
0% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 13
0.65% less ownership
Funds ownership: 41.24% → 40.59% (-0.65%)
4% less funds holding
Funds holding: 50 → 48 (-2)
21% less capital invested
Capital invested by funds: $253M → $199M (-$54.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$10.4M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$6.14M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$5.86M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.78M |
| 5 |
AGM
Alpine Global Management
New York
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$12.4M |
| 2 |
Walleye Trading
New York
|
-$8.13M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
-$3.19M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.41M |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$1.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NMC
51
Nine Masts Capital
Central,
Hong Kong
| – | -$1.81M | -131,267 | Closed |
|
|
RJA
52
Raymond James & Associates
St Petersburg,
Florida
| – | -$1.23M | -89,302 | Closed |
|
|
BC
53
Brinker Capital
Berwyn,
Pennsylvania
| – | -$1.22M | -88,784 | Closed |
|
|
SSA
54
Schonfeld Strategic Advisors
New York
| – | -$705K | -51,172 | Closed |
|
55
Millennium Management
New York
| – | -$508K | -36,846 | Closed |
|
|
IA
56
IFP Advisors
Tampa,
Florida
| – | -$236K | -17,107 | Closed |
|
57
Citadel Advisors
Miami,
Florida
| – | -$218K | -15,850 | Closed |
|
|
WAM
58
Wolverine Asset Management
Chicago,
Illinois
| – | -$180K | -13,132 | Closed |
|
|
SWP
59
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$16K | -1,184 | Closed |
|
|
TRCT
60
Tower Research Capital (TRC)
New York
| – | +$218 | +18 | New |
|
CLM Hedge Fund Activity: Q4 2018 in Review
48 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q4 2018, worth a combined $199M — down 21% from $253M a quarter earlier.
Fund positioning in CLM was balanced in Q4 2018: 13 funds opened new positions, 13 closed out, 22 added to existing stakes and 8 trimmed.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $10.4M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $12.4M sold.
- 48 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q4 2018, down from 50 in Q3 2018.
- Funds reported $199M of Cornerstone Strategic Value Fund stock for Q4 2018, down 21% quarter-over-quarter.
- 13 funds opened new Cornerstone Strategic Value Fund positions in Q4 2018 and 13 closed out, a net change of 0 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q4 2018 was Thomas J. Herzfeld Advisors, an estimated $10.4M added.
- The largest Cornerstone Strategic Value Fund seller in Q4 2018 was Laurion Capital Management, an estimated $12.4M sold.
Based on aggregated 13F filings for Q4 2018.