Cornerstone Strategic Value Fund
48 hedge funds and large institutions have $189M invested in Cornerstone Strategic Value Fund in 2019 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 10 increasing their positions, 16 reducing their positions, and 10 closing their positions.
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
0% more funds holding
Funds holding: 48 → 48 (0)
5% less capital invested
Capital invested by funds: $199M → $189M (-$9.69M)
18.98% less ownership
Funds ownership: 40.59% → 21.62% (-19%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
38% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$439K |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$341K |
| 3 |
Morgan Stanley
New York
|
+$306K |
| 4 |
FFG
Ford Financial Group
Fresno,
California
|
+$245K |
| 5 |
IFWM
Institute for Wealth Management
Denver,
Colorado
|
+$212K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$11.5M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.57M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$5.6M |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$1.57M |
| 5 |
AGM
Alpine Global Management
New York
|
-$1.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$183K | -16,656 | Closed |
|
|
SSG
52
Summit Securities Group
New York
| – | -$150K | -13,602 | Closed |
|
|
SS
53
Simplicity Solutions
Minneapolis,
Minnesota
| – | -$127K | -11,518 | Closed |
|
|
NFG
54
Next Financial Group
Houston,
Texas
| – | -$19K | -1,753 | Closed |
|
|
CA
55
Claro Advisors
Boston,
Massachusetts
| – | -$1K | -70 | Closed |
|
56
Fidelity Investments
Boston,
Massachusetts
| – | -$607 | -51 | -96% |
|
57
Wells Fargo
San Francisco,
California
| – | -$202 | -17 | -35% |
|
CLM Hedge Fund Activity: Q1 2019 in Review
48 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q1 2019, worth a combined $189M — down 4.9% from $199M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new CLM positions and 10 closed out — a net gain of 1 holder — while 10 added to existing stakes and 16 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $439K. The largest seller was Sit Investment Associates, cutting an estimated $11.5M.
- 48 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q1 2019, unchanged from Q4 2018.
- Funds reported $189M of Cornerstone Strategic Value Fund stock for Q1 2019, down 4.9% quarter-over-quarter.
- 11 funds opened new Cornerstone Strategic Value Fund positions in Q1 2019 and 10 closed out, a net change of +1 holder.
- The largest Cornerstone Strategic Value Fund buyer in Q1 2019 was Millennium Management, an estimated $439K added.
- The largest Cornerstone Strategic Value Fund seller in Q1 2019 was Sit Investment Associates, an estimated $11.5M sold.
Based on aggregated 13F filings for Q1 2019.