Cornerstone Strategic Value Fund
46 hedge funds and large institutions have $138M invested in Cornerstone Strategic Value Fund in 2019 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3.02% less ownership
Funds ownership: 20.68% → 17.66% (-3%)
12% less funds holding
Funds holding: 52 → 46 (-6)
13% less capital invested
Capital invested by funds: $158M → $138M (-$20.3M)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2.84M |
| 2 |
CF
Centaurus Financial
Anaheim,
California
|
+$761K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$383K |
| 4 |
FFG
Ford Financial Group
Fresno,
California
|
+$337K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$288K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$8.37M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$8.33M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$6.43M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.08M |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$2.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
51
FNY Investment Advisers
New York
| – | -$42K | -3,723 | Closed |
|
52
Wells Fargo
San Francisco,
California
| – | +$23 | +2 | +6% |
|
53
Fidelity Investments
Boston,
Massachusetts
| – | +$34 | +3 | +300% |
|
CLM Hedge Fund Activity: Q3 2019 in Review
46 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q3 2019, worth a combined $138M — down 13% from $158M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of CLM and 3 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 21 added.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $2.84M. The largest seller was Sit Investment Associates, cutting an estimated $8.37M.
- 46 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q3 2019, down from 52 in Q2 2019.
- Funds reported $138M of Cornerstone Strategic Value Fund stock for Q3 2019, down 13% quarter-over-quarter.
- 3 funds opened new Cornerstone Strategic Value Fund positions in Q3 2019 and 9 closed out, a net change of -6 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q3 2019 was Thomas J. Herzfeld Advisors, an estimated $2.84M added.
- The largest Cornerstone Strategic Value Fund seller in Q3 2019 was Sit Investment Associates, an estimated $8.37M sold.
Based on aggregated 13F filings for Q3 2019.