Cornerstone Strategic Value Fund
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$14M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.4M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.09M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$698K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$578K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$27.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$938K |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$791K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$726K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$344K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fidelity Investments
Boston,
Massachusetts
| – | +$10 | +1 | New |
|
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.