Cornerstone Strategic Value Fund
89 hedge funds and large institutions have $283M invested in Cornerstone Strategic Value Fund in 2023 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 39 increasing their positions, 18 reducing their positions, and 18 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 18
0% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 18
1% less funds holding
Funds holding: 90 → 89 (-1)
8.2% less ownership
Funds ownership: 38.99% → 30.79% (-8.2%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
17% less capital invested
Capital invested by funds: $341M → $283M (-$57.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIA
Perennial Investment Advisors
Los Angeles,
California
|
+$2.78M |
| 2 |
UFM
Ursa Fund Management
Danville,
California
|
+$1.82M |
| 3 |
CF
Centaurus Financial
Anaheim,
California
|
+$1.19M |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$888K |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$701K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HHGC
Hunting Hill Global Capital
New York
|
-$30.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$24M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$11.5M |
| 4 |
Goldman Sachs
New York
|
-$4.62M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$3.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
MML Investors Services
Springfield,
Massachusetts
| – | -$79K | -10,960 | Closed |
|
102
Mariner
Overland Park,
Kansas
| – | -$74K | -10,237 | Closed |
|
|
GI
103
Gradient Investments
Arden Hills,
Minnesota
| – | -$19.9K | -2,743 | Closed |
|
|
AWM
104
Accurate Wealth Management
Wesley Chapel,
Florida
| – | -$15.9K | -2,032 | Closed |
|
|
MWM
105
MinichMacGregor Wealth Management
Saratoga Springs,
New York
| – | -$14K | -1,935 | Closed |
|
|
IA
106
IFP Advisors
Tampa,
Florida
| – | -$6K | -428 | Closed |
|
CLM Hedge Fund Activity: Q1 2023 in Review
89 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q1 2023, worth a combined $283M — down 17% from $341M a quarter earlier.
Fund positioning in CLM was balanced in Q1 2023: 18 funds opened new positions, 18 closed out, 39 added to existing stakes and 18 trimmed.
The largest buyer was Perennial Investment Advisors, opening a new position worth an estimated $2.78M. The largest seller was Hunting Hill Global Capital, exiting entirely with an estimated $30.1M sold.
- 89 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q1 2023, down from 90 in Q4 2022.
- Funds reported $283M of Cornerstone Strategic Value Fund stock for Q1 2023, down 17% quarter-over-quarter.
- 18 funds opened new Cornerstone Strategic Value Fund positions in Q1 2023 and 18 closed out, a net change of 0 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q1 2023 was Perennial Investment Advisors, an estimated $2.78M added.
- The largest Cornerstone Strategic Value Fund seller in Q1 2023 was Hunting Hill Global Capital, an estimated $30.1M sold.
Based on aggregated 13F filings for Q1 2023.