Cornerstone Strategic Value Fund
92 hedge funds and large institutions have $254M invested in Cornerstone Strategic Value Fund in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 39 increasing their positions, 22 reducing their positions, and 11 closing their positions.
77% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 22
0% more funds holding
Funds holding: 92 → 92 (0)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
3.79% less ownership
Funds ownership: 30.39% → 26.6% (-3.8%)
16% less capital invested
Capital invested by funds: $302M → $254M (-$48.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
+$15.4M |
| 2 |
Morgan Stanley
New York
|
+$1.53M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$410K |
| 4 |
SPIA
Steward Partners Investment Advisory
New York
|
+$287K |
| 5 |
Mariner
Overland Park,
Kansas
|
+$267K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$47.3M |
| 2 |
CF
Centaurus Financial
Anaheim,
California
|
-$3.51M |
| 3 |
UFM
Ursa Fund Management
Danville,
California
|
-$2.75M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$699K |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$342K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCA
101
Bay Colony Advisors
Concord,
Massachusetts
| – | -$113K | -13,695 | Closed |
|
102
Rockefeller Capital Management
New York
| – | -$58.7K | -7,112 | Closed |
|
103
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$29.8K | -3,608 | Closed |
|
CLM Hedge Fund Activity: Q3 2023 in Review
92 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q3 2023, worth a combined $254M — down 16% from $302M a quarter earlier.
Fund positioning in CLM was balanced in Q3 2023: 11 funds opened new positions, 11 closed out, 39 added to existing stakes and 22 trimmed.
The largest buyer was Osaic Holdings, adding an estimated $15.4M. The largest seller was Sit Investment Associates, cutting an estimated $47.3M.
- 92 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q3 2023, unchanged from Q2 2023.
- Funds reported $254M of Cornerstone Strategic Value Fund stock for Q3 2023, down 16% quarter-over-quarter.
- 11 funds opened new Cornerstone Strategic Value Fund positions in Q3 2023 and 11 closed out, a net change of 0 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q3 2023 was Osaic Holdings, an estimated $15.4M added.
- The largest Cornerstone Strategic Value Fund seller in Q3 2023 was Sit Investment Associates, an estimated $47.3M sold.
Based on aggregated 13F filings for Q3 2023.