Cornerstone Strategic Value Fund
52 hedge funds and large institutions have $173M invested in Cornerstone Strategic Value Fund in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 13 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
54% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 13
8% more funds holding
Funds holding: 48 → 52 (+4)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.26% less ownership
Funds ownership: 21.94% → 20.68% (-1.3%)
10% less capital invested
Capital invested by funds: $192M → $173M (-$19.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.98M |
| 2 |
MWPCG
Measured Wealth Private Client Group
Portsmouth,
New Hampshire
|
+$897K |
| 3 |
CF
Centaurus Financial
Anaheim,
California
|
+$810K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$803K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$489K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$8.13M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.05M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$1.9M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.73M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$549K |
CLM Hedge Fund Activity: Q2 2019 in Review
52 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q2 2019, worth a combined $173M — down 10% from $192M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new CLM positions and 6 closed out — a net gain of 4 holders — while 20 added to existing stakes and 13 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.98M. The largest seller was Sit Investment Associates, cutting an estimated $8.13M.
- 52 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q2 2019, up from 48 in Q1 2019.
- Funds reported $173M of Cornerstone Strategic Value Fund stock for Q2 2019, down 10% quarter-over-quarter.
- 10 funds opened new Cornerstone Strategic Value Fund positions in Q2 2019 and 6 closed out, a net change of +4 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q2 2019 was Rivernorth Capital Management, an estimated $3.98M added.
- The largest Cornerstone Strategic Value Fund seller in Q2 2019 was Sit Investment Associates, an estimated $8.13M sold.
Based on aggregated 13F filings for Q2 2019.