Cornerstone Strategic Value Fund
43 hedge funds and large institutions have $78.9M invested in Cornerstone Strategic Value Fund in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 17 reducing their positions, and 8 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
4.66% less ownership
Funds ownership: 15.36% → 10.7% (-4.7%)
7% less funds holding
Funds holding: 46 → 43 (-3)
11% less capital invested
Capital invested by funds: $88.6M → $78.9M (-$9.64M)
35% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 17
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Centaurus Financial
Anaheim,
California
|
+$732K |
| 2 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$175K |
| 3 |
LPL Financial
San Diego,
California
|
+$124K |
| 4 |
IIC
Ironwood Investment Counsel
Scottsdale,
Arizona
|
+$116K |
| 5 |
SWM
SeaCrest Wealth Management
Purchase,
New York
|
+$108K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$21.7M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$2.7M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.87M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.34M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.31M |
CLM Hedge Fund Activity: Q2 2020 in Review
43 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q2 2020, worth a combined $78.9M — down 11% from $88.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of CLM and 5 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 11 added.
The largest buyer was Centaurus Financial, adding an estimated $732K. The largest seller was Karpus Investment Management, cutting an estimated $21.7M.
- 43 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q2 2020, down from 46 in Q1 2020.
- Funds reported $78.9M of Cornerstone Strategic Value Fund stock for Q2 2020, down 11% quarter-over-quarter.
- 5 funds opened new Cornerstone Strategic Value Fund positions in Q2 2020 and 8 closed out, a net change of -3 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q2 2020 was Centaurus Financial, an estimated $732K added.
- The largest Cornerstone Strategic Value Fund seller in Q2 2020 was Karpus Investment Management, an estimated $21.7M sold.
Based on aggregated 13F filings for Q2 2020.