Cornerstone Strategic Value Fund
36 hedge funds and large institutions have $38.3M invested in Cornerstone Strategic Value Fund in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 10 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
5.85% less ownership
Funds ownership: 10.7% → 4.85% (-5.9%)
16% less funds holding
Funds holding: 43 → 36 (-7)
51% less capital invested
Capital invested by funds: $78.9M → $38.3M (-$40.6M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Centaurus Financial
Anaheim,
California
|
+$930K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$237K |
| 3 |
CWA
Capital Wealth Alliance
Scottsdale,
Arizona
|
+$225K |
| 4 |
VF
Virtu Financial
New York
|
+$174K |
| 5 |
Morgan Stanley
New York
|
+$156K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$36.2M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$4.31M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$3.21M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$2.82M |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$186K |
CLM Hedge Fund Activity: Q3 2020 in Review
36 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q3 2020, worth a combined $38.3M — down 51% from $78.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of CLM and 3 opened new positions — a net loss of 7 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Centaurus Financial, adding an estimated $930K. The largest seller was Sit Investment Associates, cutting an estimated $36.2M.
- 36 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q3 2020, down from 43 in Q2 2020.
- Funds reported $38.3M of Cornerstone Strategic Value Fund stock for Q3 2020, down 51% quarter-over-quarter.
- 3 funds opened new Cornerstone Strategic Value Fund positions in Q3 2020 and 10 closed out, a net change of -7 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q3 2020 was Centaurus Financial, an estimated $930K added.
- The largest Cornerstone Strategic Value Fund seller in Q3 2020 was Sit Investment Associates, an estimated $36.2M sold.
Based on aggregated 13F filings for Q3 2020.