Cornerstone Strategic Value Fund
110 hedge funds and large institutions have $261M invested in Cornerstone Strategic Value Fund in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 48 increasing their positions, 24 reducing their positions, and 13 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 24
15% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 13
1% more capital invested
Capital invested by funds: $258M → $261M (+$2.63M)
0% more funds holding
Funds holding: 110 → 110 (0)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
15.27% less ownership
Funds ownership: 30.29% → 15.01% (-15%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$15.6M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.74M |
| 3 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$8.83M |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$5.09M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$39.5M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$7.6M |
| 3 |
SC
Sculptor Capital
New York
|
-$7.29M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.85M |
| 5 |
UFM
Ursa Fund Management
Danville,
California
|
-$1.31M |
CLM Hedge Fund Activity: Q1 2024 in Review
110 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Strategic Value Fund (CLM) for Q1 2024, worth a combined $261M — up 1% from $258M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CLM positions and 13 closed out — a net gain of 2 holders — while 48 added to existing stakes and 24 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $15.6M. The largest seller was Sit Investment Associates, cutting an estimated $39.5M.
- 110 institutional investors held Cornerstone Strategic Value Fund (CLM) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $261M of Cornerstone Strategic Value Fund stock for Q1 2024, up 1% quarter-over-quarter.
- 15 funds opened new Cornerstone Strategic Value Fund positions in Q1 2024 and 13 closed out, a net change of +2 holders.
- The largest Cornerstone Strategic Value Fund buyer in Q1 2024 was Rivernorth Capital Management, an estimated $15.6M added.
- The largest Cornerstone Strategic Value Fund seller in Q1 2024 was Sit Investment Associates, an estimated $39.5M sold.
Based on aggregated 13F filings for Q1 2024.