Cornerstone Total Return Fund
23 hedge funds and large institutions have $34.4M invested in Cornerstone Total Return Fund in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 11 closing their positions.
21% less funds holding
Funds holding: 29 → 23 (-6)
23.73% less ownership
Funds ownership: 34.11% → 10.38% (-24%)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
46% less capital invested
Capital invested by funds: $64.1M → $34.4M (-$29.7M)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFG
Ford Financial Group
Fresno,
California
|
+$537K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$234K |
| 3 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
+$169K |
| 4 |
SFM
Signet Financial Management
Parsippany,
New Jersey
|
+$145K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$136K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$15.1M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$5.36M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.83M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
-$3.08M |
| 5 |
Walleye Trading
New York
|
-$2.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Millennium Management
New York
| – | -$929K | -61,977 | Closed |
|
|
CCP
27
Clough Capital Partners
Boston,
Massachusetts
| – | -$772K | -51,490 | Closed |
|
|
MIG
28
Mariner Investment Group
Harrison,
New York
| – | -$459K | -30,600 | Closed |
|
|
BC
29
Brinker Capital
Berwyn,
Pennsylvania
| – | -$330K | -22,029 | Closed |
|
|
AGM
30
Alpine Global Management
New York
| – | -$270K | -18,024 | Closed |
|
31
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$164K | -10,931 | Closed |
|
|
SPIA
32
Steward Partners Investment Advisory
New York
| – | -$3K | -255 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$2.66K | -175 | -86% |
|
34
SEI Investments
Oaks,
Pennsylvania
| – | -$1K | -90 | Closed |
|
CRF Hedge Fund Activity: Q1 2018 in Review
23 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Total Return Fund (CRF) for Q1 2018, worth a combined $34.4M — down 46% from $64.1M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of CRF and 5 opened new positions — a net loss of 6 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was Ford Financial Group, adding an estimated $537K. The largest seller was Sit Investment Associates, cutting an estimated $15.1M.
- 23 institutional investors held Cornerstone Total Return Fund (CRF) as of Q1 2018, down from 29 in Q4 2017.
- Funds reported $34.4M of Cornerstone Total Return Fund stock for Q1 2018, down 46% quarter-over-quarter.
- 5 funds opened new Cornerstone Total Return Fund positions in Q1 2018 and 11 closed out, a net change of -6 holders.
- The largest Cornerstone Total Return Fund buyer in Q1 2018 was Ford Financial Group, an estimated $537K added.
- The largest Cornerstone Total Return Fund seller in Q1 2018 was Sit Investment Associates, an estimated $15.1M sold.
Based on aggregated 13F filings for Q1 2018.