Cornerstone Total Return Fund
36 hedge funds and large institutions have $108M invested in Cornerstone Total Return Fund in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 5 reducing their positions, and 13 closing their positions.
160% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 5
1.03% less ownership
Funds ownership: 44.8% → 43.77% (-1%)
8% less funds holding
Funds holding: 39 → 36 (-3)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
22% less capital invested
Capital invested by funds: $138M → $108M (-$30.1M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$6.54M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$5.44M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$3.03M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.52M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$879K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Walleye Trading
New York
|
-$5.03M |
| 2 |
IG
ING Group
Amsterdam,
Netherlands
|
-$4.82M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$4.58M |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$2.85M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.86M |
CRF Hedge Fund Activity: Q4 2018 in Review
36 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Total Return Fund (CRF) for Q4 2018, worth a combined $108M — down 22% from $138M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of CRF and 11 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 13 added.
The largest buyer was Clough Capital Partners, adding an estimated $6.54M. The largest seller was Walleye Trading, exiting entirely with an estimated $5.03M sold.
- 36 institutional investors held Cornerstone Total Return Fund (CRF) as of Q4 2018, down from 39 in Q3 2018.
- Funds reported $108M of Cornerstone Total Return Fund stock for Q4 2018, down 22% quarter-over-quarter.
- 11 funds opened new Cornerstone Total Return Fund positions in Q4 2018 and 13 closed out, a net change of -2 holders.
- The largest Cornerstone Total Return Fund buyer in Q4 2018 was Clough Capital Partners, an estimated $6.54M added.
- The largest Cornerstone Total Return Fund seller in Q4 2018 was Walleye Trading, an estimated $5.03M sold.
Based on aggregated 13F filings for Q4 2018.