Cornerstone Total Return Fund
36 hedge funds and large institutions have $82.8M invested in Cornerstone Total Return Fund in 2019 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 6 reducing their positions, and 5 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 6
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
6% more funds holding
Funds holding: 34 → 36 (+2)
0.81% less ownership
Funds ownership: 21.86% → 21.05% (-0.81%)
16% less capital invested
Capital invested by funds: $99M → $82.8M (-$16.2M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.16M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$989K |
| 3 |
MWPCG
Measured Wealth Private Client Group
Portsmouth,
New Hampshire
|
+$458K |
| 4 |
Millennium Management
New York
|
+$319K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$311K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.7M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.65M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.44M |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$312K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$76.9K |
CRF Hedge Fund Activity: Q2 2019 in Review
36 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Total Return Fund (CRF) for Q2 2019, worth a combined $82.8M — down 16% from $99M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new CRF positions and 5 closed out — a net gain of 2 holders — while 18 added to existing stakes and 6 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.16M. The largest seller was Karpus Investment Management, cutting an estimated $4.7M.
- 36 institutional investors held Cornerstone Total Return Fund (CRF) as of Q2 2019, up from 34 in Q1 2019.
- Funds reported $82.8M of Cornerstone Total Return Fund stock for Q2 2019, down 16% quarter-over-quarter.
- 7 funds opened new Cornerstone Total Return Fund positions in Q2 2019 and 5 closed out, a net change of +2 holders.
- The largest Cornerstone Total Return Fund buyer in Q2 2019 was Rivernorth Capital Management, an estimated $3.16M added.
- The largest Cornerstone Total Return Fund seller in Q2 2019 was Karpus Investment Management, an estimated $4.7M sold.
Based on aggregated 13F filings for Q2 2019.