Cornerstone Total Return Fund
32 hedge funds and large institutions have $66.7M invested in Cornerstone Total Return Fund in 2019 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 7 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
4.75% less ownership
Funds ownership: 21.05% → 16.29% (-4.8%)
11% less funds holding
Funds holding: 36 → 32 (-4)
19% less capital invested
Capital invested by funds: $82.8M → $66.7M (-$16.1M)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.46M |
| 2 |
FFG
Ford Financial Group
Fresno,
California
|
+$373K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$353K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$271K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$117K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.9M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.24M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$6.07M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.38M |
| 5 |
Millennium Management
New York
|
-$268K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
26
Geneos Wealth Management
Englewood,
Colorado
| $19K | +$1.12K | +101 | +6% |
|
|
RFM
27
Royal Fund Management
Lady Lake,
Florida
| $3K | – | – | – |
|
28
Bank of America
Charlotte,
North Carolina
| $1K | -$2.83K | -255 | -65% |
|
29
Barclays
London,
United Kingdom
| $1K | – | – | – |
|
30
Citigroup
New York
| $1K | +$78 | +7 | +6% |
|
|
RCM
31
Rivernorth Capital Management
West Palm Beach,
Florida
| $829 | -$6.24M | -562,266 | -88% |
|
|
KIM
32
Karpus Investment Management
Pittsford,
New York
| – | -$2.38M | -213,959 | Closed |
|
33
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$135K | -12,134 | Closed |
|
34
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$47K | -4,219 | Closed |
|
|
CL
35
CSS LLC
Chicago,
Illinois
| – | -$23K | -2,040 | Closed |
|
|
FIA
36
FNY Investment Advisers
New York
| – | -$14K | -1,283 | Closed |
|
37
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$2K | -185 | Closed |
|
38
Fidelity Investments
Boston,
Massachusetts
| – | +$11 | +1 | New |
|
CRF Hedge Fund Activity: Q3 2019 in Review
32 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Total Return Fund (CRF) for Q3 2019, worth a combined $66.7M — down 19% from $82.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CRF and 3 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 12 added.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $1.46M. The largest seller was Sit Investment Associates, cutting an estimated $6.9M.
- 32 institutional investors held Cornerstone Total Return Fund (CRF) as of Q3 2019, down from 36 in Q2 2019.
- Funds reported $66.7M of Cornerstone Total Return Fund stock for Q3 2019, down 19% quarter-over-quarter.
- 3 funds opened new Cornerstone Total Return Fund positions in Q3 2019 and 7 closed out, a net change of -4 holders.
- The largest Cornerstone Total Return Fund buyer in Q3 2019 was Thomas J. Herzfeld Advisors, an estimated $1.46M added.
- The largest Cornerstone Total Return Fund seller in Q3 2019 was Sit Investment Associates, an estimated $6.9M sold.
Based on aggregated 13F filings for Q3 2019.