Cornerstone Total Return Fund
31 hedge funds and large institutions have $62.5M invested in Cornerstone Total Return Fund in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 6 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 7
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.23% less ownership
Funds ownership: 16.29% → 15.07% (-1.2%)
3% less funds holding
Funds holding: 32 → 31 (-1)
6% less capital invested
Capital invested by funds: $66.7M → $62.5M (-$4.25M)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.82M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.24M |
| 3 |
FFG
Ford Financial Group
Fresno,
California
|
+$335K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$202K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$154K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$7.45M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$628K |
| 3 |
MWPCG
Measured Wealth Private Client Group
Portsmouth,
New Hampshire
|
-$432K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
-$364K |
| 5 |
Millennium Management
New York
|
-$282K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SL
26
Savior LLC
Wellesley Hills,
Massachusetts
| $11K | +$10.8K | +1,010 | New |
|
|
WTC
27
WhitTier Trust Company
Reno,
Nevada
| $11K | +$10.9K | +1,020 | New |
|
28
Bank of America
Charlotte,
North Carolina
| $7K | +$5.63K | +528 | +383% |
|
29
Barclays
London,
United Kingdom
| $1K | – | – | – |
|
30
Citigroup
New York
| $1K | +$75 | +7 | +6% |
|
|
MWPCG
31
Measured Wealth Private Client Group
Portsmouth,
New Hampshire
| – | -$432K | -40,099 | Closed |
|
|
32
Millennium Management
New York
| – | -$282K | -26,197 | Closed |
|
|
QCIG
33
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$70K | -6,594 | Closed |
|
|
CIAS
34
Capital Investment Advisory Services
Raleigh,
North Carolina
| – | -$60K | -5,610 | Closed |
|
|
WAM
35
Wolverine Asset Management
Chicago,
Illinois
| – | -$51K | -4,779 | Closed |
|
|
RFM
36
Royal Fund Management
Lady Lake,
Florida
| – | -$3K | -365 | Closed |
|
CRF Hedge Fund Activity: Q4 2019 in Review
31 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Total Return Fund (CRF) for Q4 2019, worth a combined $62.5M — down 6.4% from $66.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CRF and 5 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 16 added.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $1.82M. The largest seller was Sit Investment Associates, cutting an estimated $7.45M.
- 31 institutional investors held Cornerstone Total Return Fund (CRF) as of Q4 2019, down from 32 in Q3 2019.
- Funds reported $62.5M of Cornerstone Total Return Fund stock for Q4 2019, down 6.4% quarter-over-quarter.
- 5 funds opened new Cornerstone Total Return Fund positions in Q4 2019 and 6 closed out, a net change of -1 holder.
- The largest Cornerstone Total Return Fund buyer in Q4 2019 was Thomas J. Herzfeld Advisors, an estimated $1.82M added.
- The largest Cornerstone Total Return Fund seller in Q4 2019 was Sit Investment Associates, an estimated $7.45M sold.
Based on aggregated 13F filings for Q4 2019.