Cornerstone Total Return Fund
37 hedge funds and large institutions have $38.3M invested in Cornerstone Total Return Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
19% more funds holding
Funds holding: 31 → 37 (+6)
2.07% less ownership
Funds ownership: 15.07% → 13% (-2.1%)
39% less capital invested
Capital invested by funds: $62.5M → $38.3M (-$24.2M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$14.3M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.32M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$639K |
| 4 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
+$369K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$253K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$25.9M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.61M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$480K |
| 4 |
Morgan Stanley
New York
|
-$144K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$117K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Baird Financial Group
Milwaukee,
Wisconsin
| $93K | +$117K | +11,914 | New |
|
|
IFWM
27
Institute for Wealth Management
Denver,
Colorado
| $88K | +$3.41K | +347 | +3% |
|
28
Lido Advisors
Los Angeles,
California
| $88K | +$6.08K | +618 | +6% |
|
|
GWM
29
Geneos Wealth Management
Englewood,
Colorado
| $88K | +$91.5K | +9,302 | +469% |
|
|
SBIA
30
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
| $80K | +$101K | +10,243 | New |
|
|
APA
31
American Portfolios Advisors
Holbrook,
New York
| $15.9K | – | – | – |
|
32
Citigroup
New York
| $14K | +$16.6K | +1,685 | +1,337% |
|
|
SL
33
Savior LLC
Wellesley Hills,
Massachusetts
| $8K | – | – | – |
|
|
JPLA
34
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| $8K | +$10K | +1,020 | New |
|
35
Bank of America
Charlotte,
North Carolina
| $6K | +$501 | +51 | +8% |
|
36
Barclays
London,
United Kingdom
| $1K | – | – | – |
|
|
37
Envestnet Asset Management
Chicago,
Illinois
| – | -$117K | -10,864 | Closed |
|
|
WTC
38
WhitTier Trust Company
Reno,
Nevada
| – | -$11K | -1,020 | Closed |
|
|
TRCT
39
Tower Research Capital (TRC)
New York
| – | +$10 | +1 | New |
|
CRF Hedge Fund Activity: Q1 2020 in Review
37 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Total Return Fund (CRF) for Q1 2020, worth a combined $38.3M — down 39% from $62.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new CRF positions and 3 closed out — a net gain of 8 holders — while 13 added to existing stakes and 10 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $14.3M. The largest seller was Sit Investment Associates, cutting an estimated $25.9M.
- 37 institutional investors held Cornerstone Total Return Fund (CRF) as of Q1 2020, up from 31 in Q4 2019.
- Funds reported $38.3M of Cornerstone Total Return Fund stock for Q1 2020, down 39% quarter-over-quarter.
- 11 funds opened new Cornerstone Total Return Fund positions in Q1 2020 and 3 closed out, a net change of +8 holders.
- The largest Cornerstone Total Return Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $14.3M added.
- The largest Cornerstone Total Return Fund seller in Q1 2020 was Sit Investment Associates, an estimated $25.9M sold.
Based on aggregated 13F filings for Q1 2020.