Cornerstone Total Return Fund
54 hedge funds and large institutions have $98.1M invested in Cornerstone Total Return Fund in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 15 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
14% less funds holding
Funds holding: 63 → 54 (-9)
15.67% less ownership
Funds ownership: 28.92% → 13.26% (-16%)
24% less capital invested
Capital invested by funds: $128M → $98.1M (-$30.3M)
53% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 15
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| 1 |
PIA
Perennial Investment Advisors
Los Angeles,
California
|
+$2.73M |
| 2 |
LPL Financial
San Diego,
California
|
+$447K |
| 3 |
AGM
Alpine Global Management
New York
|
+$316K |
| 4 |
Morgan Stanley
New York
|
+$224K |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$194K |
Top Sellers
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$10.6M |
| 2 |
HHGC
Hunting Hill Global Capital
New York
|
-$8.33M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$7.13M |
| 4 |
FFG
Ford Financial Group
Fresno,
California
|
-$2.42M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.22M |
CRF Hedge Fund Activity: Q1 2023 in Review
54 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Total Return Fund (CRF) for Q1 2023, worth a combined $98.1M — down 24% from $128M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of CRF and 7 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 21 added.
The largest buyer was Perennial Investment Advisors, opening a new position worth an estimated $2.73M. The largest seller was Sit Investment Associates, cutting an estimated $10.6M.
- 54 institutional investors held Cornerstone Total Return Fund (CRF) as of Q1 2023, down from 63 in Q4 2022.
- Funds reported $98.1M of Cornerstone Total Return Fund stock for Q1 2023, down 24% quarter-over-quarter.
- 7 funds opened new Cornerstone Total Return Fund positions in Q1 2023 and 15 closed out, a net change of -8 holders.
- The largest Cornerstone Total Return Fund buyer in Q1 2023 was Perennial Investment Advisors, an estimated $2.73M added.
- The largest Cornerstone Total Return Fund seller in Q1 2023 was Sit Investment Associates, an estimated $10.6M sold.
Based on aggregated 13F filings for Q1 2023.