Cornerstone Total Return Fund
52 hedge funds and large institutions have $134M invested in Cornerstone Total Return Fund in 2022 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 14 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 11
1.56% less ownership
Funds ownership: 28.03% → 26.47% (-1.6%)
8% less capital invested
Capital invested by funds: $146M → $134M (-$11.6M)
9% less funds holding
Funds holding: 57 → 52 (-5)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
+$23.2M |
| 2 |
AGM
Alpine Global Management
New York
|
+$9.25M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.82M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.04M |
| 5 |
HHGC
Hunting Hill Global Capital
New York
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
-$17.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$6.81M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$5M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
-$3.1M |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$2.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$5M | -612,201 | Closed |
|
|
IG
52
ING Group
Amsterdam,
Netherlands
| – | -$3.1M | -380,195 | Closed |
|
|
WAM
53
Weiss Asset Management
Boston,
Massachusetts
| – | -$1.2M | -147,246 | Closed |
|
|
CCP
54
Clough Capital Partners
Boston,
Massachusetts
| – | -$825K | -101,030 | Closed |
|
|
BCM
55
Bluefin Capital Management
New York
| – | -$692K | -85,064 | Closed |
|
|
FIA
56
FNY Investment Advisers
New York
| – | -$537K | -65,783 | Closed |
|
57
Nomura Holdings
Tokyo,
Japan
| – | -$170K | -20,400 | Closed |
|
58
Jane Street
New York
| – | -$161K | -19,719 | Closed |
|
|
GWM
59
Geneos Wealth Management
Englewood,
Colorado
| – | -$153K | -18,563 | Closed |
|
60
Ameriprise
Minneapolis,
Minnesota
| – | -$150K | -18,360 | Closed |
|
|
CA
61
CoreCap Advisors
Southfield,
Michigan
| – | -$82K | -10,054 | Closed |
|
|
JPLA
62
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| – | -$8K | -1,020 | Closed |
|
|
AF
63
Advisornet Financial
Minnetonka,
Minnesota
| – | +$18 | +2 | +7% |
|
CRF Hedge Fund Activity: Q3 2022 in Review
52 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Cornerstone Total Return Fund (CRF) for Q3 2022, worth a combined $134M — down 8% from $146M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of CRF and 9 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 20 added.
The largest buyer was Boothbay Fund Management, opening a new position worth an estimated $23.2M. The largest seller was Almitas Capital, exiting entirely with an estimated $17.5M sold.
- 52 institutional investors held Cornerstone Total Return Fund (CRF) as of Q3 2022, down from 57 in Q2 2022.
- Funds reported $134M of Cornerstone Total Return Fund stock for Q3 2022, down 8% quarter-over-quarter.
- 9 funds opened new Cornerstone Total Return Fund positions in Q3 2022 and 14 closed out, a net change of -5 holders.
- The largest Cornerstone Total Return Fund buyer in Q3 2022 was Boothbay Fund Management, an estimated $23.2M added.
- The largest Cornerstone Total Return Fund seller in Q3 2022 was Almitas Capital, an estimated $17.5M sold.
Based on aggregated 13F filings for Q3 2022.