Ares Management’s PhenixFIN PFX Stock Holding History

Ares Management’s Portfolio PFX Stock Details PFX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q2	–	Sell	-10,973	Closed	-$682K	–	63
2019 Q1	$682K	Sell	10,973 -3,702	-25%	-$232K	0.04%	35
2018 Q4	$781K	Sell	14,675 -5,218	-26%	-$368K	0.05%	48
2018 Q3	$1.52M	Sell	19,893 -35,118	-64%	-$2.59M	0.08%	37
2018 Q2	$3.85M	Buy	55,011 +7,000	+15%	+$533K	0.14%	31
2018 Q1	$3.82M	Hold	48,011	–	–	0.12%	30
2017 Q4	$5.01M	Sell	48,011 -300	-0.6%	-$34.2K	0.16%	25
2017 Q3	$5.77M	Hold	48,311	–	–	0.2%	25
2017 Q2	$6.17M	Buy	48,311 +225	+0.5%	+$30.6K	0.15%	24
2017 Q1	$7.4M	Buy	48,086 +6,330	+15%	+$967K	0.03%	17
2016 Q4	$6.27M	Buy	41,756 +1,739	+4%	+$266K	0.36%	21
2016 Q3	$6.11M	Buy	40,017 +17,623	+79%	+$2.61M	0.39%	19
2016 Q2	$3M	Buy	+22,394	New	+$2.97M	0.24%	20

Other funds holding PFX

AFG

American Financial Group Cincinnati, Ohio $270M AUM 3.25% 1-Year Est. Return

FCG

FrontFour Capital Group Greenwich, Connecticut $26.5M AUM 17.69% 1-Year Est. Return

MCP

Moab Capital Partners Southampton, New York $41M AUM 33.21% 1-Year Est. Return

Fondren Management Houston, Texas $16.9M AUM 5.82% 1-Year Est. Return

RAM

Roumell Asset Management Chevy Chase, Maryland $53.3M AUM 8.91% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

VEA

Virtus ETF Advisers New York $215M AUM 53.68% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

CIM

Confluence Investment Management St. Louis, Missouri $6.4B AUM 9.79% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Ares Management's PFX Position: Q2 2019 in Review

Ares Management sold out of PhenixFIN (PFX) in Q2 2019, closing a stake of 10,973 shares — an estimated $682K sold.

Ares Management first reported a position in PFX in Q2 2016 and held it in 12 quarters. The position peaked at $7.4M in Q1 2017. 60 funds tracked by Wall St. Rank hold PFX as of Q2 2019.

Ares Management reported no remaining PhenixFIN position as of Q2 2019 after selling out during the quarter.
Ares Management sold 10,973 PhenixFIN shares in Q2 2019, an estimated $682K.
Ares Management first reported a position in PhenixFIN in Q2 2016 and held it in 12 quarters.
Ares Management's PhenixFIN position peaked at $7.4M in Q1 2017.
60 funds tracked by Wall St. Rank held PhenixFIN as of Q2 2019.

Based on Ares Management's 13F filing for Q2 2019, filed 14 Aug 2019.