Varde Management’s PhenixFIN PFX Stock Holding History

Varde 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
2014 Q4	–	Sell	-42,798	Closed	-$10.1M	–	8
2014 Q3	$10.1M	Hold	42,798	–	–	9.57%	4
2014 Q2	$11.2M	Buy	+42,798	New	+$11M	10.69%	4

Other funds holding PFX

PAM

PVG Asset Management Golden, Colorado $173M AUM 64.51% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $432B AUM 30.22% 1-Year Est. Return

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

AAM

Advisors Asset Management Monument, Colorado $6.01B AUM 24.74% 1-Year Est. Return

HCM

Hilton Capital Management Garden City, New York $1.47B AUM 18.73% 1-Year Est. Return

RCM

Rivernorth Capital Management West Palm Beach, Florida $2B AUM 0.79% 1-Year Est. Return

AFG

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

CIM

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

SAM

Selway Asset Management $242M AUM 7.7% 1-Year Est. Return

Varde Management's PFX Position: Q4 2014 in Review

Varde Management sold out of PhenixFIN (PFX) in Q4 2014, closing a stake of 42,798 shares — an estimated $10.1M sold.

Varde Management first reported a position in PFX in Q2 2014 and held it in 2 quarters. The position peaked at $11.2M in Q2 2014. 105 funds tracked by Wall St. Rank hold PFX as of Q4 2014.

Varde Management reported no remaining PhenixFIN position as of Q4 2014 after selling out during the quarter.
Varde Management sold 42,798 PhenixFIN shares in Q4 2014, an estimated $10.1M.
Varde Management first reported a position in PhenixFIN in Q2 2014 and held it in 2 quarters.
Varde Management's PhenixFIN position peaked at $11.2M in Q2 2014.
105 funds tracked by Wall St. Rank held PhenixFIN as of Q4 2014.

Based on Varde Management's 13F filing for Q4 2014, filed 5 Feb 2015.