Credit Suisse High Yield Credit Fund
DHY
29 hedge funds and large institutions have $6.05M invested in Credit Suisse High Yield Credit Fund in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 6 closing their positions.
0.7% less ownership
Funds ownership: 2.73% → 2.03% (-0.7%)
9% less funds holding
Funds holding: 32 → 29 (-3)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
25% less capital invested
Capital invested by funds: $8.07M → $6.05M (-$2.02M)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$350K |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$114K |
| 3 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$101K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
+$85.3K |
| 5 |
RFC
Regions Financial Corp
Birmingham,
Alabama
|
+$44.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RP
Raiff Partners
New York
|
-$1.4M |
| 2 |
Morgan Stanley
New York
|
-$667K |
| 3 |
LPL Financial
San Diego,
California
|
-$168K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$108K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$99.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Fifth Third Bancorp
Cincinnati,
Ohio
| $9K | – | – | – |
|
27
Citigroup
New York
| $5K | – | – | – |
|
|
HCM
28
Highlander Capital Management
Short Hills,
New Jersey
| $4.58K | – | – | – |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $2K | +$1.1K | +360 | +101% |
|
|
RP
30
Raiff Partners
New York
| – | -$1.4M | -450,000 | Closed |
|
|
OC
31
Oppenheimer & Co
New York
| – | -$47K | -15,000 | Closed |
|
32
Jane Street
New York
| – | -$47K | -14,975 | Closed |
|
|
B
33
Baird
Milwaukee,
Wisconsin
| – | -$41K | -13,209 | Closed |
|
|
1IC
34
1919 Investment Counsel
Baltimore,
Maryland
| – | -$14K | -4,409 | Closed |
|
35
Bank of America
Charlotte,
North Carolina
| – | -$5K | -1,700 | Closed |
|
DHY Hedge Fund Activity: Q3 2013 in Review
29 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Credit Suisse High Yield Credit Fund (DHY) for Q3 2013, worth a combined $6.05M — down 25% from $8.07M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DHY and 3 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 9 added.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $350K. The largest seller was Raiff Partners, exiting entirely with an estimated $1.4M sold.
- 29 institutional investors held Credit Suisse High Yield Credit Fund (DHY) as of Q3 2013, down from 32 in Q2 2013.
- Funds reported $6.05M of Credit Suisse High Yield Credit Fund stock for Q3 2013, down 25% quarter-over-quarter.
- 3 funds opened new Credit Suisse High Yield Credit Fund positions in Q3 2013 and 6 closed out, a net change of -3 holders.
- The largest Credit Suisse High Yield Credit Fund buyer in Q3 2013 was Guggenheim Capital, an estimated $350K added.
- The largest Credit Suisse High Yield Credit Fund seller in Q3 2013 was Raiff Partners, an estimated $1.4M sold.
Based on aggregated 13F filings for Q3 2013.