Phoenix New Media
FENG
48 hedge funds and large institutions have $151M invested in Phoenix New Media in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 19 increasing their positions, 18 reducing their positions, and 20 closing their positions.
63% more call options, than puts
Call options by funds: $7.59M | Put options by funds: $4.67M
6% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 18
0% less ownership
Funds ownership: 0.95% → 0.95% (-0%)
13% less capital invested
Capital invested by funds: $173M → $151M (-$22.1M)
21% less funds holding
Funds holding: 61 → 48 (-13)
65% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Coronation Asset Management
Cape Town,
South Africa
|
+$5.31M |
| 2 |
JP Morgan Chase
New York
|
+$3.4M |
| 3 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
+$2.53M |
| 4 |
EAM
EverPoint Asset Management
Stamford,
Connecticut
|
+$2.4M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WBC
Westpac Banking Corp
Sydney,
Australia
|
-$6.3M |
| 2 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
-$3.9M |
| 3 |
PAAMCP
Pacific Alternative Asset Management Company (PAAMCO)
Irvine,
California
|
-$2M |
| 4 |
D.E. Shaw & Co
New York
|
-$2M |
| 5 |
HT
HAP Trading
New York
|
-$1.87M |
FENG Hedge Fund Activity: Q3 2014 in Review
48 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Phoenix New Media (FENG) for Q3 2014, worth a combined $151M — down 13% from $173M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of FENG and 7 opened new positions — a net loss of 13 holders — while 18 trimmed existing stakes and 19 added.
The largest buyer was Coronation Asset Management, adding an estimated $5.31M. The largest seller was Westpac Banking Corp, cutting an estimated $6.3M.
- 48 institutional investors held Phoenix New Media (FENG) as of Q3 2014, down from 61 in Q2 2014.
- Funds reported $151M of Phoenix New Media stock for Q3 2014, down 13% quarter-over-quarter.
- 7 funds opened new Phoenix New Media positions in Q3 2014 and 20 closed out, a net change of -13 holders.
- The largest Phoenix New Media buyer in Q3 2014 was Coronation Asset Management, an estimated $5.31M added.
- The largest Phoenix New Media seller in Q3 2014 was Westpac Banking Corp, an estimated $6.3M sold.
Based on aggregated 13F filings for Q3 2014.