Phoenix New Media
FENG
42 hedge funds and large institutions have $89.7M invested in Phoenix New Media in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 17 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 12
0.08% less ownership
Funds ownership: 1.01% → 0.92% (-0.08%)
21% less funds holding
Funds holding: 53 → 42 (-11)
37% less capital invested
Capital invested by funds: $143M → $89.7M (-$52.9M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
65% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 17
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $103K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Coronation Asset Management
Cape Town,
South Africa
|
+$3.6M |
| 2 |
SI
Sensato Investors
San Francisco,
California
|
+$2.78M |
| 3 |
Renaissance Technologies
New York
|
+$2.3M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$2.21M |
| 5 |
HIM
Hermes Investment Management
London Uk,
United Kingdom
|
+$2.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AG
Ashmore Group
London,
United Kingdom
|
-$11.3M |
| 2 |
CLC
Charles-Lim Capital
Central,
Hong Kong
|
-$5.14M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.65M |
| 4 |
EAM
EverPoint Asset Management
Stamford,
Connecticut
|
-$2.36M |
| 5 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
-$2.08M |
FENG Hedge Fund Activity: Q1 2015 in Review
42 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Phoenix New Media (FENG) for Q1 2015, worth a combined $89.7M — down 37% from $143M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of FENG and 6 opened new positions — a net loss of 11 holders — while 12 trimmed existing stakes and 19 added.
The largest buyer was Coronation Asset Management, adding an estimated $3.6M. The largest seller was Ashmore Group, cutting an estimated $11.3M.
- 42 institutional investors held Phoenix New Media (FENG) as of Q1 2015, down from 53 in Q4 2014.
- Funds reported $89.7M of Phoenix New Media stock for Q1 2015, down 37% quarter-over-quarter.
- 6 funds opened new Phoenix New Media positions in Q1 2015 and 17 closed out, a net change of -11 holders.
- The largest Phoenix New Media buyer in Q1 2015 was Coronation Asset Management, an estimated $3.6M added.
- The largest Phoenix New Media seller in Q1 2015 was Ashmore Group, an estimated $11.3M sold.
Based on aggregated 13F filings for Q1 2015.