NEXPOINT CREDIT STRATEGIES FUND
HCF
HCF was delisted on the 7th of September, 2012.
49 hedge funds and large institutions have $235M invested in NEXPOINT CREDIT STRATEGIES FUND in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 10 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 14
16% more capital invested
Capital invested by funds: $203M → $235M (+$31.6M)
8% less funds holding
Funds holding: 53 → 49 (-4)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$9.93M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.77M |
| 3 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
+$3.07M |
| 4 |
ARC
Absolute Return Capital
Boston,
Massachusetts
|
+$2.67M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$12M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$4.32M |
| 3 |
Morgan Stanley
New York
|
-$4.07M |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$1.91M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.61M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NCM
51
Newgate Capital Management
Greenwich,
Connecticut
| – | -$1.91M | -202,555 | Closed |
|
52
SG Americas Securities
New York
| – | -$1.51M | -160,402 | Closed |
|
|
JG
53
Jefferies Group
New York
| – | -$1.08M | -114,790 | Closed |
|
54
Jane Street
New York
| – | -$456K | -48,365 | Closed |
|
|
TRCT
55
Tower Research Capital (TRC)
New York
| – | -$306K | -32,440 | Closed |
|
56
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$238K | -25,224 | Closed |
|
|
AGM
57
Alpine Global Management
New York
| – | -$224K | -23,773 | Closed |
|
|
LCM
58
Landscape Capital Management
Englewood,
New Jersey
| – | -$107K | -11,361 | Closed |
|
|
WCM
59
Windsor Capital Management
Phoenix,
Arizona
| – | -$11K | -1,211 | Closed |
|
HCF Hedge Fund Activity: Q1 2014 in Review
49 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in NEXPOINT CREDIT STRATEGIES FUND (HCF) for Q1 2014, worth a combined $235M — up 16% from $203M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of HCF and 6 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 17 added.
The largest buyer was Bessemer Group, adding an estimated $9.93M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $12M sold.
- 49 institutional investors held NEXPOINT CREDIT STRATEGIES FUND (HCF) as of Q1 2014, down from 53 in Q4 2013.
- Funds reported $235M of NEXPOINT CREDIT STRATEGIES FUND stock for Q1 2014, up 16% quarter-over-quarter.
- 6 funds opened new NEXPOINT CREDIT STRATEGIES FUND positions in Q1 2014 and 10 closed out, a net change of -4 holders.
- The largest NEXPOINT CREDIT STRATEGIES FUND buyer in Q1 2014 was Bessemer Group, an estimated $9.93M added.
- The largest NEXPOINT CREDIT STRATEGIES FUND seller in Q1 2014 was Robinson Capital Management, an estimated $12M sold.
Based on aggregated 13F filings for Q1 2014.