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HCF

NEXPOINT CREDIT STRATEGIES FUND
HCF

Delisted

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.

New
Increased
Maintained
Reduced
Closed

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: 5349 (-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: 21 (-1)

Holders
49
Holders Change
-4
Holders Change %
-7.55%
% of All Funds
1.42%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
6
Increased
17
Reduced
14
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$72.8M +$1.5M +135,847 +2%
Morgan Stanley
2
Morgan Stanley
New York
$22.3M -$4.07M -367,896 -15%
RCM
3
Rivernorth Capital Management
Florida
$19.9M -$1.31M -118,688 -6%
HCMT
4
Highland Capital Management (Texas)
Texas
$18.4M +$3.07M +277,570 +20%
GC
5
Guggenheim Capital
Illinois
$16.3M +$294K +26,587 +2%
Loomis, Sayles & Company
6
Loomis, Sayles & Company
Massachusetts
$15.1M
PPA
7
Parametric Portfolio Associates
Washington
$13.6M +$2.29M +207,050 +20%
Bessemer Group
8
Bessemer Group
New Jersey
$13.2M +$9.93M +896,761 +299%
Wells Fargo
9
Wells Fargo
California
$8.29M -$985K -88,990 -11%
KIM
10
Karpus Investment Management
New York
$7.34M +$4.77M +431,064 +186%
Invesco
11
Invesco
Georgia
$5.15M +$1.13M +101,652 +28%
U
12
UBS
Switzerland
$3.38M +$406K +36,642 +14%
ARC
13
Absolute Return Capital
Massachusetts
$2.67M +$2.67M +241,069 New
RVP
14
Relative Value Partners
Illinois
$2.5M -$4.32M -389,887 -63%
SCM
15
Saba Capital Management
New York
$2.19M -$343K -30,980 -14%
CIA
16
Capital Investment Advisors
Georgia
$1.87M -$208K -18,801 -10%
RJA
17
Raymond James & Associates
Florida
$1.83M +$1.83M +165,410 New
PNC Financial Services Group
18
PNC Financial Services Group
Pennsylvania
$1.48M +$1.41M +127,000 +1,814%
BNP Paribas Financial Markets
19
BNP Paribas Financial Markets
France
$1.21M -$1.61M -145,295 -57%
CAN
20
Cetera Advisor Networks
California
$818K +$682K +61,643 +502%
B
21
Baird
Wisconsin
$725K +$547K +49,419 +307%
TJHA
22
Thomas J. Herzfeld Advisors
Florida
$681K +$54.2K +4,900 +9%
LPL Financial
23
LPL Financial
California
$497K -$88.5K -7,989 -15%
VFS
24
VSR Financial Services
Kansas
$383K -$675K -60,971 -64%
ICAS
25
Investors Capital Advisory Services
Massachusetts
$310K +$310K +28,040 New

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.