Deutsche High Income Trust
KHI
KHI was delisted on the 4th of November, 2016.
31 hedge funds and large institutions have $16.2M invested in Deutsche High Income Trust in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 6 closing their positions.
50% more capital invested
Capital invested by funds: $10.8M → $16.2M (+$5.42M)
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
3% more funds holding
Funds holding: 30 → 31 (+1)
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.26M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.02M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$665K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$356K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$350K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$270K |
| 2 |
Morgan Stanley
New York
|
-$214K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$196K |
| 4 |
LPL Financial
San Diego,
California
|
-$111K |
| 5 |
RFC
Regions Financial Corp
Birmingham,
Alabama
|
-$91K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $5K | -$30.8K | -3,375 | -87% |
|
27
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $4K | – | – | – |
|
28
Citigroup
New York
| $4K | +$3.78K | +415 | New |
|
|
TFA
29
Transamerica Financial Advisors
St. Petersburg,
Florida
| $4K | +$3.94K | +432 | New |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| $3K | – | – | – |
|
|
WA
31
WFG Advisors
Dallas,
Texas
| $2K | – | – | – |
|
|
RFC
32
Regions Financial Corp
Birmingham,
Alabama
| – | -$91K | -10,000 | Closed |
|
33
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$34K | -3,696 | Closed |
|
34
Ameriprise
Minneapolis,
Minnesota
| – | -$27K | -3,000 | Closed |
|
35
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$21K | -2,350 | Closed |
|
36
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$3K | -350 | Closed |
|
|
EWM
37
Edge Wealth Management
New York
| – | -$1K | -93 | Closed |
|
KHI Hedge Fund Activity: Q4 2013 in Review
31 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Deutsche High Income Trust (KHI) for Q4 2013, worth a combined $16.2M — up 50% from $10.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new KHI positions and 6 closed out — a net gain of 1 holder — while 7 added to existing stakes and 12 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $3.26M. The largest seller was Guggenheim Capital, cutting an estimated $270K.
- 31 institutional investors held Deutsche High Income Trust (KHI) as of Q4 2013, up from 30 in Q3 2013.
- Funds reported $16.2M of Deutsche High Income Trust stock for Q4 2013, up 50% quarter-over-quarter.
- 7 funds opened new Deutsche High Income Trust positions in Q4 2013 and 6 closed out, a net change of +1 holder.
- The largest Deutsche High Income Trust buyer in Q4 2013 was Saba Capital Management, an estimated $3.26M added.
- The largest Deutsche High Income Trust seller in Q4 2013 was Guggenheim Capital, an estimated $270K sold.
Based on aggregated 13F filings for Q4 2013.