Neuberger High Yield Strategies Fund Inc
NHS
36 hedge funds and large institutions have $35.2M invested in Neuberger High Yield Strategies Fund Inc in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 15 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
24% more capital invested
Capital invested by funds: $28.3M → $35.2M (+$6.86M)
3% more funds holding
Funds holding: 35 → 36 (+1)
2.46% more ownership
Funds ownership: 11.33% → 13.79% (+2.5%)
40% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
+$2.95M |
| 2 |
SCM
Saba Capital Management
New York
|
+$2.35M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.99M |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$1.51M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$737K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.04M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$474K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$414K |
| 4 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$340K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$320K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $49K | – | – | – |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $48K | +$12.9K | +1,000 | +38% |
|
|
WA
28
WFG Advisors
Dallas,
Texas
| $46K | +$193 | +15 | +0.4% |
|
|
TJHA
29
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $23K | – | – | – |
|
|
HCM
30
Highlander Capital Management
Short Hills,
New Jersey
| $22.6K | – | – | – |
|
31
Citigroup
New York
| $20K | – | – | – |
|
|
NES
32
New England Securities
New York
| $10K | – | – | – |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| $9K | +$7.17K | +557 | +401% |
|
34
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $9K | +$9.02K | +700 | New |
|
|
CTC
35
Central Trust Company
Jefferson City,
Missouri
| $5K | – | – | – |
|
|
RJFSA
36
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$320K | -24,992 | Closed |
|
37
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2K | -179 | Closed |
|
NHS Hedge Fund Activity: Q3 2013 in Review
36 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Neuberger High Yield Strategies Fund Inc (NHS) for Q3 2013, worth a combined $35.2M — up 24% from $28.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new NHS positions and 2 closed out — a net gain of 2 holders — while 9 added to existing stakes and 15 trimmed.
The largest buyer was Third Avenue Management, opening a new position worth an estimated $2.95M. The largest seller was Wolverine Asset Management, cutting an estimated $1.04M.
- 36 institutional investors held Neuberger High Yield Strategies Fund Inc (NHS) as of Q3 2013, up from 35 in Q2 2013.
- Funds reported $35.2M of Neuberger High Yield Strategies Fund Inc stock for Q3 2013, up 24% quarter-over-quarter.
- 4 funds opened new Neuberger High Yield Strategies Fund Inc positions in Q3 2013 and 2 closed out, a net change of +2 holders.
- The largest Neuberger High Yield Strategies Fund Inc buyer in Q3 2013 was Third Avenue Management, an estimated $2.95M added.
- The largest Neuberger High Yield Strategies Fund Inc seller in Q3 2013 was Wolverine Asset Management, an estimated $1.04M sold.
Based on aggregated 13F filings for Q3 2013.