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NHS

Neuberger High Yield Strategies Fund Inc
NHS

49 hedge funds and large institutions have $72.6M invested in Neuberger High Yield Strategies Fund Inc in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.27% more ownership

Funds ownership: 36.14% → 38.41% (+2.3%)

6% less capital invested

Capital invested by funds: $77.3M → $72.6M (-$4.68M)

8% less funds holding

Funds holding: 53 → 49 (-4)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

39% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 18

Holders
49
Holders Change
-4
Holders Change %
-7.55%
% of All Funds
1.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
11
Reduced
18
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$8.39M
2
Wells Fargo
Wells Fargo
California
+$1.67M
3
RCM
Rivernorth Capital Management
Florida
+$1.57M
4
AUIM
Aegon USA Investment Management
Iowa
+$1.3M
5
VCM
Vivaldi Capital Management
Illinois
+$264K

Top Sellers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
-$3.19M
2
RCM
Robinson Capital Management
Michigan
-$1.36M
3
WAM
Wolverine Asset Management
Illinois
-$1.01M
4
GC
Guggenheim Capital
Illinois
-$768K
5
CRC
Curi RMB Capital
Illinois
-$601K
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$460K +$4.58K +444 +0.9%
MIG
27
Mariner Investment Group
New York
$454K – – –
AA
28
AQR Arbitrage
Connecticut
$436K +$255K +24,668 +121%
HighTower Advisors
29
HighTower Advisors
Illinois
$370K +$5.35K +518 +1%
Bank of America
30
Bank of America
North Carolina
$284K -$20.4K -1,976 -6%
PAS
31
Park Avenue Securities
New York
$219K +$218K +21,143 New
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$217K +$232K +22,491 New
6M
33
6 Meridian
Kansas
$202K -$3.42K -331 -2%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$163K -$9.01K -873 -5%
TI
35
Tidal Investments
Wisconsin
$159K +$171K +16,523 New
RJT
36
Raymond James Trust
Florida
$134K – – –
OC
37
Oppenheimer & Co
New York
$114K – – –
GWM
38
Geneos Wealth Management
Colorado
$104K – – –
WAM
39
Weiss Asset Management
Massachusetts
$102K +$109K +10,531 New
CAM
40
Cresset Asset Management
Illinois
$91K +$96.6K +9,361 New
US Bancorp
41
US Bancorp
Minnesota
$34K – – –
Citigroup
42
Citigroup
New York
$30K -$21.3K -2,065 -40%
CWA
43
Clarus Wealth Advisors
Arizona
$25K – – –
RIA
44
RPG Investment Advisory
California
$17K – – –
Bank of Montreal
45
Bank of Montreal
Ontario, Canada
$10K – – –
CAC
46
Certified Advisory Corp
Florida
$9K – – –
FHB
47
First Hawaiian Bank
Hawaii
$7K – – –
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
$1K +$1.31K +127 New
SFS
49
Shaker Financial Services
Virginia
– -$3.19M -291,387 Closed
WAM
50
Wolverine Asset Management
Illinois
– -$1.01M -92,208 Closed
1
2
3

NHS Hedge Fund Activity: Q4 2018 in Review

49 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Neuberger High Yield Strategies Fund Inc (NHS) for Q4 2018, worth a combined $72.6M — down 6% from $77.3M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of NHS and 8 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 11 added.

The largest buyer was Saba Capital Management, adding an estimated $8.39M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $3.19M sold.

  • 49 institutional investors held Neuberger High Yield Strategies Fund Inc (NHS) as of Q4 2018, down from 53 in Q3 2018.
  • Funds reported $72.6M of Neuberger High Yield Strategies Fund Inc stock for Q4 2018, down 6% quarter-over-quarter.
  • 8 funds opened new Neuberger High Yield Strategies Fund Inc positions in Q4 2018 and 12 closed out, a net change of -4 holders.
  • The largest Neuberger High Yield Strategies Fund Inc buyer in Q4 2018 was Saba Capital Management, an estimated $8.39M added.
  • The largest Neuberger High Yield Strategies Fund Inc seller in Q4 2018 was Shaker Financial Services, an estimated $3.19M sold.

Based on aggregated 13F filings for Q4 2018.