Neuberger High Yield Strategies Fund Inc
NHS
46 hedge funds and large institutions have $94.7M invested in Neuberger High Yield Strategies Fund Inc in 2019 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 21 reducing their positions, and 12 closing their positions.
30% more capital invested
Capital invested by funds: $72.6M → $94.7M (+$22.1M)
4.53% more ownership
Funds ownership: 38.41% → 42.94% (+4.5%)
6% less funds holding
Funds holding: 49 → 46 (-3)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
62% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$18.5M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$7.85M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.75M |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$2.73M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$7.73M |
| 2 |
AUIM
Aegon USA Investment Management
Cedar Rapids,
Iowa
|
-$3.78M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$3.27M |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$2.11M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.63M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MIG
51
Mariner Investment Group
Harrison,
New York
| – | -$454K | -46,984 | Closed |
|
52
Envestnet Asset Management
Chicago,
Illinois
| – | -$217K | -22,491 | Closed |
|
|
PAS
53
Park Avenue Securities
New York
| – | -$219K | -21,143 | Closed |
|
|
6M
54
6 Meridian
Wichita,
Kansas
| – | -$202K | -20,891 | Closed |
|
|
WAM
55
Weiss Asset Management
Boston,
Massachusetts
| – | -$102K | -10,531 | Closed |
|
|
CAC
56
Certified Advisory Corp
Altamonte Springs,
Florida
| – | -$9K | -900 | Closed |
|
57
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -127 | Closed |
|
NHS Hedge Fund Activity: Q1 2019 in Review
46 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Neuberger High Yield Strategies Fund Inc (NHS) for Q1 2019, worth a combined $94.7M — up 30% from $72.6M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NHS and 9 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 8 added.
The largest buyer was Saba Capital Management, adding an estimated $18.5M. The largest seller was Wells Fargo, cutting an estimated $7.73M.
- 46 institutional investors held Neuberger High Yield Strategies Fund Inc (NHS) as of Q1 2019, down from 49 in Q4 2018.
- Funds reported $94.7M of Neuberger High Yield Strategies Fund Inc stock for Q1 2019, up 30% quarter-over-quarter.
- 9 funds opened new Neuberger High Yield Strategies Fund Inc positions in Q1 2019 and 12 closed out, a net change of -3 holders.
- The largest Neuberger High Yield Strategies Fund Inc buyer in Q1 2019 was Saba Capital Management, an estimated $18.5M added.
- The largest Neuberger High Yield Strategies Fund Inc seller in Q1 2019 was Wells Fargo, an estimated $7.73M sold.
Based on aggregated 13F filings for Q1 2019.