Neuberger High Yield Strategies Fund Inc
NHS
34 hedge funds and large institutions have $47.4M invested in Neuberger High Yield Strategies Fund Inc in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 7 closing their positions.
35% more capital invested
Capital invested by funds: $35.2M → $47.4M (+$12.2M)
4.48% more ownership
Funds ownership: 13.79% → 18.27% (+4.5%)
6% less funds holding
Funds holding: 36 → 34 (-2)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.99M |
| 2 |
TAM
Third Avenue Management
New York
|
+$1.7M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.44M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.18M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$590K |
| 2 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
-$327K |
| 3 |
VAM
Visium Asset Management
New York
|
-$325K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$318K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$246K |
NHS Hedge Fund Activity: Q4 2013 in Review
34 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Neuberger High Yield Strategies Fund Inc (NHS) for Q4 2013, worth a combined $47.4M — up 35% from $35.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NHS and 5 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 10 added.
The largest buyer was Saba Capital Management, adding an estimated $4.99M. The largest seller was Cornerstone Advisors, cutting an estimated $590K.
- 34 institutional investors held Neuberger High Yield Strategies Fund Inc (NHS) as of Q4 2013, down from 36 in Q3 2013.
- Funds reported $47.4M of Neuberger High Yield Strategies Fund Inc stock for Q4 2013, up 35% quarter-over-quarter.
- 5 funds opened new Neuberger High Yield Strategies Fund Inc positions in Q4 2013 and 7 closed out, a net change of -2 holders.
- The largest Neuberger High Yield Strategies Fund Inc buyer in Q4 2013 was Saba Capital Management, an estimated $4.99M added.
- The largest Neuberger High Yield Strategies Fund Inc seller in Q4 2013 was Cornerstone Advisors, an estimated $590K sold.
Based on aggregated 13F filings for Q4 2013.