PhenixFIN
60 hedge funds and large institutions have $33.7M invested in PhenixFIN in 2019 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 19 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
11% more funds holding
Funds holding: 54 → 60 (+6)
0.07% more ownership
Funds ownership: 1.25% → 1.32% (+0.07%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
21% less capital invested
Capital invested by funds: $42.5M → $33.7M (-$8.73M)
42% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VEA
Virtus ETF Advisers
New York
|
+$2.05M |
| 2 |
FM
Fondren Management
Houston,
Texas
|
+$393K |
| 3 |
SCM
Springhouse Capital Management
Westport,
Connecticut
|
+$376K |
| 4 |
Morgan Stanley
New York
|
+$286K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$264K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
-$682K |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$300K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$149K |
| 4 |
DAL
David A. Lorber
|
-$130K |
| 5 |
AFP
Ausdal Financial Partners
Davenport,
Iowa
|
-$86.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Group One Trading
Chicago,
Illinois
| $9K | +$11.5K | +197 | New |
|
|
WEC
52
Winslow Evans & Crocker
Boston,
Massachusetts
| $8K | -$526 | -9 | -5% |
|
53
Bessemer Group
Woodbridge,
New Jersey
| $5K | – | – | – |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| $2K | -$29.5K | -505 | -91% |
|
|
JPLA
55
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| $1K | -$2.75K | -47 | -67% |
|
|
GAM
56
Griffin Asset Management
New York
| $1K | +$1.17K | +20 | New |
|
|
ETI
57
Enterprise Trust & Investment
Los Gatos,
California
| $1K | +$1.58K | +27 | New |
|
|
AM
58
Ares Management
Los Angeles,
California
| – | -$682K | -10,973 | Closed |
|
|
WAM
59
Weiss Asset Management
Boston,
Massachusetts
| – | -$300K | -4,820 | Closed |
|
|
DAL
60
David A. Lorber
| – | -$130K | -2,086 | Closed |
|
61
CIBC World Market
Toronto,
Ontario, Canada
| – | -$33K | -528 | Closed |
|
62
Citigroup
New York
| – | -$2K | -25 | Closed |
|
|
SPIA
63
Steward Partners Investment Advisory
New York
| – | +$58 | +1 | New |
|
PFX Hedge Fund Activity: Q2 2019 in Review
60 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in PhenixFIN (PFX) for Q2 2019, worth a combined $33.7M — down 21% from $42.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PFX positions and 5 closed out — a net gain of 6 holders — while 11 added to existing stakes and 19 trimmed.
The largest buyer was Virtus ETF Advisers, opening a new position worth an estimated $2.05M. The largest seller was Ares Management, exiting entirely with an estimated $682K sold.
- 60 institutional investors held PhenixFIN (PFX) as of Q2 2019, up from 54 in Q1 2019.
- Funds reported $33.7M of PhenixFIN stock for Q2 2019, down 21% quarter-over-quarter.
- 11 funds opened new PhenixFIN positions in Q2 2019 and 5 closed out, a net change of +6 holders.
- The largest PhenixFIN buyer in Q2 2019 was Virtus ETF Advisers, an estimated $2.05M added.
- The largest PhenixFIN seller in Q2 2019 was Ares Management, an estimated $682K sold.
Based on aggregated 13F filings for Q2 2019.