PhenixFIN
65 hedge funds and large institutions have $58.9M invested in PhenixFIN in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 27 reducing their positions, and 13 closing their positions.
87% more call options, than puts
Call options by funds: $187K | Put options by funds: $100K
22% more capital invested
Capital invested by funds: $48.3M → $58.9M (+$10.6M)
0.14% more ownership
Funds ownership: 1.27% → 1.42% (+0.14%)
8% less funds holding
Funds holding: 71 → 65 (-6)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
48% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 27
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCP
Moab Capital Partners
Southampton,
New York
|
+$5.73M |
| 2 |
FCG
FrontFour Capital Group
Greenwich,
Connecticut
|
+$5.62M |
| 3 |
FM
Fondren Management
Houston,
Texas
|
+$2.87M |
| 4 |
Morgan Stanley
New York
|
+$462K |
| 5 |
LPL Financial
San Diego,
California
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAM
PVG Asset Management
Golden,
Colorado
|
-$3.81M |
| 2 |
AM
Ares Management
Los Angeles,
California
|
-$2.59M |
| 3 |
RA
Rational Advisors
Huntington,
New York
|
-$843K |
| 4 |
WFI
West Family Investments
Carlsbad,
California
|
-$468K |
| 5 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$453K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Simplex Trading
Chicago,
Illinois
| – | -$6.04K | -82 | Closed |
|
|
SPIA
77
Steward Partners Investment Advisory
New York
| – | -$590 | -8 | -89% |
|
|
CFGS
78
Concourse Financial Group Securities
Birmingham,
Alabama
| – | +$369 | +5 | New |
|
PFX Hedge Fund Activity: Q3 2018 in Review
65 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in PhenixFIN (PFX) for Q3 2018, worth a combined $58.9M — up 22% from $48.3M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of PFX and 7 opened new positions — a net loss of 6 holders — while 27 trimmed existing stakes and 14 added.
The largest buyer was Moab Capital Partners, opening a new position worth an estimated $5.73M. The largest seller was PVG Asset Management, exiting entirely with an estimated $3.81M sold.
- 65 institutional investors held PhenixFIN (PFX) as of Q3 2018, down from 71 in Q2 2018.
- Funds reported $58.9M of PhenixFIN stock for Q3 2018, up 22% quarter-over-quarter.
- 7 funds opened new PhenixFIN positions in Q3 2018 and 13 closed out, a net change of -6 holders.
- The largest PhenixFIN buyer in Q3 2018 was Moab Capital Partners, an estimated $5.73M added.
- The largest PhenixFIN seller in Q3 2018 was PVG Asset Management, an estimated $3.81M sold.
Based on aggregated 13F filings for Q3 2018.