PhenixFIN
110 hedge funds and large institutions have $232M invested in PhenixFIN in 2014 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 46 increasing their positions, 32 reducing their positions, and 16 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 32
25% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 16
4% more funds holding
Funds holding: 106 → 110 (+4)
0.31% less ownership
Funds ownership: 1.98% → 1.66% (-0.31%)
16% less capital invested
Capital invested by funds: $277M → $232M (-$44.7M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
100% less call options, than puts
Call options by funds: $4K | Put options by funds: $1.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$4.15M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.81M |
| 3 |
D.E. Shaw & Co
New York
|
+$2.8M |
| 4 |
Millennium Management
New York
|
+$2.64M |
| 5 |
MC
Menta Capital
San Francisco,
California
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
-$17.4M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$4.94M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.5M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$2.73M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$2.38M |
PFX Hedge Fund Activity: Q3 2014 in Review
110 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in PhenixFIN (PFX) for Q3 2014, worth a combined $232M — down 16% from $277M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PFX positions and 16 closed out — a net gain of 4 holders — while 46 added to existing stakes and 32 trimmed.
The largest buyer was Two Sigma Investments, opening a new position worth an estimated $4.15M. The largest seller was ClearBridge Investments, exiting entirely with an estimated $17.4M sold.
- 110 institutional investors held PhenixFIN (PFX) as of Q3 2014, up from 106 in Q2 2014.
- Funds reported $232M of PhenixFIN stock for Q3 2014, down 16% quarter-over-quarter.
- 20 funds opened new PhenixFIN positions in Q3 2014 and 16 closed out, a net change of +4 holders.
- The largest PhenixFIN buyer in Q3 2014 was Two Sigma Investments, an estimated $4.15M added.
- The largest PhenixFIN seller in Q3 2014 was ClearBridge Investments, an estimated $17.4M sold.
Based on aggregated 13F filings for Q3 2014.