PhenixFIN
87 hedge funds and large institutions have $106M invested in PhenixFIN in 2016 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 22 increasing their positions, 35 reducing their positions, and 22 closing their positions.
0.2% less ownership
Funds ownership: 1.63% → 1.44% (-0.2%)
11% less funds holding
Funds holding: 98 → 87 (-11)
23% less capital invested
Capital invested by funds: $138M → $106M (-$32.5M)
37% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 35
45% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 22
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFG
American Financial Group
Cincinnati,
Ohio
|
+$3.19M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.82M |
| 3 |
Morgan Stanley
New York
|
+$1.14M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$950K |
| 5 |
WFI
West Family Investments
Carlsbad,
California
|
+$781K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.03M |
| 2 |
HCM
Hilton Capital Management
Garden City,
New York
|
-$5.22M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$1.54M |
| 5 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$1.51M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VAM
101
Verity Asset Management
Durham,
North Carolina
| – | -$83K | -552 | Closed |
|
|
SIC
102
Salem Investment Counselors
Winston Salem,
North Carolina
| – | -$80K | -529 | Closed |
|
103
Walleye Trading
New York
| – | -$57K | -380 | Closed |
|
|
WT
104
Whittier Trust
South Pasadena,
California
| – | -$53K | -354 | Closed |
|
|
ST
105
Spot Trading
Chicago,
Illinois
| – | -$47K | -314 | Closed |
|
|
AFP
106
Ausdal Financial Partners
Davenport,
Iowa
| – | -$16K | -109 | Closed |
|
|
BFEC
107
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$8K | -53 | Closed |
|
108
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$6K | -40 | Closed |
|
109
SEI Investments
Oaks,
Pennsylvania
| – | -$5K | -35 | Closed |
|
PFX Hedge Fund Activity: Q1 2016 in Review
87 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PhenixFIN (PFX) for Q1 2016, worth a combined $106M — down 23% from $138M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of PFX and 12 opened new positions — a net loss of 10 holders — while 35 trimmed existing stakes and 22 added.
The largest buyer was American Financial Group, adding an estimated $3.19M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.03M.
- 87 institutional investors held PhenixFIN (PFX) as of Q1 2016, down from 98 in Q4 2015.
- Funds reported $106M of PhenixFIN stock for Q1 2016, down 23% quarter-over-quarter.
- 12 funds opened new PhenixFIN positions in Q1 2016 and 22 closed out, a net change of -10 holders.
- The largest PhenixFIN buyer in Q1 2016 was American Financial Group, an estimated $3.19M added.
- The largest PhenixFIN seller in Q1 2016 was Rivernorth Capital Management, an estimated $6.03M sold.
Based on aggregated 13F filings for Q1 2016.