PhenixFIN
119 hedge funds and large institutions have $292M invested in PhenixFIN in 2014 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 57 increasing their positions, 24 reducing their positions, and 11 closing their positions.
145% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 11
138% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 24
16% more funds holding
Funds holding: 103 → 119 (+16)
14% more capital invested
Capital invested by funds: $256M → $292M (+$36.9M)
0.04% more ownership
Funds ownership: 2.24% → 2.28% (+0.04%)
70% less call options, than puts
Call options by funds: $188K | Put options by funds: $631K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$13.6M |
| 2 |
ClearBridge Investments
New York
|
+$4.59M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$4.42M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.78M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$4.39M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$3.06M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$2.69M |
| 4 |
Morgan Stanley
New York
|
-$2.62M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$767K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCM
126
McKinley Capital Management
Anchorage,
Alaska
| – | -$53K | -190 | Closed |
|
127
Credit Agricole
Montrouge Cedex,
France
| – | -$48K | -174 | Closed |
|
|
BCM
128
Blume Capital Management
Berkeley,
California
| – | -$15K | -54 | Closed |
|
129
BNP Paribas Financial Markets
Paris,
France
| – | -$7.2K | -26 | Closed |
|
130
US Bancorp
Minneapolis,
Minnesota
| – | +$279 | +1 | New |
|
PFX Hedge Fund Activity: Q1 2014 in Review
119 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PhenixFIN (PFX) for Q1 2014, worth a combined $292M — up 14% from $256M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new PFX positions and 11 closed out — a net gain of 16 holders — while 57 added to existing stakes and 24 trimmed.
The largest buyer was Ameriprise, adding an estimated $13.6M. The largest seller was Kennedy Capital Management, cutting an estimated $4.39M.
- 119 institutional investors held PhenixFIN (PFX) as of Q1 2014, up from 103 in Q4 2013.
- Funds reported $292M of PhenixFIN stock for Q1 2014, up 14% quarter-over-quarter.
- 27 funds opened new PhenixFIN positions in Q1 2014 and 11 closed out, a net change of +16 holders.
- The largest PhenixFIN buyer in Q1 2014 was Ameriprise, an estimated $13.6M added.
- The largest PhenixFIN seller in Q1 2014 was Kennedy Capital Management, an estimated $4.39M sold.
Based on aggregated 13F filings for Q1 2014.