PhenixFIN
106 hedge funds and large institutions have $277M invested in PhenixFIN in 2014 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 56 increasing their positions, 24 reducing their positions, and 30 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
133% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 24
0.3% less ownership
Funds ownership: 2.28% → 1.98% (-0.3%)
5% less capital invested
Capital invested by funds: $292M → $277M (-$16M)
11% less funds holding
Funds holding: 119 → 106 (-13)
43% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 30
80% less call options, than puts
Call options by funds: $222K | Put options by funds: $1.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$7.14M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$5.52M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$4.4M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$3.51M |
| 5 |
Morgan Stanley
New York
|
+$3.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$17.8M |
| 2 |
ClearBridge Investments
New York
|
-$14.7M |
| 3 |
State Street
Boston,
Massachusetts
|
-$8.42M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$7.6M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$6.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DTL
126
Dynamic Technology Lab
Singapore
| – | -$305K | -1,119 | Closed |
|
|
PMG
127
ProVise Management Group
Clearwater,
Florida
| – | -$284K | -1,044 | Closed |
|
128
Prudential Financial
Newark,
New Jersey
| – | -$254K | -934 | Closed |
|
|
SL
129
Summitry LLC
Foster City,
California
| – | -$158K | -580 | Closed |
|
130
UBS AM
Chicago,
Illinois
| – | -$148K | -545 | Closed |
|
131
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$148K | -543 | Closed |
|
|
ARC
132
Absolute Return Capital
Boston,
Massachusetts
| – | -$139K | -510 | Closed |
|
133
Teacher Retirement System of Texas
Austin,
Texas
| – | -$23K | -85 | Closed |
|
134
BlackRock
New York
| – | -$18K | -66 | Closed |
|
135
M&T Bank
Buffalo,
New York
| – | -$2K | -7 | Closed |
|
PFX Hedge Fund Activity: Q2 2014 in Review
106 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PhenixFIN (PFX) for Q2 2014, worth a combined $277M — down 5.5% from $292M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of PFX and 17 opened new positions — a net loss of 13 holders — while 24 trimmed existing stakes and 56 added.
The largest buyer was UBS, adding an estimated $7.14M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $17.8M sold.
- 106 institutional investors held PhenixFIN (PFX) as of Q2 2014, down from 119 in Q1 2014.
- Funds reported $277M of PhenixFIN stock for Q2 2014, down 5.5% quarter-over-quarter.
- 17 funds opened new PhenixFIN positions in Q2 2014 and 30 closed out, a net change of -13 holders.
- The largest PhenixFIN buyer in Q2 2014 was UBS, an estimated $7.14M added.
- The largest PhenixFIN seller in Q2 2014 was BlackRock Fund Advisors, an estimated $17.8M sold.
Based on aggregated 13F filings for Q2 2014.