PhenixFIN
105 hedge funds and large institutions have $207M invested in PhenixFIN in 2014 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 32 increasing their positions, 39 reducing their positions, and 26 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
0.24% more ownership
Funds ownership: 1.66% → 1.9% (+0.24%)
8% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 26
5% less funds holding
Funds holding: 110 → 105 (-5)
11% less capital invested
Capital invested by funds: $232M → $207M (-$24.4M)
18% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 39
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $405K
Top Buyers
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$11.4M |
| 2 |
AFG
American Financial Group
Cincinnati,
Ohio
|
+$10.4M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$8.35M |
| 4 |
HCM
Hilton Capital Management
Garden City,
New York
|
+$4.48M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$2.02M |
Top Sellers
| 1 |
VM
Varde Management
Minneapolis,
Minnesota
|
-$10.1M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$8.03M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.27M |
| 4 |
Millennium Management
New York
|
-$2.7M |
| 5 |
D.E. Shaw & Co
New York
|
-$2.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Bank of New York Mellon
New York
| – | -$147K | -624 | Closed |
|
127
Two Sigma Advisers
New York
| – | -$124K | -525 | Closed |
|
|
PCM
128
Prelude Capital Management
New York
| – | -$112K | -475 | Closed |
|
|
PG
129
PEAK6 Group
Chicago,
Illinois
| – | -$60K | -255 | Closed |
|
|
CTC
130
Central Trust Company
Jefferson City,
Missouri
| – | -$24K | -100 | Closed |
|
|
FNBT
131
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$24K | -100 | Closed |
|
PFX Hedge Fund Activity: Q4 2014 in Review
105 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in PhenixFIN (PFX) for Q4 2014, worth a combined $207M — down 11% from $232M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of PFX and 24 opened new positions — a net loss of 2 holders — while 39 trimmed existing stakes and 32 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $11.4M. The largest seller was Varde Management, exiting entirely with an estimated $10.1M sold.
- 105 institutional investors held PhenixFIN (PFX) as of Q4 2014, down from 110 in Q3 2014.
- Funds reported $207M of PhenixFIN stock for Q4 2014, down 11% quarter-over-quarter.
- 24 funds opened new PhenixFIN positions in Q4 2014 and 26 closed out, a net change of -2 holders.
- The largest PhenixFIN buyer in Q4 2014 was Rivernorth Capital Management, an estimated $11.4M added.
- The largest PhenixFIN seller in Q4 2014 was Varde Management, an estimated $10.1M sold.
Based on aggregated 13F filings for Q4 2014.