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PhenixFIN

94 hedge funds and large institutions have $101M invested in PhenixFIN in 2016 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 27 increasing their positions, 31 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 10

8% more funds holding

Funds holding: 8794 (+7)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.06% less ownership

Funds ownership: 1.44%1.38% (-0.06%)

5% less capital invested

Capital invested by funds: $106M → $101M (-$4.77M)

13% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 31

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $172K

Holders
94
Holders Change
+7
Holders Change %
+8.05%
% of All Funds
2.51%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
17
Increased
27
Reduced
31
Closed
10
Calls
Puts
$172K
Net Calls
-$172K
Net Calls Change
-$271K
Name Holding Trade Value Shares
Change
Change in
Stake
AFG
1
American Financial Group
Ohio
$14.7M
Invesco
2
Invesco
Georgia
$12M -$139K -1,052 -1%
PAM
3
PVG Asset Management
Colorado
$8.58M -$3.83M -28,889 -31%
Morgan Stanley
4
Morgan Stanley
New York
$6.29M -$487K -3,679 -7%
CIM
5
Confluence Investment Management
Missouri
$4.4M +$664K +5,015 +18%
AllianceBernstein
6
AllianceBernstein
Tennessee
$4.19M -$1.48M -11,146 -26%
UBS Group
7
UBS Group
Switzerland
$4.03M -$963K -7,266 -19%
Bank of Montreal
8
Bank of Montreal
Ontario, Canada
$3.62M +$543K +4,100 +18%
AM
9
Ares Management
California
$3M +$2.97M +22,394 New
WFI
10
West Family Investments
California
$2.98M
MC
11
Muzinich & Co
New York
$2.71M -$246K -1,853 -8%
MP
12
Mangrove Partners
Connecticut
$2.54M
BG
13
BlackRock Group
United Kingdom
$2.11M +$266K +2,004 +15%
GC
14
Guggenheim Capital
Illinois
$2.1M +$195K +1,469 +10%
AAM
15
Advisors Asset Management
Colorado
$2.07M -$2.19M -16,499 -52%
Wells Fargo
16
Wells Fargo
California
$2M +$861K +6,502 +77%
NFA
17
Nuveen Fund Advisors
Illinois
$1.84M +$1.82M +13,763 New
VanEck Associates
18
VanEck Associates
New York
$1.7M +$165K +1,245 +11%
CAS
19
Cue Advisory Services
Arizona
$1.5M +$8.61K +65 +0.6%
PI
20
Putnam Investments
Massachusetts
$1.39M +$670K +5,054 +95%
GIM
21
Greenwich Investment Management
Connecticut
$1.23M +$793K +5,987 +186%
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$1.16M +$92K +694 +9%
SAM
23
Selway Asset Management
$1.15M
California Public Employees Retirement System
24
California Public Employees Retirement System
California
$831K -$25.8K -195 -3%
FTCM
25
First Trust Capital Management
Illinois
$787K +$158K +1,190 +25%

PFX Hedge Fund Activity: Q2 2016 in Review

94 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PhenixFIN (PFX) for Q2 2016, worth a combined $101M — down 4.5% from $106M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PFX positions and 10 closed out — a net gain of 7 holders — while 27 added to existing stakes and 31 trimmed.

The largest buyer was Ares Management, opening a new position worth an estimated $2.97M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $5.5M sold.

  • 94 institutional investors held PhenixFIN (PFX) as of Q2 2016, up from 87 in Q1 2016.
  • Funds reported $101M of PhenixFIN stock for Q2 2016, down 4.5% quarter-over-quarter.
  • 17 funds opened new PhenixFIN positions in Q2 2016 and 10 closed out, a net change of +7 holders.
  • The largest PhenixFIN buyer in Q2 2016 was Ares Management, an estimated $2.97M added.
  • The largest PhenixFIN seller in Q2 2016 was Rivernorth Capital Management, an estimated $5.5M sold.

Based on aggregated 13F filings for Q2 2016.