Who owns PhenixFIN (PFX)
Which tracked institutional funds hold PFX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PFX company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
1 tracked fund added or opened PFX while 2 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
PFX’s largest tracked holder by dollar value, Adalta Capital Management LLC, sizes it at 3.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PFX divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 11 tracked filers holding PFX, 2 increased or opened the position and 9 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in PFX between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
Full exits 2
- 22NW, LP$2M
- RAYMOND JAMES FINANCIAL INC$935K
Largest adds
- Adalta Capital Management LLC$653K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Adalta Capital Management LLC added | 176,569 | $8M | 44.9% | 2026-Q2 |
| AMERICAN FINANCIAL GROUP INC | 64,327 | $3M | 16.4% | 2026-Q2 |
| MORGAN STANLEY trimmed | 54,462 | $2M | 13.8% | 2026-Q2 |
| Bulldog Investors, LLP | 19,218 | $818K | 4.9% | 2026-Q2 |
| Legal & General Group Plc | 15,140 | $655K | 3.9% | 2026-Q2 |
| OSAIC HOLDINGS, INC. | 400 | $17K | 0.1% | 2026-Q2 |
| Allworth Financial LP | 286 | $12K | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 250 | $11K | 0.1% | 2026-Q2 |
| UBS Group AG trimmed | 130 | $6K | 0.0% | 2026-Q2 |
| IFG Advisory, LLC new | 7 | $298 | 0.0% | 2026-Q2 |
| US BANCORP \DE\ | 3 | $128 | 0.0% | 2026-Q2 |
| 22NW, LP trimmed | 43,115 | $2M | 10.1% | 2026-Q1 stale (1 quarter behind) |
| RAYMOND JAMES FINANCIAL INC added | 23,938 | $935K | 5.6% | 2026-Q1 stale (1 quarter behind) |
| Legacy Wealth Managment, LLC/ID | 200 | $8K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Archer Investment Corp | 126 | $5K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Sound Income Strategies, LLC | 78 | $3K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| MAI Capital Management | 11 | $430 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| BANK OF AMERICA CORP /DE/ | 108 | $5K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| ROYAL BANK OF CANADA trimmed | 50 | $2K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Legacy Investment Solutions, LLC | 200 | $10K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.