Phoenix Investment Adviser 13F annual report

Phoenix Investment Adviser is an investment fund managing more than $27 million ran by Lance Friedler. There are currently 29 companies in Mr. Friedler’s portfolio. The largest investments include Clear Channel Outdoor Hldgs and Bausch Health Cos, together worth $6.84 million.

$27 million Assets Under Management (AUM)

As of 7th October 2020, Phoenix Investment Adviser’s top holding is 1,617,571 shares of Clear Channel Outdoor Hldgs currently worth over $4.08 million and making up 15.1% of the portfolio value. In addition, the fund holds 126,414 shares of Bausch Health Cos worth $2.76 million, whose value fell 8.3% in the past six months. The third-largest holding is Party City Holdco worth $2.43 million and the next is Pyxus International worth $2.4 million, with 183,637 shares owned.

Currently, Phoenix Investment Adviser's portfolio is worth at least $27 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Phoenix Investment Adviser

The Phoenix Investment Adviser office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Lance Friedler serves as the General Counsel, Chief Compliance Officer at Phoenix Investment Adviser.

Recent trades

In the most recent 13F filing, Phoenix Investment Adviser revealed that it had opened a new position in Clear Channel Outdoor Hldgs and bought 1,617,571 shares worth $4.08 million.

The investment fund also strengthened its position in Bausch Health Cos by buying 121,500 additional shares. This makes their stake in Bausch Health Cos total 126,414 shares worth $2.76 million. Bausch Health Cos dropped 19.5% in the past year.

On the other hand, there are companies that Phoenix Investment Adviser is getting rid of from its portfolio. Phoenix Investment Adviser closed its position in Ishares Tr on 13th November 2019. It sold the previously owned 13,959 shares for $2.17 million. Lance Friedler also disclosed a decreased stake in Pyxus International by 0.1%. This leaves the value of the investment at $2.4 million and 183,637 shares.

One of the smallest hedge funds

The two most similar investment funds to Phoenix Investment Adviser are Kokino and Spark Investment Management. They manage $27 million and $27.3 million respectively.

Lance Friedler investment strategy

Phoenix Investment Adviser’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Health Care — making up 19.3% of the total portfolio value. The fund focuses on investments in the United States as 44.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 7% of the total holdings value. On the other hand, large-cap stocks make up only 3.4% of the portfolio. The average market cap of the portfolio companies is close to $32.7 billion.

The complete list of Phoenix Investment Adviser trades based on 13F SEC filings

These positions were updated on November 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Clear Channel Outdoor Hldgs	Opened 1,617,571	$4,076,000	15.08%
Bausch Health Cos., Inc.	2,472.53% 126,414	$2,762,000	10.22%
Party City Holdco, Inc.	963.61% 425,445	$2,429,000	8.99%
Pyxus International, Inc.	11.98% 183,637	$2,402,000	8.89%
Tenet Healthcare Corp.	2.86% 104,932	$2,321,000	8.59%
EnLink Midstream LLC	Opened 268,000	$2,278,000	8.43%
Ishares Tr	Closed 13,959	$2,171,000
Antero Midstream Corp.	Opened 292,970	$2,168,000	8.02%
Constellium SE	34.28% 88,400	$1,124,000	4.16%
Hecla Mng Co	Opened 557,391	$981,000	3.63%
YRC Worldwide, Inc.	110.49% 264,274	$798,000	2.95%
Stars Group Inc	14.02% 46,594	$698,000	2.58%
Lsc Communications Inc	Opened 462,800	$639,000	2.36%
W & T Offshore Inc	625.00% 145,000	$634,000	2.35%
RH	Closed 5,000	$578,000
Weight Watchers Intl Inc New	Closed 27,306	$522,000
WW International, Inc.	Opened 13,306	$503,000	1.86%
Berkshire Hathaway Inc.	61.54% 2,406	$500,000	1.85%
Curo Group Hldgs Corp	71.99% 35,690	$474,000	1.75%
Rite Aid Corp.	11.89% 60,000	$417,000	1.54%
Fiat Chrysler Automobiles N	Closed 30,000	$415,000
Northern Oil & Gas Inc Nev	20.00% 160,000	$314,000	1.16%
Colony Cap Inc New	No change 45,800	$276,000	1.02%
Penn Va Corp New	21.05% 7,500	$218,000	0.81%
Louisiana Pac Corp	Closed 8,000	$210,000
Spdr S&p 500 Etf Tr	No change 690	$205,000	0.76%
Vanguard Index Fds	No change 1,340	$202,000	0.75%
Contura Energy, Inc.	Closed 3,000	$156,000
Cumulus Media, Inc.	No change 7,553	$110,000	0.41%
Realogy Hldgs Corp	Opened 16,000	$107,000	0.40%
Blue Apron Holdings, Inc.	Opened 12,000	$101,000	0.37%
Ishares Tr	No change 1,580	$96,000	0.36%
Safe Bulkers, Inc.	Closed 52,000	$81,000
Diamond Offshore Drilling In	Closed 9,000	$80,000
Coherus BioSciences, Inc.	Closed 3,500	$77,000
Whiting Pete Corp New	Closed 4,000	$75,000
Ardmore Shipping Corp.	Closed 8,800	$72,000
STAAR Surgical Co.	3.85% 2,700	$70,000	0.26%
Hill-Rom Holdings, Inc.	No change 650	$68,000	0.25%
Navigator Holdings Ltd.	38.96% 4,700	$50,000	0.19%
Aerie Pharmaceuticals, Inc.	Closed 1,300	$38,000
Pioneer Energy Svcs Corp	Closed 150,000	$38,000
No transactions found
Showing first 500 out of 42 holdings