High Income Securities Fund
PCF
40 hedge funds and large institutions have $23M invested in High Income Securities Fund in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
11% more funds holding
Funds holding: 36 → 40 (+4)
0.17% less ownership
Funds ownership: 17.38% → 17.2% (-0.17%)
1% less capital invested
Capital invested by funds: $23.3M → $23M (-$345K)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.49M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$632K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$509K |
| 4 |
SG Americas Securities
New York
|
+$236K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$168K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.52M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.43M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$726K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$547K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$365K |
PCF Hedge Fund Activity: Q4 2013 in Review
40 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q4 2013, worth a combined $23M — down 1.5% from $23.3M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PCF positions and 7 closed out — a net gain of 5 holders — while 8 added to existing stakes and 10 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $1.49M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $2.52M sold.
- 40 institutional investors held High Income Securities Fund (PCF) as of Q4 2013, up from 36 in Q3 2013.
- Funds reported $23M of High Income Securities Fund stock for Q4 2013, down 1.5% quarter-over-quarter.
- 12 funds opened new High Income Securities Fund positions in Q4 2013 and 7 closed out, a net change of +5 holders.
- The largest High Income Securities Fund buyer in Q4 2013 was Saba Capital Management, an estimated $1.49M added.
- The largest High Income Securities Fund seller in Q4 2013 was Shaker Financial Services, an estimated $2.52M sold.
Based on aggregated 13F filings for Q4 2013.