We are live on ! Find out more
PCF

High Income Securities Fund
PCF

38 hedge funds and large institutions have $22M invested in High Income Securities Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 16 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.92% less ownership

Funds ownership: 17.2% → 16.28% (-0.92%)

4% less capital invested

Capital invested by funds: $23M → $22M (-$956K)

5% less funds holding

Funds holding: 40 → 38 (-2)

38% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 16

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

Holders
38
Holders Change
-2
Holders Change %
-5%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
10
Reduced
16
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$1.75M
2
DA
Doliver Advisors
Texas
+$391K
3
Morgan Stanley
Morgan Stanley
New York
+$101K
4
AllianceBernstein
AllianceBernstein
Tennessee
+$64.6K
5
S
SignatureFD
Georgia
+$39.7K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$1.09M
2
AAM
Advisors Asset Management
Colorado
-$867K
3
RCM
Rivernorth Capital Management
Florida
-$343K
4
Barclays
Barclays
United Kingdom
-$278K
5
SG Americas Securities
SG Americas Securities
New York
-$239K
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
26
WFG Advisors
Texas
$87K -$9.85K -1,182 -10%
AllianceBernstein
27
AllianceBernstein
Tennessee
$65K +$64.6K +7,759 New
AIG
28
American International Group
New York
$59.4K +$26.6K +3,195 +82%
BC
29
Bartlett & Co
Ohio
$52K -$17.5K -2,100 -25%
S
30
SignatureFD
Georgia
$40K +$39.7K +4,764 New
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$29K – – –
WEC
32
Winslow Evans & Crocker
Massachusetts
$20.9K +$8.33K +1,000 +67%
Fifth Third Bancorp
33
Fifth Third Bancorp
Ohio
$19K – – –
KT
34
Kanaly Trust
Texas
$17K – – –
BBPWM
35
Blue Bell Private Wealth Management
Pennsylvania
$14K – – –
US Bancorp
36
US Bancorp
Minnesota
$6K – – –
Barclays
37
Barclays
United Kingdom
– -$278K -33,395 -100%
SG Americas Securities
38
SG Americas Securities
New York
– -$239K -28,948 Closed
CA
39
Cornerstone Advisors
North Carolina
– -$207K -25,096 Closed
VKH
40
Virtu KCG Holdings
New York
– -$170K -20,593 Closed
CAN
41
Cetera Advisor Networks
California
– -$87K -10,540 Closed
TRCT
42
Tower Research Capital (TRC)
New York
– -$18.5K -2,216 -99%
KFP
43
Keystone Financial Planning
Ohio
– -$3K -351 Closed
1
2

PCF Hedge Fund Activity: Q1 2014 in Review

38 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q1 2014, worth a combined $22M — down 4.2% from $23M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of PCF and 3 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 10 added.

The largest buyer was Saba Capital Management, adding an estimated $1.75M. The largest seller was Robinson Capital Management, cutting an estimated $1.09M.

  • 38 institutional investors held High Income Securities Fund (PCF) as of Q1 2014, down from 40 in Q4 2013.
  • Funds reported $22M of High Income Securities Fund stock for Q1 2014, down 4.2% quarter-over-quarter.
  • 3 funds opened new High Income Securities Fund positions in Q1 2014 and 5 closed out, a net change of -2 holders.
  • The largest High Income Securities Fund buyer in Q1 2014 was Saba Capital Management, an estimated $1.75M added.
  • The largest High Income Securities Fund seller in Q1 2014 was Robinson Capital Management, an estimated $1.09M sold.

Based on aggregated 13F filings for Q1 2014.