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PCF

High Income Securities Fund
PCF

39 hedge funds and large institutions have $22.7M invested in High Income Securities Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

3% more funds holding

Funds holding: 38 → 39 (+1)

3% more capital invested

Capital invested by funds: $22M → $22.7M (+$683K)

0.13% less ownership

Funds ownership: 16.28% → 16.16% (-0.13%)

46% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 13

Holders
39
Holders Change
+1
Holders Change %
+2.63%
% of All Funds
1.12%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
7
Reduced
13
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$590K
2
SCM
Saba Capital Management
New York
+$413K
3
SFS
Shaker Financial Services
Virginia
+$412K
4
TC
TFS Capital
Pennsylvania
+$281K
5
VKH
Virtu KCG Holdings
New York
+$121K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$595K
2
AAM
Advisors Asset Management
Colorado
-$310K
3
KIM
Karpus Investment Management
New York
-$306K
4
RCM
Rivernorth Capital Management
Florida
-$195K
5
DA
Doliver Advisors
Texas
-$151K
Name Holding Trade Value Shares
Change 		Change in
Stake
GHAM
26
Gilman Hill Asset Management
Connecticut
$94K – – –
WA
27
WFG Advisors
Texas
$92K +$913 +107 +1%
AIG
28
American International Group
New York
$73.5K +$11.5K +1,342 +19%
BC
29
Bartlett & Co
Ohio
$54K – – –
S
30
SignatureFD
Georgia
$41K – – –
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$30K – – –
WEC
32
Winslow Evans & Crocker
Massachusetts
$21.8K – – –
Fifth Third Bancorp
33
Fifth Third Bancorp
Ohio
$19K – – –
KT
34
Kanaly Trust
Texas
$17K – – –
BBPWM
35
Blue Bell Private Wealth Management
Pennsylvania
$15K – – –
WAM
36
Wolverine Asset Management
Illinois
$13K +$13.3K +1,559 New
US Bancorp
37
US Bancorp
Minnesota
$6K – – –
LPL Financial
38
LPL Financial
California
– -$120K -14,381 Closed
Invesco
39
Invesco
Georgia
– -$100K -11,920 Closed
AllianceBernstein
40
AllianceBernstein
Tennessee
– -$65K -7,759 Closed
Barclays
41
Barclays
United Kingdom
– +$26 +3 +5%
1
2

PCF Hedge Fund Activity: Q2 2014 in Review

39 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q2 2014, worth a combined $22.7M — up 3.1% from $22M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new PCF positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 13 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $590K. The largest seller was Wells Fargo, cutting an estimated $595K.

  • 39 institutional investors held High Income Securities Fund (PCF) as of Q2 2014, up from 38 in Q1 2014.
  • Funds reported $22.7M of High Income Securities Fund stock for Q2 2014, up 3.1% quarter-over-quarter.
  • 4 funds opened new High Income Securities Fund positions in Q2 2014 and 3 closed out, a net change of +1 holder.
  • The largest High Income Securities Fund buyer in Q2 2014 was Morgan Stanley, an estimated $590K added.
  • The largest High Income Securities Fund seller in Q2 2014 was Wells Fargo, an estimated $595K sold.

Based on aggregated 13F filings for Q2 2014.