High Income Securities Fund
PCF
35 hedge funds and large institutions have $23.6M invested in High Income Securities Fund in 2014 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 5 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
1.37% more ownership
Funds ownership: 16.16% → 17.52% (+1.4%)
4% more capital invested
Capital invested by funds: $22.7M → $23.6M (+$865K)
10% less funds holding
Funds holding: 39 → 35 (-4)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.72M |
| 2 |
Morgan Stanley
New York
|
+$1.08M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$415K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$59.4K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$42.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$415K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$299K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$287K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$208K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$123K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| $46K | +$34K | +3,995 | +256% |
|
|
S
27
SignatureFD
Atlanta,
Georgia
| $40K | – | – | – |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $29K | – | – | – |
|
|
WEC
29
Winslow Evans & Crocker
Boston,
Massachusetts
| $20.8K | – | – | – |
|
30
Fifth Third Bancorp
Cincinnati,
Ohio
| $19K | – | – | – |
|
|
KT
31
Kanaly Trust
Houston,
Texas
| $17K | – | – | – |
|
|
BC
32
Bartlett & Co
Cincinnati,
Ohio
| $16K | -$36.4K | -4,271 | -69% |
|
|
BBPWM
33
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $14K | – | – | – |
|
34
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| $8K | +$8.52K | +1,000 | New |
|
35
US Bancorp
Minneapolis,
Minnesota
| $6K | – | – | – |
|
|
TC
36
TFS Capital
West Chester,
Pennsylvania
| – | -$287K | -32,981 | Closed |
|
|
RCM
37
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$208K | -23,832 | Closed |
|
|
VKH
38
Virtu KCG Holdings
New York
| – | -$123K | -14,128 | Closed |
|
PCF Hedge Fund Activity: Q3 2014 in Review
35 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q3 2014, worth a combined $23.6M — up 3.8% from $22.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PCF and 1 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 11 added.
The largest buyer was Saba Capital Management, adding an estimated $1.72M. The largest seller was Advisors Asset Management, cutting an estimated $415K.
- 35 institutional investors held High Income Securities Fund (PCF) as of Q3 2014, down from 39 in Q2 2014.
- Funds reported $23.6M of High Income Securities Fund stock for Q3 2014, up 3.8% quarter-over-quarter.
- 1 fund opened new High Income Securities Fund positions in Q3 2014 and 5 closed out, a net change of -4 holders.
- The largest High Income Securities Fund buyer in Q3 2014 was Saba Capital Management, an estimated $1.72M added.
- The largest High Income Securities Fund seller in Q3 2014 was Advisors Asset Management, an estimated $415K sold.
Based on aggregated 13F filings for Q3 2014.