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PCF

High Income Securities Fund
PCF

38 hedge funds and large institutions have $23.1M invested in High Income Securities Fund in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

29% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 7

9% more funds holding

Funds holding: 35 → 38 (+3)

0.09% more ownership

Funds ownership: 17.52% → 17.61% (+0.09%)

2% less capital invested

Capital invested by funds: $23.6M → $23.1M (-$488K)

Holders
38
Holders Change
+3
Holders Change %
+8.57%
% of All Funds
1.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
9
Reduced
7
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$678K
2
AAM
Advisors Asset Management
Colorado
+$476K
3
Morgan Stanley
Morgan Stanley
New York
+$322K
4
LCM
Landscape Capital Management
New Jersey
+$200K
5
VKH
Virtu KCG Holdings
New York
+$188K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$387K
2
SFS
Shaker Financial Services
Virginia
-$276K
3
DA
Doliver Advisors
Texas
-$206K
4
KIM
Karpus Investment Management
New York
-$173K
5
HK
Horizon Kinetics
New York
-$91K
Name Holding Trade Value Shares
Change 		Change in
Stake
S
26
SignatureFD
Georgia
$39K – – –
LTFS
27
Ladenburg Thalmann Financial Services
Florida
$28K – – –
WA
28
WFG Advisors
Texas
$22K -$64.9K -7,911 -74%
BBPWM
29
Blue Bell Private Wealth Management
Pennsylvania
$21K +$8.21K +1,000 +60%
WEC
30
Winslow Evans & Crocker
Massachusetts
$20.3K – – –
Fifth Third Bancorp
31
Fifth Third Bancorp
Ohio
$18K – – –
BC
32
Bartlett & Co
Ohio
$16K – – –
KT
33
Kanaly Trust
Texas
$16K – – –
SC
34
Searle & Co
Connecticut
$16K +$17K +2,067 New
Thrivent Financial for Lutherans
35
Thrivent Financial for Lutherans
Minnesota
$8K – – –
US Bancorp
36
US Bancorp
Minnesota
$6K – – –
KA
37
Klingman & Associates
New York
$6K +$6.3K +767 New
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$4K +$4.43K +540 New
DA
39
Doliver Advisors
Texas
– -$206K -24,701 Closed
HK
40
Horizon Kinetics
New York
– -$91K -10,960 Closed
SC
41
Scotia Capital
Ontario, Canada
– -$91K -10,950 Closed
1
2

PCF Hedge Fund Activity: Q4 2014 in Review

38 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q4 2014, worth a combined $23.1M — down 2.1% from $23.6M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PCF positions and 3 closed out — a net gain of 5 holders — while 9 added to existing stakes and 7 trimmed.

The largest buyer was Wells Fargo, adding an estimated $678K. The largest seller was Saba Capital Management, cutting an estimated $387K.

  • 38 institutional investors held High Income Securities Fund (PCF) as of Q4 2014, up from 35 in Q3 2014.
  • Funds reported $23.1M of High Income Securities Fund stock for Q4 2014, down 2.1% quarter-over-quarter.
  • 8 funds opened new High Income Securities Fund positions in Q4 2014 and 3 closed out, a net change of +5 holders.
  • The largest High Income Securities Fund buyer in Q4 2014 was Wells Fargo, an estimated $678K added.
  • The largest High Income Securities Fund seller in Q4 2014 was Saba Capital Management, an estimated $387K sold.

Based on aggregated 13F filings for Q4 2014.