High Income Securities Fund
PCF
33 hedge funds and large institutions have $21.2M invested in High Income Securities Fund in 2015 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 5 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
0.31% more ownership
Funds ownership: 17.56% → 17.87% (+0.31%)
3% less capital invested
Capital invested by funds: $21.8M → $21.2M (-$590K)
8% less funds holding
Funds holding: 36 → 33 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$411K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$159K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$147K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$144K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$113K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$182K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$142K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$136K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$94K |
| 5 |
AIG
American International Group
New York
|
-$43.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
26
Searle & Co
Greenwich,
Connecticut
| $16K | – | – | – |
|
|
BC
27
Bartlett & Co
Cincinnati,
Ohio
| $15K | – | – | – |
|
28
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| $8K | – | – | – |
|
|
KA
29
Klingman & Associates
New York
| $6K | – | – | – |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $6K | +$6.26K | +771 | New |
|
31
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| $4K | – | – | – |
|
|
AIG
33
American International Group
New York
| $499 | -$43.9K | -5,400 | -99% |
|
|
CRC
34
Curi RMB Capital
Chicago,
Illinois
| – | -$142K | -17,464 | Closed |
|
|
VKH
35
Virtu KCG Holdings
New York
| – | -$94K | -11,506 | Closed |
|
|
CYG
36
Clean Yield Group
Norwich,
Vermont
| – | -$6K | -750 | Closed |
|
|
AA
37
Apriem Advisors
Irvine,
California
| – | -$6K | -748 | Closed |
|
38
Creative Planning
Overland Park,
Kansas
| – | -$1K | -100 | Closed |
|
PCF Hedge Fund Activity: Q2 2015 in Review
33 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q2 2015, worth a combined $21.2M — down 2.7% from $21.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PCF and 2 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 7 added.
The largest buyer was Landscape Capital Management, adding an estimated $411K. The largest seller was Morgan Stanley, cutting an estimated $182K.
- 33 institutional investors held High Income Securities Fund (PCF) as of Q2 2015, down from 36 in Q1 2015.
- Funds reported $21.2M of High Income Securities Fund stock for Q2 2015, down 2.7% quarter-over-quarter.
- 2 funds opened new High Income Securities Fund positions in Q2 2015 and 5 closed out, a net change of -3 holders.
- The largest High Income Securities Fund buyer in Q2 2015 was Landscape Capital Management, an estimated $411K added.
- The largest High Income Securities Fund seller in Q2 2015 was Morgan Stanley, an estimated $182K sold.
Based on aggregated 13F filings for Q2 2015.