High Income Securities Fund
PCF
35 hedge funds and large institutions have $20.9M invested in High Income Securities Fund in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
6% more funds holding
Funds holding: 33 → 35 (+2)
1.45% more ownership
Funds ownership: 17.87% → 19.32% (+1.4%)
1% less capital invested
Capital invested by funds: $21.2M → $20.9M (-$292K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.27M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$993K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$273K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$272K |
| 5 |
NCMW
Northern Capital Management (Wisconsin)
Madison,
Wisconsin
|
+$160K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$694K |
| 2 |
TCM
Texan Capital Management
Houston,
Texas
|
-$292K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$236K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$128K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$119K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Fifth Third Bancorp
Cincinnati,
Ohio
| $16K | – | – | – |
|
|
BC
27
Bartlett & Co
Cincinnati,
Ohio
| $14K | – | – | – |
|
|
KT
28
Kanaly Trust
Houston,
Texas
| $14K | – | – | – |
|
|
MFS
29
MSI Financial Services
Springfield,
Massachusetts
| $10K | +$10.8K | +1,442 | New |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| $8K | +$8.99K | +1,200 | New |
|
31
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| $7K | – | – | – |
|
|
KA
32
Klingman & Associates
New York
| $5K | -$5.74K | -767 | Closed |
|
33
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
34
Royal Bank of Canada
Toronto,
Ontario, Canada
| $4K | – | – | – |
|
|
TCM
35
Texan Capital Management
Houston,
Texas
| – | -$292K | -57,350 | Closed |
|
|
SFS
36
Shaker Financial Services
Arlington,
Virginia
| – | -$119K | -15,282 | Closed |
|
|
SC
37
Searle & Co
Greenwich,
Connecticut
| – | -$16K | -2,067 | Closed |
|
|
TRCT
38
Tower Research Capital (TRC)
New York
| – | -$5.68K | -759 | -98% |
|
PCF Hedge Fund Activity: Q3 2015 in Review
35 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q3 2015, worth a combined $20.9M — down 1.4% from $21.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PCF positions and 4 closed out — a net gain of 2 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.27M. The largest seller was Advisors Asset Management, cutting an estimated $694K.
- 35 institutional investors held High Income Securities Fund (PCF) as of Q3 2015, up from 33 in Q2 2015.
- Funds reported $20.9M of High Income Securities Fund stock for Q3 2015, down 1.4% quarter-over-quarter.
- 6 funds opened new High Income Securities Fund positions in Q3 2015 and 4 closed out, a net change of +2 holders.
- The largest High Income Securities Fund buyer in Q3 2015 was Morgan Stanley, an estimated $1.27M added.
- The largest High Income Securities Fund seller in Q3 2015 was Advisors Asset Management, an estimated $694K sold.
Based on aggregated 13F filings for Q3 2015.