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PCF

High Income Securities Fund
PCF

38 hedge funds and large institutions have $21.9M invested in High Income Securities Fund in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

9% more funds holding

Funds holding: 35 → 38 (+3)

5% more capital invested

Capital invested by funds: $20.9M → $21.9M (+$989K)

0.21% more ownership

Funds ownership: 19.32% → 19.53% (+0.21%)

0% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 8

Holders
38
Holders Change
+3
Holders Change %
+8.57%
% of All Funds
1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
8
Reduced
8
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.4M
2
BI
Bulldog Investors
New Jersey
+$766K
3
AAM
Advisors Asset Management
Colorado
+$294K
4
SG Americas Securities
SG Americas Securities
New York
+$165K
5
GC
Guggenheim Capital
Illinois
+$154K

Top Sellers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.11M
2
SCM
Saba Capital Management
New York
-$985K
3
VKH
Virtu KCG Holdings
New York
-$257K
4
Wells Fargo
Wells Fargo
California
-$241K
5
NCMW
Northern Capital Management (Wisconsin)
Wisconsin
-$150K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
26
Citigroup
New York
$33K -$61.7K -8,391 -65%
BBPWM
27
Blue Bell Private Wealth Management
Pennsylvania
$20K – – –
Fifth Third Bancorp
28
Fifth Third Bancorp
Ohio
$16K – – –
KT
29
Kanaly Trust
Texas
$15K – – –
BC
30
Bartlett & Co
Ohio
$14K – – –
MFS
31
MSI Financial Services
Massachusetts
$11K +$588 +80 +6%
Thrivent Financial for Lutherans
32
Thrivent Financial for Lutherans
Minnesota
$7K – – –
KA
33
Klingman & Associates
New York
$6K +$5.64K +767 New
US Bancorp
34
US Bancorp
Minnesota
$5K – – –
AIS
35
Accurate Investment Solutions
Pennsylvania
$3K +$2.59K +352 New
IA
36
IFP Advisors
Florida
$2K +$1.87K +254 New
VKH
37
Virtu KCG Holdings
New York
– -$257K -36,404 Closed
NCMW
38
Northern Capital Management (Wisconsin)
Wisconsin
– -$150K -21,300 Closed
WAM
39
Wolverine Asset Management
Illinois
– -$57K -8,198 Closed
LTFS
40
Ladenburg Thalmann Financial Services
Florida
– -$8K -1,200 Closed
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
– -$4K -540 Closed
Barclays
42
Barclays
United Kingdom
– +$360 +49 New
1
2

PCF Hedge Fund Activity: Q4 2015 in Review

38 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q4 2015, worth a combined $21.9M — up 4.7% from $20.9M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new PCF positions and 6 closed out — a net gain of 3 holders — while 8 added to existing stakes and 8 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.4M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $1.11M.

  • 38 institutional investors held High Income Securities Fund (PCF) as of Q4 2015, up from 35 in Q3 2015.
  • Funds reported $21.9M of High Income Securities Fund stock for Q4 2015, up 4.7% quarter-over-quarter.
  • 9 funds opened new High Income Securities Fund positions in Q4 2015 and 6 closed out, a net change of +3 holders.
  • The largest High Income Securities Fund buyer in Q4 2015 was Morgan Stanley, an estimated $1.4M added.
  • The largest High Income Securities Fund seller in Q4 2015 was Thomas J. Herzfeld Advisors, an estimated $1.11M sold.

Based on aggregated 13F filings for Q4 2015.