High Income Securities Fund
PCF
34 hedge funds and large institutions have $23.9M invested in High Income Securities Fund in 2016 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 4 closing their positions.
4% more capital invested
Capital invested by funds: $23M → $23.9M (+$897K)
0.17% less ownership
Funds ownership: 20.51% → 20.34% (-0.17%)
6% less funds holding
Funds holding: 36 → 34 (-2)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.42M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$566K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$240K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$180K |
| 5 |
GHAM
Gilman Hill Asset Management
New Canaan,
Connecticut
|
+$56.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.38M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$474K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$159K |
| 4 |
SCM
Saba Capital Management
New York
|
-$157K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$152K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
26
MSI Financial Services
Springfield,
Massachusetts
| $12K | – | – | – |
|
27
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| $8K | – | – | – |
|
|
CYG
28
Clean Yield Group
Norwich,
Vermont
| $6K | – | – | – |
|
|
KA
29
Klingman & Associates
New York
| $6K | – | – | – |
|
30
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
|
AIM
31
Anchor Investment Management
Columbia,
South Carolina
| $3.83K | – | – | – |
|
|
AIS
32
Accurate Investment Solutions
Seven Fields,
Pennsylvania
| $3K | – | – | – |
|
|
IA
33
IFP Advisors
Tampa,
Florida
| $2K | +$1.92K | +254 | New |
|
34
LPL Financial
San Diego,
California
| – | -$137K | -18,894 | Closed |
|
|
CSA
35
Cottage Street Advisors
Marion,
Massachusetts
| – | -$107K | -14,500 | Closed |
|
|
AG
36
Advisor Group
Phoenix,
Arizona
| – | +$483 | +64 | New |
|
PCF Hedge Fund Activity: Q2 2016 in Review
34 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q2 2016, worth a combined $23.9M — up 3.9% from $23M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PCF and 2 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 6 added.
The largest buyer was Bulldog Investors, adding an estimated $1.42M. The largest seller was Morgan Stanley, cutting an estimated $1.38M.
- 34 institutional investors held High Income Securities Fund (PCF) as of Q2 2016, down from 36 in Q1 2016.
- Funds reported $23.9M of High Income Securities Fund stock for Q2 2016, up 3.9% quarter-over-quarter.
- 2 funds opened new High Income Securities Fund positions in Q2 2016 and 4 closed out, a net change of -2 holders.
- The largest High Income Securities Fund buyer in Q2 2016 was Bulldog Investors, an estimated $1.42M added.
- The largest High Income Securities Fund seller in Q2 2016 was Morgan Stanley, an estimated $1.38M sold.
Based on aggregated 13F filings for Q2 2016.