High Income Securities Fund
PCF
39 hedge funds and large institutions have $25.9M invested in High Income Securities Fund in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
15% more funds holding
Funds holding: 34 → 39 (+5)
9% more capital invested
Capital invested by funds: $23.9M → $25.9M (+$2.04M)
0.77% more ownership
Funds ownership: 20.34% → 21.11% (+0.77%)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.77M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$603K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$191K |
| 4 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$165K |
| 5 |
LPL Financial
San Diego,
California
|
+$115K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.12M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$724K |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$173K |
| 4 |
SCM
Saba Capital Management
New York
|
-$95.2K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$20.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TJHA
26
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| $19K | – | – | – |
|
|
JFA
27
JNBA Financial Advisors
Bloomington,
Minnesota
| $19K | +$18.7K | +2,356 | New |
|
28
Fifth Third Bancorp
Cincinnati,
Ohio
| $16K | -$1.78K | -224 | -10% |
|
|
BC
29
Bartlett & Co
Cincinnati,
Ohio
| $16K | – | – | – |
|
|
KT
30
Kanaly Trust
Houston,
Texas
| $16K | – | – | – |
|
|
MFS
31
MSI Financial Services
Springfield,
Massachusetts
| $12K | -$636 | -80 | -5% |
|
|
CYG
32
Clean Yield Group
Norwich,
Vermont
| $6K | – | – | – |
|
|
KA
33
Klingman & Associates
New York
| $6K | – | – | – |
|
34
US Bancorp
Minneapolis,
Minnesota
| $6K | – | – | – |
|
|
AIM
35
Anchor Investment Management
Columbia,
South Carolina
| $4.01K | – | – | – |
|
|
AIS
36
Accurate Investment Solutions
Seven Fields,
Pennsylvania
| $3K | – | – | – |
|
|
IA
37
IFP Advisors
Tampa,
Florida
| $2K | – | – | – |
|
|
AG
38
Advisor Group
Phoenix,
Arizona
| $1K | – | – | – |
|
|
TRCT
39
Tower Research Capital (TRC)
New York
| $1K | +$1.15K | +145 | New |
|
40
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$8K | -1,000 | Closed |
|
PCF Hedge Fund Activity: Q3 2016 in Review
39 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q3 2016, worth a combined $25.9M — up 8.5% from $23.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PCF positions and 1 closed out — a net gain of 5 holders — while 7 added to existing stakes and 9 trimmed.
The largest buyer was Bulldog Investors, adding an estimated $1.77M. The largest seller was Morgan Stanley, cutting an estimated $1.12M.
- 39 institutional investors held High Income Securities Fund (PCF) as of Q3 2016, up from 34 in Q2 2016.
- Funds reported $25.9M of High Income Securities Fund stock for Q3 2016, up 8.5% quarter-over-quarter.
- 6 funds opened new High Income Securities Fund positions in Q3 2016 and 1 closed out, a net change of +5 holders.
- The largest High Income Securities Fund buyer in Q3 2016 was Bulldog Investors, an estimated $1.77M added.
- The largest High Income Securities Fund seller in Q3 2016 was Morgan Stanley, an estimated $1.12M sold.
Based on aggregated 13F filings for Q3 2016.