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PCF

High Income Securities Fund
PCF

39 hedge funds and large institutions have $28M invested in High Income Securities Fund in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $25.9M → $28M (+$2.07M)

1.16% more ownership

Funds ownership: 21.11% → 22.26% (+1.2%)

0% more funds holding

Funds holding: 39 → 39 (0)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

55% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 11

Holders
39
Holders Change
–
Holders Change %
0%
% of All Funds
0.97%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
5
Reduced
11
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bulldog Investors
New Jersey
+$5.07M
2
AA
Advisory Alpha
Michigan
+$172K
3
Invesco
Invesco
Georgia
+$122K
4
PAG
Private Advisor Group
New Jersey
+$87.2K
5
VKH
Virtu KCG Holdings
New York
+$82.8K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$2.82M
2
GC
Guggenheim Capital
Illinois
-$534K
3
SCM
Saba Capital Management
New York
-$221K
4
CRC
Curi RMB Capital
Illinois
-$193K
5
LCM
Landscape Capital Management
New Jersey
-$175K
Name Holding Trade Value Shares
Change 		Change in
Stake
BRC
26
Bell Rock Capital
Delaware
$18K +$17.6K +2,225 New
BC
27
Bartlett & Co
Ohio
$16K – – –
KT
28
Kanaly Trust
Texas
$16K – – –
MFS
29
MSI Financial Services
Massachusetts
$12K – – –
PA
30
Parallel Advisors
California
$12K +$11.9K +1,500 New
GAM
31
Gemmer Asset Management
California
$11K +$10.3K +1,300 New
US Bancorp
32
US Bancorp
Minnesota
$6K – – –
SPIA
33
Steward Partners Investment Advisory
New York
$6K +$6.03K +761 New
AIM
34
Anchor Investment Management
South Carolina
$4.1K – – –
AIS
35
Accurate Investment Solutions
Pennsylvania
$3K – – –
IA
36
IFP Advisors
Florida
$2K – – –
AG
37
Advisor Group
Arizona
$1K – – –
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$1K +$611 +77 New
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$1K +$1.25K +158 New
RCM
40
Rivernorth Capital Management
Florida
– -$2.82M -351,733 Closed
CRC
41
Curi RMB Capital
Illinois
– -$193K -24,060 Closed
AA
42
AQR Arbitrage
Connecticut
– -$86K -10,692 Closed
JFA
43
JNBA Financial Advisors
Minnesota
– -$19K -2,356 Closed
S
44
SignatureFD
Georgia
– -$19K -2,356 Closed
Fifth Third Bancorp
45
Fifth Third Bancorp
Ohio
– -$16K -2,000 Closed
KA
46
Klingman & Associates
New York
– -$6K -767 Closed
CYG
47
Clean Yield Group
Vermont
– -$6K -750 Closed
TRCT
48
Tower Research Capital (TRC)
New York
– -$1K -145 Closed
1
2

PCF Hedge Fund Activity: Q4 2016 in Review

39 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q4 2016, worth a combined $28M — up 8% from $25.9M a quarter earlier.

Fund positioning in PCF was balanced in Q4 2016: 9 funds opened new positions, 9 closed out, 5 added to existing stakes and 11 trimmed.

The largest buyer was Bulldog Investors, adding an estimated $5.07M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.82M sold.

  • 39 institutional investors held High Income Securities Fund (PCF) as of Q4 2016, unchanged from Q3 2016.
  • Funds reported $28M of High Income Securities Fund stock for Q4 2016, up 8% quarter-over-quarter.
  • 9 funds opened new High Income Securities Fund positions in Q4 2016 and 9 closed out, a net change of 0 holders.
  • The largest High Income Securities Fund buyer in Q4 2016 was Bulldog Investors, an estimated $5.07M added.
  • The largest High Income Securities Fund seller in Q4 2016 was Rivernorth Capital Management, an estimated $2.82M sold.

Based on aggregated 13F filings for Q4 2016.