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PCF

High Income Securities Fund
PCF

42 hedge funds and large institutions have $32.1M invested in High Income Securities Fund in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

38% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 8

15% more capital invested

Capital invested by funds: $28M → $32.1M (+$4.14M)

8% more funds holding

Funds holding: 39 → 42 (+3)

6.32% more ownership

Funds ownership: 22.26% → 28.59% (+6.3%)

Holders
42
Holders Change
+3
Holders Change %
+7.69%
% of All Funds
1.05%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
8
Increased
11
Reduced
8
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bulldog Investors
New Jersey
+$2.35M
2
SIA
Sit Investment Associates
Minnesota
+$1.56M
3
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
+$792K
4
RCM
Rivernorth Capital Management
Florida
+$341K
5
Ameriprise
Ameriprise
Minnesota
+$283K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.59M
2
AAM
Advisors Asset Management
Colorado
-$979K
3
GC
Guggenheim Capital
Illinois
-$482K
4
ICOA
Investment Centers of America
North Dakota
-$166K
5
UBS Group
UBS Group
Switzerland
-$125K
Name Holding Trade Value Shares
Change 		Change in
Stake
GAM
26
Gemmer Asset Management
California
$31K +$19.8K +2,317 +178%
Citigroup
27
Citigroup
New York
$25K – – –
TJHA
28
Thomas J. Herzfeld Advisors
Florida
$20K – – –
BRC
29
Bell Rock Capital
Delaware
$19K – – –
BC
30
Bartlett & Co
Ohio
$17K – – –
BBPWM
31
Blue Bell Private Wealth Management
Pennsylvania
$14K -$8.53K -1,000 -37%
PA
32
Parallel Advisors
California
$13K – – –
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$8K +$7.16K +840 +1,091%
CYG
34
Clean Yield Group
Vermont
$7K +$6.39K +750 New
US Bancorp
35
US Bancorp
Minnesota
$6K – – –
SPIA
36
Steward Partners Investment Advisory
New York
$6K +$77 +9 +1%
AIM
37
Anchor Investment Management
South Carolina
$4.33K – – –
TRCT
38
Tower Research Capital (TRC)
New York
$3K +$3.21K +377 New
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$3K +$3.41K +400 New
IA
40
IFP Advisors
Florida
$2K – – –
AG
41
Advisor Group
Arizona
$1K – – –
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$1K – – –
ICOA
43
Investment Centers of America
North Dakota
– -$166K -20,211 Closed
VKH
44
Virtu KCG Holdings
New York
– -$86K -10,447 Closed
AIS
45
Accurate Investment Solutions
Pennsylvania
– -$3K -352 Closed
1
2

PCF Hedge Fund Activity: Q1 2017 in Review

42 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q1 2017, worth a combined $32.1M — up 15% from $28M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new PCF positions and 3 closed out — a net gain of 5 holders — while 11 added to existing stakes and 8 trimmed.

The largest buyer was Bulldog Investors, adding an estimated $2.35M. The largest seller was Morgan Stanley, cutting an estimated $1.59M.

  • 42 institutional investors held High Income Securities Fund (PCF) as of Q1 2017, up from 39 in Q4 2016.
  • Funds reported $32.1M of High Income Securities Fund stock for Q1 2017, up 15% quarter-over-quarter.
  • 8 funds opened new High Income Securities Fund positions in Q1 2017 and 3 closed out, a net change of +5 holders.
  • The largest High Income Securities Fund buyer in Q1 2017 was Bulldog Investors, an estimated $2.35M added.
  • The largest High Income Securities Fund seller in Q1 2017 was Morgan Stanley, an estimated $1.59M sold.

Based on aggregated 13F filings for Q1 2017.