High Income Securities Fund
PCF
39 hedge funds and large institutions have $34.7M invested in High Income Securities Fund in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 8 closing their positions.
8% more capital invested
Capital invested by funds: $32.1M → $34.7M (+$2.56M)
1.83% more ownership
Funds ownership: 28.59% → 30.41% (+1.8%)
7% less funds holding
Funds holding: 42 → 39 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$1.7M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.55M |
| 3 |
WC
Whitney & Co
Rochester,
New York
|
+$1.1M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$460K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$273K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$805K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$785K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$487K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$347K |
| 5 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$234K |
PCF Hedge Fund Activity: Q2 2017 in Review
39 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q2 2017, worth a combined $34.7M — up 8% from $32.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PCF and 5 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 4 added.
The largest buyer was Grantham, Mayo, Van Otterloo & Co (GMO), adding an estimated $1.7M. The largest seller was Morgan Stanley, cutting an estimated $805K.
- 39 institutional investors held High Income Securities Fund (PCF) as of Q2 2017, down from 42 in Q1 2017.
- Funds reported $34.7M of High Income Securities Fund stock for Q2 2017, up 8% quarter-over-quarter.
- 5 funds opened new High Income Securities Fund positions in Q2 2017 and 8 closed out, a net change of -3 holders.
- The largest High Income Securities Fund buyer in Q2 2017 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $1.7M added.
- The largest High Income Securities Fund seller in Q2 2017 was Morgan Stanley, an estimated $805K sold.
Based on aggregated 13F filings for Q2 2017.