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PCF

High Income Securities Fund
PCF

43 hedge funds and large institutions have $37.5M invested in High Income Securities Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 0 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 9

10% more funds holding

Funds holding: 39 → 43 (+4)

8% more capital invested

Capital invested by funds: $34.7M → $37.5M (+$2.78M)

2.19% more ownership

Funds ownership: 30.41% → 32.6% (+2.2%)

Holders
43
Holders Change
+4
Holders Change %
+10.26%
% of All Funds
1.07%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
4
Increased
12
Reduced
9
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$2.71M
2
Wells Fargo
Wells Fargo
California
+$532K
3
BI
Bulldog Investors
New Jersey
+$333K
4
Walleye Trading
Walleye Trading
New York
+$278K
5
WAM
Wolverine Asset Management
Illinois
+$244K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$2.6M
2
Morgan Stanley
Morgan Stanley
New York
-$89K
3
Invesco
Invesco
Georgia
-$52.5K
4
UBS Group
UBS Group
Switzerland
-$24K
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$21.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
CHAM
26
Clear Harbor Asset Management
Connecticut
$102K – – –
PAG
27
Private Advisor Group
New Jersey
$98K – – –
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$93K -$8.81K -1,000 -9%
TJHA
29
Thomas J. Herzfeld Advisors
Florida
$21K – – –
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$21K +$16.9K +1,916 +479%
BRC
31
Bell Rock Capital
Delaware
$20K – – –
BC
32
Bartlett & Co
Ohio
$17K – – –
BBPWM
33
Blue Bell Private Wealth Management
Pennsylvania
$15K – – –
PA
34
Parallel Advisors
California
$13K – – –
Fifth Third Bancorp
35
Fifth Third Bancorp
Ohio
$9K – – –
US Bancorp
36
US Bancorp
Minnesota
$6K – – –
AIM
37
Anchor Investment Management
South Carolina
$4.46K – – –
TRCT
38
Tower Research Capital (TRC)
New York
$2K -$123 -14 -7%
IA
39
IFP Advisors
Florida
$2K – – –
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$1K -$7.4K -840 -92%
AG
41
Advisor Group
Arizona
$1K – – –
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$1K – – –
Walleye Trading
43
Walleye Trading
New York
$282 +$278K +31,530 New
1
2

PCF Hedge Fund Activity: Q3 2017 in Review

43 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q3 2017, worth a combined $37.5M — up 8% from $34.7M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new PCF positions and 0 closed out — a net gain of 4 holders — while 12 added to existing stakes and 9 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $2.71M. The largest seller was Saba Capital Management, cutting an estimated $2.6M.

  • 43 institutional investors held High Income Securities Fund (PCF) as of Q3 2017, up from 39 in Q2 2017.
  • Funds reported $37.5M of High Income Securities Fund stock for Q3 2017, up 8% quarter-over-quarter.
  • 4 funds opened new High Income Securities Fund positions in Q3 2017 and 0 closed out, a net change of +4 holders.
  • The largest High Income Securities Fund buyer in Q3 2017 was Sit Investment Associates, an estimated $2.71M added.
  • The largest High Income Securities Fund seller in Q3 2017 was Saba Capital Management, an estimated $2.6M sold.

Based on aggregated 13F filings for Q3 2017.