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PCF

High Income Securities Fund

40 hedge funds and large institutions have $40.3M invested in High Income Securities Fund in 2017 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 9

8% more capital invested

Capital invested by funds: $37.5M → $40.3M (+$2.83M)

3.4% more ownership

Funds ownership: 32.6%36% (+3.4%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

7% less funds holding

Funds holding: 4340 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
40
Holders Change
-3
Holders Change %
-6.98%
% of All Funds
0.91%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
5
Increased
11
Reduced
9
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AG
26
Advisor Group
Arizona
$27K +$26.1K +2,900 +4,531%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$21K
TJHA
28
Thomas J. Herzfeld Advisors
Florida
$21K
BRC
29
Bell Rock Capital
Delaware
$20K
BC
30
Bartlett & Co
Ohio
$17K
BBPWM
31
Blue Bell Private Wealth Management
Pennsylvania
$15K
PA
32
Parallel Advisors
California
$14K
SWP
33
Stratos Wealth Partners
Ohio
$8K +$8.43K +936 New
VFA
34
Valeo Financial Advisors
Indiana
$7K +$7.17K +796 New
US Bancorp
35
US Bancorp
Minnesota
$6K
AIM
36
Anchor Investment Management
South Carolina
$4.51K
ADL
37
Asset Dedication LLC
California
$3K +$3K +333 New
IA
38
IFP Advisors
Florida
$2K
Walleye Trading
39
Walleye Trading
New York
$1.85K +$1.56M +173,114 +549%
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$1K
CRC
41
Curi RMB Capital
Illinois
-$447K -50,038 Closed
SFS
42
Shaker Financial Services
Virginia
-$365K -40,894 Closed
WAM
43
Wolverine Asset Management
Illinois
-$247K -27,684 Closed
LCM
44
Landscape Capital Management
New Jersey
-$175K -19,560 Closed
NPC
45
National Planning Corporation
California
-$105K -11,760 Closed
PAG
46
Private Advisor Group
New Jersey
-$98K -11,000 Closed
Fifth Third Bancorp
47
Fifth Third Bancorp
Ohio
-$9K -1,006 Closed
TRCT
48
Tower Research Capital (TRC)
New York
-$2K -193 Closed

PCF Hedge Fund Activity: Q4 2017 in Review

40 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q4 2017, worth a combined $40.3M — up 7.5% from $37.5M 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 11 added.

The largest buyer was Sit Investment Associates, adding an estimated $2.05M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $447K sold.

  • 40 institutional investors held High Income Securities Fund (PCF) as of Q4 2017, down from 43 in Q3 2017.
  • Funds reported $40.3M of High Income Securities Fund stock for Q4 2017, up 7.5% quarter-over-quarter.
  • 5 funds opened new High Income Securities Fund positions in Q4 2017 and 8 closed out, a net change of -3 holders.
  • The largest High Income Securities Fund buyer in Q4 2017 was Sit Investment Associates, an estimated $2.05M added.
  • The largest High Income Securities Fund seller in Q4 2017 was Curi RMB Capital, an estimated $447K sold.

Based on aggregated 13F filings for Q4 2017.