High Income Securities Fund
PCF
31 hedge funds and large institutions have $48.1M invested in High Income Securities Fund in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 6 closing their positions.
0.3% more ownership
Funds ownership: 41.45% → 41.75% (+0.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 32 → 31 (-1)
5% less capital invested
Capital invested by funds: $50.9M → $48.1M (-$2.79M)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.72M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$955K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$827K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$493K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$97.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.23M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$679K |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$382K |
| 4 |
GHAM
Gilman Hill Asset Management
New Canaan,
Connecticut
|
-$166K |
| 5 |
Morgan Stanley
New York
|
-$130K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BC
26
Bartlett & Co
Cincinnati,
Ohio
| $8K | -$9.7K | -1,039 | -54% |
|
|
VFA
27
Valeo Financial Advisors
Carmel,
Indiana
| $7K | – | – | – |
|
|
FHB
28
First Hawaiian Bank
Honolulu,
Hawaii
| $6K | +$6.07K | +650 | New |
|
|
AIM
29
Anchor Investment Management
Columbia,
South Carolina
| $4.45K | – | – | – |
|
30
Royal Bank of Canada
Toronto,
Ontario, Canada
| $4K | -$18.7K | -2,000 | -83% |
|
|
AG
31
Advisor Group
Phoenix,
Arizona
| $1K | – | – | – |
|
|
CCP
32
Clough Capital Partners
Boston,
Massachusetts
| – | -$382K | -40,334 | Closed |
|
|
GHAM
33
Gilman Hill Asset Management
New Canaan,
Connecticut
| – | -$166K | -17,500 | Closed |
|
|
PAG
34
Private Advisor Group
Morristown,
New Jersey
| – | -$125K | -13,200 | Closed |
|
|
SWP
35
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$4K | -468 | Closed |
|
|
IA
36
IFP Advisors
Tampa,
Florida
| – | -$2K | -254 | Closed |
|
PCF Hedge Fund Activity: Q4 2018 in Review
31 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q4 2018, worth a combined $48.1M — down 5.5% from $50.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PCF and 5 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 8 added.
The largest buyer was Icon Advisers, adding an estimated $1.72M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.23M.
- 31 institutional investors held High Income Securities Fund (PCF) as of Q4 2018, down from 32 in Q3 2018.
- Funds reported $48.1M of High Income Securities Fund stock for Q4 2018, down 5.5% quarter-over-quarter.
- 5 funds opened new High Income Securities Fund positions in Q4 2018 and 6 closed out, a net change of -1 holder.
- The largest High Income Securities Fund buyer in Q4 2018 was Icon Advisers, an estimated $1.72M added.
- The largest High Income Securities Fund seller in Q4 2018 was Rivernorth Capital Management, an estimated $2.23M sold.
Based on aggregated 13F filings for Q4 2018.