High Income Securities Fund
PCF
20 hedge funds and large institutions have $8.55M invested in High Income Securities Fund in 2019 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 9 reducing their positions, and 12 closing their positions.
34.43% less ownership
Funds ownership: 41.75% → 7.32% (-34%)
35% less funds holding
Funds holding: 31 → 20 (-11)
82% less capital invested
Capital invested by funds: $48.1M → $8.55M (-$39.5M)
89% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 9
92% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TSS
Two Sigma Securities
New York
|
+$128K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$70.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$15M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.8M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.77M |
| 4 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$5.09M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.15M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$93K | -10,442 | Closed |
|
|
CFGS
27
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$21.7K | -2,400 | Closed |
|
28
Citigroup
New York
| – | -$9K | -1,006 | Closed |
|
|
BC
29
Bartlett & Co
Cincinnati,
Ohio
| – | -$8K | -900 | Closed |
|
|
BCWM
30
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| – | -$8.01K | -900 | Closed |
|
|
AIM
31
Anchor Investment Management
Columbia,
South Carolina
| – | -$4.45K | -500 | Closed |
|
|
AG
32
Advisor Group
Phoenix,
Arizona
| – | -$1K | -64 | Closed |
|
PCF Hedge Fund Activity: Q1 2019 in Review
20 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q1 2019, worth a combined $8.55M — down 82% from $48.1M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PCF and 1 opened new positions — a net loss of 11 holders — while 9 trimmed existing stakes and 1 added.
The largest buyer was Two Sigma Securities, opening a new position worth an estimated $128K. The largest seller was Bulldog Investors, cutting an estimated $15M.
- 20 institutional investors held High Income Securities Fund (PCF) as of Q1 2019, down from 31 in Q4 2018.
- Funds reported $8.55M of High Income Securities Fund stock for Q1 2019, down 82% quarter-over-quarter.
- 1 fund opened new High Income Securities Fund positions in Q1 2019 and 12 closed out, a net change of -11 holders.
- The largest High Income Securities Fund buyer in Q1 2019 was Two Sigma Securities, an estimated $128K added.
- The largest High Income Securities Fund seller in Q1 2019 was Bulldog Investors, an estimated $15M sold.
Based on aggregated 13F filings for Q1 2019.