High Income Securities Fund
PCF
25 hedge funds and large institutions have $8.06M invested in High Income Securities Fund in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 5 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
49% more capital invested
Capital invested by funds: $5.42M → $8.06M (+$2.64M)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
14.56% more ownership
Funds ownership: 7.88% → 22.43% (+15%)
4% more funds holding
Funds holding: 24 → 25 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.31M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$618K |
| 3 |
Morgan Stanley
New York
|
+$523K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$396K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
+$277K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.05M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$195K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$129K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$113K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$84K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RJFSA
26
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$84K | -10,128 | Closed |
|
|
NFG
27
Next Financial Group
Houston,
Texas
| – | -$45.8K | -5,500 | Closed |
|
28
Citigroup
New York
| – | -$19K | -2,240 | Closed |
|
|
M
29
MOTCO
San Antonio,
Texas
| – | -$7K | -814 | Closed |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| – | +$25 | +3 | New |
|
PCF Hedge Fund Activity: Q3 2019 in Review
25 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q3 2019, worth a combined $8.06M — up 49% from $5.42M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PCF positions and 5 closed out — a net gain of 1 holder — while 8 added to existing stakes and 5 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.31M. The largest seller was Advisors Asset Management, cutting an estimated $1.05M.
- 25 institutional investors held High Income Securities Fund (PCF) as of Q3 2019, up from 24 in Q2 2019.
- Funds reported $8.06M of High Income Securities Fund stock for Q3 2019, up 49% quarter-over-quarter.
- 6 funds opened new High Income Securities Fund positions in Q3 2019 and 5 closed out, a net change of +1 holder.
- The largest High Income Securities Fund buyer in Q3 2019 was Rivernorth Capital Management, an estimated $1.31M added.
- The largest High Income Securities Fund seller in Q3 2019 was Advisors Asset Management, an estimated $1.05M sold.
Based on aggregated 13F filings for Q3 2019.