High Income Securities Fund
PCF
40 hedge funds and large institutions have $37.4M invested in High Income Securities Fund in 2022 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 7 reducing their positions, and 5 closing their positions.
143% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 7
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
5% more funds holding
Funds holding: 38 → 40 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.05% less ownership
Funds ownership: 53.81% → 49.76% (-4%)
15% less capital invested
Capital invested by funds: $44.2M → $37.4M (-$6.77M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.06M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$230K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$223K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$216K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$191K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.69M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.15M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$320K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$273K |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$215K |
PCF Hedge Fund Activity: Q1 2022 in Review
40 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q1 2022, worth a combined $37.4M — down 15% from $44.2M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PCF positions and 5 closed out — a net gain of 2 holders — while 17 added to existing stakes and 7 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.06M. The largest seller was Sit Investment Associates, cutting an estimated $3.69M.
- 40 institutional investors held High Income Securities Fund (PCF) as of Q1 2022, up from 38 in Q4 2021.
- Funds reported $37.4M of High Income Securities Fund stock for Q1 2022, down 15% quarter-over-quarter.
- 7 funds opened new High Income Securities Fund positions in Q1 2022 and 5 closed out, a net change of +2 holders.
- The largest High Income Securities Fund buyer in Q1 2022 was Rivernorth Capital Management, an estimated $1.06M added.
- The largest High Income Securities Fund seller in Q1 2022 was Sit Investment Associates, an estimated $3.69M sold.
Based on aggregated 13F filings for Q1 2022.