High Income Securities Fund
PCF
59 hedge funds and large institutions have $24.6M invested in High Income Securities Fund in 2025 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 11 increasing their positions, 20 reducing their positions, and 3 closing their positions.
367% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 3
23% more funds holding
Funds holding: 48 → 59 (+11)
1.46% more ownership
Funds ownership: 19.9% → 21.36% (+1.5%)
4% more capital invested
Capital invested by funds: $23.7M → $24.6M (+$933K)
45% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
+$1.04M |
| 2 |
QL
Quarry LP
New York
|
+$400K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$345K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$327K |
| 5 |
NS
NBC Securities
Birmingham,
Alabama
|
+$187K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$868K |
| 2 |
KCPT
Kingstone Capital Partners Texas
Frisco,
Texas
|
-$196K |
| 3 |
Morgan Stanley
New York
|
-$124K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$104K |
| 5 |
Jane Street
New York
|
-$71.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WC
51
Winmill & Co
Rochester,
New York
| $4.07K | – | – | – |
|
|
HWP
52
Highline Wealth Partners
Sherman Oaks,
California
| $3.69K | – | – | – |
|
|
TCOV
53
Trust Company of Vermont
Brattleboro,
Vermont
| $3.08K | – | – | – |
|
|
SFG
54
Strive Financial Group
Carmel,
Indiana
| $2.31K | +$2.33K | +375 | New |
|
|
WA
55
WPG Advisers
Baltimore,
Maryland
| $2.23K | -$149 | -24 | -6% |
|
56
Bank of America
Charlotte,
North Carolina
| $941 | – | – | – |
|
|
MCM
57
MAI Capital Management
Independence,
Ohio
| $939 | +$31 | +5 | +3% |
|
58
Comerica Bank
Dallas,
Texas
| $434 | +$137 | +22 | +45% |
|
|
CSC
59
Caldwell Sutter Capital
Sausalito,
California
| $12 | – | – | – |
|
|
HNB
60
Huntington National Bank
Columbus,
Ohio
| $9 | – | – | – |
|
|
KCPT
61
Kingstone Capital Partners Texas
Frisco,
Texas
| – | -$196K | -30,791 | Closed |
|
|
62
Jane Street
New York
| – | -$71.8K | -11,301 | Closed |
|
|
M1FG
63
Mach-1 Financial Group
Rogers,
Arkansas
| – | -$71.1K | -11,196 | Closed |
|
PCF Hedge Fund Activity: Q4 2025 in Review
59 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q4 2025, worth a combined $24.6M — up 3.9% from $23.7M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PCF positions and 3 closed out — a net gain of 11 holders — while 11 added to existing stakes and 20 trimmed.
The largest buyer was Absolute Investment Advisers, opening a new position worth an estimated $1.04M. The largest seller was LPL Financial, cutting an estimated $868K.
- 59 institutional investors held High Income Securities Fund (PCF) as of Q4 2025, up from 48 in Q3 2025.
- Funds reported $24.6M of High Income Securities Fund stock for Q4 2025, up 3.9% quarter-over-quarter.
- 14 funds opened new High Income Securities Fund positions in Q4 2025 and 3 closed out, a net change of +11 holders.
- The largest High Income Securities Fund buyer in Q4 2025 was Absolute Investment Advisers, an estimated $1.04M added.
- The largest High Income Securities Fund seller in Q4 2025 was LPL Financial, an estimated $868K sold.
Based on aggregated 13F filings for Q4 2025.