High Income Securities Fund
PCF
55 hedge funds and large institutions have $24.5M invested in High Income Securities Fund in 2026 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 8 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 16
2.34% more ownership
Funds ownership: 21.36% → 23.7% (+2.3%)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
0% less capital invested
Capital invested by funds: $24.6M → $24.5M (-$99.3K)
7% less funds holding
Funds holding: 59 → 55 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.06M |
| 2 |
Morgan Stanley
New York
|
+$770K |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
+$490K |
| 4 |
AC
Almitas Capital
Santa Monica,
California
|
+$461K |
| 5 |
LPL Financial
San Diego,
California
|
+$415K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$425K |
| 2 |
AIA
Absolute Investment Advisers
Rosemary Beach,
Florida
|
-$348K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$240K |
| 4 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
-$127K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$116K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
BlackRock
New York
| $878 | +$942 | +159 | New |
|
|
MCM
52
MAI Capital Management
Independence,
Ohio
| $868 | +$24 | +4 | +3% |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| $480 | +$516 | +87 | New |
|
54
Fifth Third Bancorp
Cincinnati,
Ohio
| $285 | +$308 | +52 | New |
|
|
CSC
55
Caldwell Sutter Capital
Sausalito,
California
| $11 | – | – | – |
|
|
HNB
56
Huntington National Bank
Columbus,
Ohio
| $9 | – | – | – |
|
|
SFS
57
Shaker Financial Services
Arlington,
Virginia
| – | -$425K | -69,164 | Closed |
|
|
ACA
58
Aptus Capital Advisors
Fairhope,
Alabama
| – | -$127K | -20,660 | Closed |
|
|
59
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$116K | -18,796 | Closed |
|
|
XT
60
XTX Topco
George Town,
Cayman Islands
| – | -$70.6K | -11,477 | Closed |
|
61
HighTower Advisors
Chicago,
Illinois
| – | -$65.1K | -10,582 | Closed |
|
|
ITIM
62
Indiana Trust & Investment Management
Mishawaka,
Indiana
| – | -$14.2K | -2,310 | Closed |
|
|
SFG
63
Strive Financial Group
Carmel,
Indiana
| – | -$2.31K | -375 | Closed |
|
64
Bank of America
Charlotte,
North Carolina
| – | -$941 | -153 | Closed |
|
PCF Hedge Fund Activity: Q1 2026 in Review
55 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q1 2026, worth a combined $24.5M — down 0.4% from $24.6M a quarter earlier.
Fund positioning in PCF was balanced in Q1 2026: 8 funds opened new positions, 8 closed out, 21 added to existing stakes and 16 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $1.06M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $425K sold.
- 55 institutional investors held High Income Securities Fund (PCF) as of Q1 2026, down from 59 in Q4 2025.
- Funds reported $24.5M of High Income Securities Fund stock for Q1 2026, down 0.4% quarter-over-quarter.
- 8 funds opened new High Income Securities Fund positions in Q1 2026 and 8 closed out, a net change of 0 holders.
- The largest High Income Securities Fund buyer in Q1 2026 was Saba Capital Management, an estimated $1.06M added.
- The largest High Income Securities Fund seller in Q1 2026 was Shaker Financial Services, an estimated $425K sold.
Based on aggregated 13F filings for Q1 2026.