High Income Securities Fund
PCF
38 hedge funds and large institutions have $22M invested in High Income Securities Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 16 reducing their positions, and 5 closing their positions.
0.92% less ownership
Funds ownership: 17.2% → 16.28% (-0.92%)
4% less capital invested
Capital invested by funds: $23M → $22M (-$956K)
5% less funds holding
Funds holding: 40 → 38 (-2)
38% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 16
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.75M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$391K |
| 3 |
Morgan Stanley
New York
|
+$101K |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$64.6K |
| 5 |
S
SignatureFD
Atlanta,
Georgia
|
+$39.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.09M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$867K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$343K |
| 4 |
Barclays
London,
United Kingdom
|
-$278K |
| 5 |
SG Americas Securities
New York
|
-$239K |
PCF Hedge Fund Activity: Q1 2014 in Review
38 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q1 2014, worth a combined $22M — down 4.2% from $23M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PCF and 3 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 10 added.
The largest buyer was Saba Capital Management, adding an estimated $1.75M. The largest seller was Robinson Capital Management, cutting an estimated $1.09M.
- 38 institutional investors held High Income Securities Fund (PCF) as of Q1 2014, down from 40 in Q4 2013.
- Funds reported $22M of High Income Securities Fund stock for Q1 2014, down 4.2% quarter-over-quarter.
- 3 funds opened new High Income Securities Fund positions in Q1 2014 and 5 closed out, a net change of -2 holders.
- The largest High Income Securities Fund buyer in Q1 2014 was Saba Capital Management, an estimated $1.75M added.
- The largest High Income Securities Fund seller in Q1 2014 was Robinson Capital Management, an estimated $1.09M sold.
Based on aggregated 13F filings for Q1 2014.