High Income Securities Fund
PCF
39 hedge funds and large institutions have $22.7M invested in High Income Securities Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
3% more funds holding
Funds holding: 38 → 39 (+1)
3% more capital invested
Capital invested by funds: $22M → $22.7M (+$683K)
0.13% less ownership
Funds ownership: 16.28% → 16.16% (-0.13%)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$590K |
| 2 |
SCM
Saba Capital Management
New York
|
+$413K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$412K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$281K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$121K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$595K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$310K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$306K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$195K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$151K |
PCF Hedge Fund Activity: Q2 2014 in Review
39 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q2 2014, worth a combined $22.7M — up 3.1% from $22M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PCF positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 13 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $590K. The largest seller was Wells Fargo, cutting an estimated $595K.
- 39 institutional investors held High Income Securities Fund (PCF) as of Q2 2014, up from 38 in Q1 2014.
- Funds reported $22.7M of High Income Securities Fund stock for Q2 2014, up 3.1% quarter-over-quarter.
- 4 funds opened new High Income Securities Fund positions in Q2 2014 and 3 closed out, a net change of +1 holder.
- The largest High Income Securities Fund buyer in Q2 2014 was Morgan Stanley, an estimated $590K added.
- The largest High Income Securities Fund seller in Q2 2014 was Wells Fargo, an estimated $595K sold.
Based on aggregated 13F filings for Q2 2014.