High Income Securities Fund
35 hedge funds and large institutions have $23.6M invested in High Income Securities Fund in 2014 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 5 closing their positions.
124% more capital inflows, than outflows
Capital inflows: $3.4M | Capital outflows: $1.52M
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
1.37% more ownership
Funds ownership: 16.16% → 17.52% (+1.4%)
10% less funds holding
Funds holding: 39 → 35 (-4)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
+$1.72M |
| 2 |
Morgan Stanley
New York
|
+$1.08M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$415K |
| 4 |
UBS
Zurich,
Switzerland
|
+$59.4K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$42.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advisors Asset Management
Monument,
Colorado
|
-$415K |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$299K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$287K |
| 4 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$208K |
| 5 |
Virtu KCG Holdings
New York
|
-$123K |
PCF Hedge Fund Activity: Q3 2014 in Review
35 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q3 2014, worth a combined $23.6M — up 3.8% from $22.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PCF and 1 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 11 added.
The largest buyer was Saba Capital Management, adding an estimated $1.72M. The largest seller was Advisors Asset Management, cutting an estimated $415K.
- 35 institutional investors held High Income Securities Fund (PCF) as of Q3 2014, down from 39 in Q2 2014.
- Funds reported $23.6M of High Income Securities Fund stock for Q3 2014, up 3.8% quarter-over-quarter.
- 1 fund opened new High Income Securities Fund positions in Q3 2014 and 5 closed out, a net change of -4 holders.
- The largest High Income Securities Fund buyer in Q3 2014 was Saba Capital Management, an estimated $1.72M added.
- The largest High Income Securities Fund seller in Q3 2014 was Advisors Asset Management, an estimated $415K sold.
Based on aggregated 13F filings for Q3 2014.