High Income Securities Fund
38 hedge funds and large institutions have $23.1M invested in High Income Securities Fund in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
84% more capital inflows, than outflows
Capital inflows: $2.55M | Capital outflows: $1.39M
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
9% more funds holding
Funds holding: 35 → 38 (+3)
0.09% more ownership
Funds ownership: 17.52% → 17.61% (+0.09%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$678K |
| 2 |
Advisors Asset Management
Monument,
Colorado
|
+$476K |
| 3 |
Morgan Stanley
New York
|
+$322K |
| 4 |
Landscape Capital Management
Englewood,
New Jersey
|
+$200K |
| 5 |
Virtu KCG Holdings
New York
|
+$188K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
-$387K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$276K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$206K |
| 4 |
Karpus Investment Management
Pittsford,
New York
|
-$173K |
| 5 |
Horizon Kinetics
New York
|
-$91K |
PCF Hedge Fund Activity: Q4 2014 in Review
38 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q4 2014, worth a combined $23.1M — down 2.1% from $23.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PCF positions and 3 closed out — a net gain of 5 holders — while 9 added to existing stakes and 7 trimmed.
The largest buyer was Wells Fargo, adding an estimated $678K. The largest seller was Saba Capital Management, cutting an estimated $387K.
- 38 institutional investors held High Income Securities Fund (PCF) as of Q4 2014, up from 35 in Q3 2014.
- Funds reported $23.1M of High Income Securities Fund stock for Q4 2014, down 2.1% quarter-over-quarter.
- 8 funds opened new High Income Securities Fund positions in Q4 2014 and 3 closed out, a net change of +5 holders.
- The largest High Income Securities Fund buyer in Q4 2014 was Wells Fargo, an estimated $678K added.
- The largest High Income Securities Fund seller in Q4 2014 was Saba Capital Management, an estimated $387K sold.
Based on aggregated 13F filings for Q4 2014.