High Income Securities Fund
PCF
36 hedge funds and large institutions have $21.8M invested in High Income Securities Fund in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 7 closing their positions.
0.05% less ownership
Funds ownership: 17.61% → 17.56% (-0.05%)
5% less funds holding
Funds holding: 38 → 36 (-2)
6% less capital invested
Capital invested by funds: $23.1M → $21.8M (-$1.33M)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$368K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$143K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$133K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$105K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$63.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$825K |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$659K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$485K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$382K |
| 5 |
SG Americas Securities
New York
|
-$120K |
PCF Hedge Fund Activity: Q1 2015 in Review
36 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q1 2015, worth a combined $21.8M — down 5.8% from $23.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PCF and 5 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was Morgan Stanley, adding an estimated $368K. The largest seller was Saba Capital Management, cutting an estimated $825K.
- 36 institutional investors held High Income Securities Fund (PCF) as of Q1 2015, down from 38 in Q4 2014.
- Funds reported $21.8M of High Income Securities Fund stock for Q1 2015, down 5.8% quarter-over-quarter.
- 5 funds opened new High Income Securities Fund positions in Q1 2015 and 7 closed out, a net change of -2 holders.
- The largest High Income Securities Fund buyer in Q1 2015 was Morgan Stanley, an estimated $368K added.
- The largest High Income Securities Fund seller in Q1 2015 was Saba Capital Management, an estimated $825K sold.
Based on aggregated 13F filings for Q1 2015.