High Income Securities Fund
PCF
38 hedge funds and large institutions have $21.9M invested in High Income Securities Fund in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
9% more funds holding
Funds holding: 35 → 38 (+3)
5% more capital invested
Capital invested by funds: $20.9M → $21.9M (+$989K)
0.21% more ownership
Funds ownership: 19.32% → 19.53% (+0.21%)
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.4M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$766K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$294K |
| 4 |
SG Americas Securities
New York
|
+$165K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$154K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.11M |
| 2 |
SCM
Saba Capital Management
New York
|
-$985K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$257K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$241K |
| 5 |
NCMW
Northern Capital Management (Wisconsin)
Madison,
Wisconsin
|
-$150K |
PCF Hedge Fund Activity: Q4 2015 in Review
38 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q4 2015, worth a combined $21.9M — up 4.7% from $20.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PCF positions and 6 closed out — a net gain of 3 holders — while 8 added to existing stakes and 8 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.4M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $1.11M.
- 38 institutional investors held High Income Securities Fund (PCF) as of Q4 2015, up from 35 in Q3 2015.
- Funds reported $21.9M of High Income Securities Fund stock for Q4 2015, up 4.7% quarter-over-quarter.
- 9 funds opened new High Income Securities Fund positions in Q4 2015 and 6 closed out, a net change of +3 holders.
- The largest High Income Securities Fund buyer in Q4 2015 was Morgan Stanley, an estimated $1.4M added.
- The largest High Income Securities Fund seller in Q4 2015 was Thomas J. Herzfeld Advisors, an estimated $1.11M sold.
Based on aggregated 13F filings for Q4 2015.