High Income Securities Fund
PCF
36 hedge funds and large institutions have $23M invested in High Income Securities Fund in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 6 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
5% more capital invested
Capital invested by funds: $21.9M → $23M (+$1.13M)
0.98% more ownership
Funds ownership: 19.53% → 20.51% (+0.98%)
5% less funds holding
Funds holding: 38 → 36 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.01M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$363K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$355K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$346K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$185K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$748K |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$171K |
| 3 |
SG Americas Securities
New York
|
-$164K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$162K |
| 5 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
-$149K |
PCF Hedge Fund Activity: Q1 2016 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 2016, worth a combined $23M — up 5.2% from $21.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PCF and 4 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 10 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.01M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $748K sold.
- 36 institutional investors held High Income Securities Fund (PCF) as of Q1 2016, down from 38 in Q4 2015.
- Funds reported $23M of High Income Securities Fund stock for Q1 2016, up 5.2% quarter-over-quarter.
- 4 funds opened new High Income Securities Fund positions in Q1 2016 and 6 closed out, a net change of -2 holders.
- The largest High Income Securities Fund buyer in Q1 2016 was Advisors Asset Management, an estimated $1.01M added.
- The largest High Income Securities Fund seller in Q1 2016 was Karpus Investment Management, an estimated $748K sold.
Based on aggregated 13F filings for Q1 2016.