High Income Securities Fund
39 hedge funds and large institutions have $28M invested in High Income Securities Fund in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 9 closing their positions.
32% more capital inflows, than outflows
Capital inflows: $5.67M | Capital outflows: $4.29M
1.16% more ownership
Funds ownership: 21.11% → 22.26% (+1.2%)
0% more funds holding
Funds holding: 39 → 39 (0)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$5.07M |
| 2 |
Advisory Alpha
Holland,
Michigan
|
+$172K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$122K |
| 4 |
Private Advisor Group
Morristown,
New Jersey
|
+$87.2K |
| 5 |
Virtu KCG Holdings
New York
|
+$82.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.82M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$534K |
| 3 |
Saba Capital Management
New York
|
-$221K |
| 4 |
Curi RMB Capital
Chicago,
Illinois
|
-$193K |
| 5 |
Landscape Capital Management
Englewood,
New Jersey
|
-$175K |
PCF Hedge Fund Activity: Q4 2016 in Review
39 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q4 2016, worth a combined $28M — up 8% from $25.9M a quarter earlier.
Fund positioning in PCF was balanced in Q4 2016: 9 funds opened new positions, 9 closed out, 5 added to existing stakes and 11 trimmed.
The largest buyer was Bulldog Investors, adding an estimated $5.07M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.82M sold.
- 39 institutional investors held High Income Securities Fund (PCF) as of Q4 2016, unchanged from Q3 2016.
- Funds reported $28M of High Income Securities Fund stock for Q4 2016, up 8% quarter-over-quarter.
- 9 funds opened new High Income Securities Fund positions in Q4 2016 and 9 closed out, a net change of 0 holders.
- The largest High Income Securities Fund buyer in Q4 2016 was Bulldog Investors, an estimated $5.07M added.
- The largest High Income Securities Fund seller in Q4 2016 was Rivernorth Capital Management, an estimated $2.82M sold.
Based on aggregated 13F filings for Q4 2016.