High Income Securities Fund
PCF
42 hedge funds and large institutions have $32.1M invested in High Income Securities Fund in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
15% more capital invested
Capital invested by funds: $28M → $32.1M (+$4.14M)
8% more funds holding
Funds holding: 39 → 42 (+3)
6.32% more ownership
Funds ownership: 22.26% → 28.59% (+6.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$2.35M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.56M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$792K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$341K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$283K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.59M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$979K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$482K |
| 4 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$166K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$125K |
PCF Hedge Fund Activity: Q1 2017 in Review
42 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q1 2017, worth a combined $32.1M — up 15% from $28M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PCF positions and 3 closed out — a net gain of 5 holders — while 11 added to existing stakes and 8 trimmed.
The largest buyer was Bulldog Investors, adding an estimated $2.35M. The largest seller was Morgan Stanley, cutting an estimated $1.59M.
- 42 institutional investors held High Income Securities Fund (PCF) as of Q1 2017, up from 39 in Q4 2016.
- Funds reported $32.1M of High Income Securities Fund stock for Q1 2017, up 15% quarter-over-quarter.
- 8 funds opened new High Income Securities Fund positions in Q1 2017 and 3 closed out, a net change of +5 holders.
- The largest High Income Securities Fund buyer in Q1 2017 was Bulldog Investors, an estimated $2.35M added.
- The largest High Income Securities Fund seller in Q1 2017 was Morgan Stanley, an estimated $1.59M sold.
Based on aggregated 13F filings for Q1 2017.