High Income Securities Fund
PCF
43 hedge funds and large institutions have $37.5M invested in High Income Securities Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 0 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
10% more funds holding
Funds holding: 39 → 43 (+4)
8% more capital invested
Capital invested by funds: $34.7M → $37.5M (+$2.78M)
2.19% more ownership
Funds ownership: 30.41% → 32.6% (+2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.71M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$532K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$333K |
| 4 |
Walleye Trading
New York
|
+$278K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$244K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.6M |
| 2 |
Morgan Stanley
New York
|
-$89K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$52.5K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$24K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$21.5K |
PCF Hedge Fund Activity: Q3 2017 in Review
43 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q3 2017, worth a combined $37.5M — up 8% from $34.7M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PCF positions and 0 closed out — a net gain of 4 holders — while 12 added to existing stakes and 9 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.71M. The largest seller was Saba Capital Management, cutting an estimated $2.6M.
- 43 institutional investors held High Income Securities Fund (PCF) as of Q3 2017, up from 39 in Q2 2017.
- Funds reported $37.5M of High Income Securities Fund stock for Q3 2017, up 8% quarter-over-quarter.
- 4 funds opened new High Income Securities Fund positions in Q3 2017 and 0 closed out, a net change of +4 holders.
- The largest High Income Securities Fund buyer in Q3 2017 was Sit Investment Associates, an estimated $2.71M added.
- The largest High Income Securities Fund seller in Q3 2017 was Saba Capital Management, an estimated $2.6M sold.
Based on aggregated 13F filings for Q3 2017.