High Income Securities Fund
PCF
40 hedge funds and large institutions have $40.3M invested in High Income Securities Fund in 2017 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 8 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
8% more capital invested
Capital invested by funds: $37.5M → $40.3M (+$2.83M)
3.4% more ownership
Funds ownership: 32.6% → 36% (+3.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 43 → 40 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.05M |
| 2 |
Walleye Trading
New York
|
+$1.56M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.22M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$721K |
| 5 |
Citigroup
New York
|
+$200K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$447K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$365K |
| 3 |
WC
Whitney & Co
Rochester,
New York
|
-$260K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$247K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$175K |
PCF Hedge Fund Activity: Q4 2017 in Review
40 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q4 2017, worth a combined $40.3M — up 7.5% from $37.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PCF and 5 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 11 added.
The largest buyer was Sit Investment Associates, adding an estimated $2.05M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $447K sold.
- 40 institutional investors held High Income Securities Fund (PCF) as of Q4 2017, down from 43 in Q3 2017.
- Funds reported $40.3M of High Income Securities Fund stock for Q4 2017, up 7.5% quarter-over-quarter.
- 5 funds opened new High Income Securities Fund positions in Q4 2017 and 8 closed out, a net change of -3 holders.
- The largest High Income Securities Fund buyer in Q4 2017 was Sit Investment Associates, an estimated $2.05M added.
- The largest High Income Securities Fund seller in Q4 2017 was Curi RMB Capital, an estimated $447K sold.
Based on aggregated 13F filings for Q4 2017.