High Income Securities Fund
PCF
36 hedge funds and large institutions have $45.9M invested in High Income Securities Fund in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 10 closing their positions.
9% more capital invested
Capital invested by funds: $42.2M → $45.9M (+$3.75M)
3.31% more ownership
Funds ownership: 36% → 39.32% (+3.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 40 → 36 (-4)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$2.88M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.82M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.61M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$197K |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$197K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$2.59M |
| 2 |
Citigroup
New York
|
-$463K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$353K |
| 4 |
WC
Whitney & Co
Rochester,
New York
|
-$242K |
| 5 |
Morgan Stanley
New York
|
-$198K |
PCF Hedge Fund Activity: Q1 2018 in Review
36 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q1 2018, worth a combined $45.9M — up 8.9% from $42.2M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PCF and 6 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 9 added.
The largest buyer was Bulldog Investors, adding an estimated $2.88M. The largest seller was Grantham, Mayo, Van Otterloo & Co (GMO), exiting entirely with an estimated $2.59M sold.
- 36 institutional investors held High Income Securities Fund (PCF) as of Q1 2018, down from 40 in Q4 2017.
- Funds reported $45.9M of High Income Securities Fund stock for Q1 2018, up 8.9% quarter-over-quarter.
- 6 funds opened new High Income Securities Fund positions in Q1 2018 and 10 closed out, a net change of -4 holders.
- The largest High Income Securities Fund buyer in Q1 2018 was Bulldog Investors, an estimated $2.88M added.
- The largest High Income Securities Fund seller in Q1 2018 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $2.59M sold.
Based on aggregated 13F filings for Q1 2018.