High Income Securities Fund
PCF
32 hedge funds and large institutions have $50M invested in High Income Securities Fund in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 9 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
9% more capital invested
Capital invested by funds: $45.9M → $50M (+$4.09M)
2.1% more ownership
Funds ownership: 39.32% → 41.42% (+2.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11% less funds holding
Funds holding: 36 → 32 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.34M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$203K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$193K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$141K |
| 5 |
LPL Financial
San Diego,
California
|
+$116K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$197K |
| 2 |
SCM
Saba Capital Management
New York
|
-$197K |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$197K |
| 4 |
PMG
ProVise Management Group
Clearwater,
Florida
|
-$151K |
| 5 |
MIC
Meridian Investment Counsel
Lafayette,
California
|
-$127K |
PCF Hedge Fund Activity: Q2 2018 in Review
32 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q2 2018, worth a combined $50M — up 8.9% from $45.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PCF and 5 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 10 added.
The largest buyer was Sit Investment Associates, adding an estimated $3.34M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $197K sold.
- 32 institutional investors held High Income Securities Fund (PCF) as of Q2 2018, down from 36 in Q1 2018.
- Funds reported $50M of High Income Securities Fund stock for Q2 2018, up 8.9% quarter-over-quarter.
- 5 funds opened new High Income Securities Fund positions in Q2 2018 and 9 closed out, a net change of -4 holders.
- The largest High Income Securities Fund buyer in Q2 2018 was Sit Investment Associates, an estimated $3.34M added.
- The largest High Income Securities Fund seller in Q2 2018 was Clough Capital Partners, an estimated $197K sold.
Based on aggregated 13F filings for Q2 2018.