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PCF

High Income Securities Fund

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.

New
Increased
Maintained
Reduced
Closed

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: 11 (0)

11% less funds holding

Funds holding: 3632 (-4)

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

Holders
32
Holders Change
-4
Holders Change %
-11.11%
% of All Funds
0.73%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
5
Increased
10
Reduced
7
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BI
1
Bulldog Investors
New Jersey
$18.4M +$111 +12 +0%
SIA
2
Sit Investment Associates
Minnesota
$14.6M +$3.34M +362,336 +30%
AAM
3
Advisors Asset Management
Colorado
$6.26M +$203K +22,010 +3%
GC
4
Guggenheim Capital
Illinois
$2.52M -$66K -7,154 -3%
Walleye Trading
5
Walleye Trading
New York
$2.11M +$19.4K +2,100 +0.9%
Wells Fargo
6
Wells Fargo
California
$1.71M +$1.54K +167 +0.1%
RCM
7
Rivernorth Capital Management
Florida
$1.57M -$78.9K -8,558 -5%
WC
8
Whitney & Co
New York
$536K -$114K -12,400 -18%
Ameriprise
9
Ameriprise
Minnesota
$308K -$4.34K -471 -1%
GHAM
10
Gilman Hill Asset Management
Connecticut
$233K
Bank of America
11
Bank of America
North Carolina
$198K +$1.87K +203 +1%
CRC
12
Curi RMB Capital
Illinois
$195K +$193K +20,908 New
RJFSA
13
Raymond James Financial Services Advisors
Florida
$194K -$81.1K -8,797 -30%
Morgan Stanley
14
Morgan Stanley
New York
$191K -$32.3K -3,500 -15%
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
$143K +$141K +15,324 New
LPL Financial
16
LPL Financial
California
$117K +$116K +12,590 New
DA
17
Doliver Advisors
Texas
$107K -$47.7K -5,170 -31%
UBS Group
18
UBS Group
Switzerland
$107K +$480 +52 +0.5%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$98K +$9 +1 +0%
PNC Financial Services Group
20
PNC Financial Services Group
Pennsylvania
$94K
LTFS
21
Ladenburg Thalmann Financial Services
Florida
$85K
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$31K
AG
23
Advisor Group
Arizona
$28K
BRC
24
Bell Rock Capital
Delaware
$21K
BCWM
25
Bartlett & Co Wealth Management
Ohio
$18.1K +$3.69K +400 +26%

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.