High Income Securities Fund
PCF
32 hedge funds and large institutions have $50.9M invested in High Income Securities Fund in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 9 closing their positions.
2% more capital invested
Capital invested by funds: $50M → $50.9M (+$852K)
0.03% more ownership
Funds ownership: 41.42% → 41.45% (+0.03%)
0% more funds holding
Funds holding: 32 → 32 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$10.5M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.75M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$3.65M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$380K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$243K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$14.6M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.52M |
| 3 |
Walleye Trading
New York
|
-$2.11M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$852K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$308K |
PCF Hedge Fund Activity: Q3 2018 in Review
32 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q3 2018, worth a combined $50.9M — up 1.7% from $50M a quarter earlier.
Fund positioning in PCF was balanced in Q3 2018: 9 funds opened new positions, 9 closed out, 3 added to existing stakes and 11 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $10.5M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $14.6M sold.
- 32 institutional investors held High Income Securities Fund (PCF) as of Q3 2018, unchanged from Q2 2018.
- Funds reported $50.9M of High Income Securities Fund stock for Q3 2018, up 1.7% quarter-over-quarter.
- 9 funds opened new High Income Securities Fund positions in Q3 2018 and 9 closed out, a net change of 0 holders.
- The largest High Income Securities Fund buyer in Q3 2018 was Karpus Investment Management, an estimated $10.5M added.
- The largest High Income Securities Fund seller in Q3 2018 was Sit Investment Associates, an estimated $14.6M sold.
Based on aggregated 13F filings for Q3 2018.