High Income Securities Fund
PCF
19 hedge funds and large institutions have $5.5M invested in High Income Securities Fund in 2020 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 7 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
5.16% less ownership
Funds ownership: 20.35% → 15.19% (-5.2%)
24% less funds holding
Funds holding: 25 → 19 (-6)
46% less capital invested
Capital invested by funds: $10.2M → $5.5M (-$4.65M)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$422K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$406K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
+$330K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$205K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$34.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.28M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$950K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$447K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$437K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$366K |
PCF Hedge Fund Activity: Q1 2020 in Review
19 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q1 2020, worth a combined $5.5M — down 46% from $10.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PCF and 2 opened new positions — a net loss of 5 holders — while 5 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $422K. The largest seller was Bulldog Investors, cutting an estimated $1.28M.
- 19 institutional investors held High Income Securities Fund (PCF) as of Q1 2020, down from 25 in Q4 2019.
- Funds reported $5.5M of High Income Securities Fund stock for Q1 2020, down 46% quarter-over-quarter.
- 2 funds opened new High Income Securities Fund positions in Q1 2020 and 7 closed out, a net change of -5 holders.
- The largest High Income Securities Fund buyer in Q1 2020 was Morgan Stanley, an estimated $422K added.
- The largest High Income Securities Fund seller in Q1 2020 was Bulldog Investors, an estimated $1.28M sold.
Based on aggregated 13F filings for Q1 2020.