High Income Securities Fund
PCF
36 hedge funds and large institutions have $26M invested in High Income Securities Fund in 2022 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 6 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 40 → 36 (-4)
12.08% less ownership
Funds ownership: 49.76% → 37.67% (-12%)
30% less capital invested
Capital invested by funds: $37.4M → $26M (-$11.4M)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$156K |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$147K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$137K |
| 4 |
CCM
CTC Capital Management
Chicago,
Illinois
|
+$131K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$130K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$4.53M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.32M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$350K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$213K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$146K |
PCF Hedge Fund Activity: Q2 2022 in Review
36 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q2 2022, worth a combined $26M — down 30% from $37.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PCF and 2 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $156K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $4.53M sold.
- 36 institutional investors held High Income Securities Fund (PCF) as of Q2 2022, down from 40 in Q1 2022.
- Funds reported $26M of High Income Securities Fund stock for Q2 2022, down 30% quarter-over-quarter.
- 2 funds opened new High Income Securities Fund positions in Q2 2022 and 6 closed out, a net change of -4 holders.
- The largest High Income Securities Fund buyer in Q2 2022 was Raymond James Financial Services Advisors, an estimated $156K added.
- The largest High Income Securities Fund seller in Q2 2022 was Rivernorth Capital Management, an estimated $4.53M sold.
Based on aggregated 13F filings for Q2 2022.