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PCF

High Income Securities Fund

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.

New
Increased
Maintained
Reduced
Closed

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: 11 (0)

10% less funds holding

Funds holding: 4036 (-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

Holders
36
Holders Change
-4
Holders Change %
-10%
% of All Funds
0.61%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
2
Increased
15
Reduced
8
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Cetera Investment Advisers
1
Cetera Investment Advisers
Illinois
$7.03M -$350K -45,555 -5%
TJHA
2
Thomas J. Herzfeld Advisors
Florida
$6.29M +$147K +19,098 +2%
BI
3
Bulldog Investors
New Jersey
$2.39M -$110K -14,308 -4%
YCM
4
Yakira Capital Management
Connecticut
$1.62M
Envestnet Asset Management
5
Envestnet Asset Management
Illinois
$1.41M -$131K -17,045 -8%
Baird Financial Group
6
Baird Financial Group
Wisconsin
$1.01M +$46.4K +6,047 +5%
NA
7
NewEdge Advisors
Louisiana
$903K -$1.54K -200 -0.2%
Wells Fargo
8
Wells Fargo
California
$847K +$5.32K +692 +0.6%
LPL Financial
9
LPL Financial
California
$847K +$87.2K +11,355 +11%
Osaic Holdings
10
Osaic Holdings
Arizona
$495K +$130K +16,960 +33%
RJA
11
Raymond James & Associates
Florida
$481K +$1.29K +168 +0.3%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$351K +$156K +20,269 +73%
SWM
13
SeaCrest Wealth Management
New York
$273K +$1.62K +211 +0.6%
Morgan Stanley
14
Morgan Stanley
New York
$268K +$15.1K +1,967 +6%
CL
15
CSS LLC
Illinois
$256K
SWM
16
Silverlake Wealth Management
Vermont
$240K
GC
17
Guggenheim Capital
Illinois
$215K +$137K +17,899 +154%
Bank of America
18
Bank of America
North Carolina
$163K +$11.2K +1,455 +7%
CAN
19
Cetera Advisor Networks
California
$136K -$11.7K -1,525 -8%
CCM
20
CTC Capital Management
Illinois
$124K +$131K +17,000 New
MFG
21
Merit Financial Group
Georgia
$107K
LMKC
22
L.M. Kohn & Company
Ohio
$105K
DA
23
Detalus Advisors
Missouri
$101K +$15.4K +2,000 +17%
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$82K -$21.7K -2,831 -20%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$82K

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.