High Income Securities Fund
PCF
40 hedge funds and large institutions have $22.7M invested in High Income Securities Fund in 2022 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
11% more funds holding
Funds holding: 36 → 40 (+4)
3.01% less ownership
Funds ownership: 37.67% → 34.66% (-3%)
13% less capital invested
Capital invested by funds: $26M → $22.7M (-$3.36M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.58M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$349K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
+$335K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$278K |
| 5 |
Millennium Management
New York
|
+$192K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$3.18M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$764K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$690K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$403K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$321K |
PCF Hedge Fund Activity: Q3 2022 in Review
40 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in High Income Securities Fund (PCF) for Q3 2022, worth a combined $22.7M — down 13% from $26M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PCF positions and 3 closed out — a net gain of 4 holders — while 13 added to existing stakes and 10 trimmed.
The largest buyer was Invesco, opening a new position worth an estimated $1.58M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $3.18M.
- 40 institutional investors held High Income Securities Fund (PCF) as of Q3 2022, up from 36 in Q2 2022.
- Funds reported $22.7M of High Income Securities Fund stock for Q3 2022, down 13% quarter-over-quarter.
- 7 funds opened new High Income Securities Fund positions in Q3 2022 and 3 closed out, a net change of +4 holders.
- The largest High Income Securities Fund buyer in Q3 2022 was Invesco, an estimated $1.58M added.
- The largest High Income Securities Fund seller in Q3 2022 was Thomas J. Herzfeld Advisors, an estimated $3.18M sold.
Based on aggregated 13F filings for Q3 2022.