Cohen & Steers Select Preferred & Income Fund
PSF
37 hedge funds and large institutions have $27M invested in Cohen & Steers Select Preferred & Income Fund in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
8% more capital invested
Capital invested by funds: $25M → $27M (+$1.93M)
6% more funds holding
Funds holding: 35 → 37 (+2)
0.5% more ownership
Funds ownership: 7.97% → 8.47% (+0.5%)
44% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.33M |
| 2 |
Morgan Stanley
New York
|
+$484K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$473K |
| 4 |
SG Americas Securities
New York
|
+$304K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$296K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.03M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$536K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$341K |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$221K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
-$90.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HFS
26
HL Financial Services
Louisville,
Kentucky
| $249K | -$10.6K | -400 | -4% |
|
|
ARMC
27
American Research & Management Company
Marion,
Massachusetts
| $106K | +$10.6K | +400 | +11% |
|
|
GWM
28
Geneos Wealth Management
Englewood,
Colorado
| $84K | – | – | – |
|
29
Citigroup
New York
| $82K | – | – | – |
|
30
Creative Planning
Overland Park,
Kansas
| $61K | – | – | – |
|
|
WA
31
WFG Advisors
Dallas,
Texas
| $32K | – | – | – |
|
|
IWM
32
IHT Wealth Management
Chicago,
Illinois
| $21K | – | – | – |
|
|
NFG
33
Next Financial Group
Houston,
Texas
| $15K | -$90.5K | -3,400 | -86% |
|
|
BFEC
34
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $11K | – | – | – |
|
|
DADC
35
D.A. Davidson & Co
Great Falls,
Montana
| $5K | -$5.33K | -200 | -50% |
|
|
PCM
36
Penserra Capital Management
Orinda,
California
| $4K | -$612 | -23 | -12% |
|
37
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $1K | -$1.38K | -52 | -54% |
|
|
UCFA
38
United Capital Financial Advisors
Irving,
Texas
| – | -$221K | -8,460 | Closed |
|
|
TIM
39
Tortoise Investment Management
White Plains,
New York
| – | -$5K | -200 | Closed |
|
PSF Hedge Fund Activity: Q1 2017 in Review
37 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q1 2017, worth a combined $27M — up 7.7% from $25M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PSF positions and 2 closed out — a net gain of 3 holders — while 9 added to existing stakes and 16 trimmed.
The largest buyer was Ameriprise, opening a new position worth an estimated $2.33M. The largest seller was UBS Group, cutting an estimated $1.03M.
- 37 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q1 2017, up from 35 in Q4 2016.
- Funds reported $27M of Cohen & Steers Select Preferred & Income Fund stock for Q1 2017, up 7.7% quarter-over-quarter.
- 5 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q1 2017 and 2 closed out, a net change of +3 holders.
- The largest Cohen & Steers Select Preferred & Income Fund buyer in Q1 2017 was Ameriprise, an estimated $2.33M added.
- The largest Cohen & Steers Select Preferred & Income Fund seller in Q1 2017 was UBS Group, an estimated $1.03M sold.
Based on aggregated 13F filings for Q1 2017.