Cohen & Steers Select Preferred & Income Fund
PSF
35 hedge funds and large institutions have $27.5M invested in Cohen & Steers Select Preferred & Income Fund in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 3 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
2% more capital invested
Capital invested by funds: $27M → $27.5M (+$541K)
0.39% less ownership
Funds ownership: 8.47% → 8.08% (-0.39%)
5% less funds holding
Funds holding: 37 → 35 (-2)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$501K |
| 2 |
Morgan Stanley
New York
|
+$338K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$214K |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$196K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$142K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$619K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$566K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$520K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$295K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$205K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Creative Planning
Overland Park,
Kansas
| $128K | +$60.6K | +2,194 | +95% |
|
|
GWM
27
Geneos Wealth Management
Englewood,
Colorado
| $90K | – | – | – |
|
28
Citigroup
New York
| $88K | – | – | – |
|
|
WA
29
WFG Advisors
Dallas,
Texas
| $34K | – | – | – |
|
|
NFG
30
Next Financial Group
Houston,
Texas
| $16K | – | – | – |
|
|
BFEC
31
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $11K | – | – | – |
|
|
SFSIG
32
San Francisco Sentry Investment Group
San Francisco,
California
| $9K | – | – | – |
|
|
DADC
33
D.A. Davidson & Co
Great Falls,
Montana
| $5K | – | – | – |
|
|
PCM
34
Penserra Capital Management
Orinda,
California
| $5K | +$442 | +16 | +10% |
|
35
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $1K | +$28 | +1 | +2% |
|
|
IWM
36
IHT Wealth Management
Chicago,
Illinois
| $6 | – | – | – |
|
|
37
LPL Financial
San Diego,
California
| – | -$619K | -23,101 | Closed |
|
|
38
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$295K | -11,131 | Closed |
|
|
ARMC
39
American Research & Management Company
Marion,
Massachusetts
| – | -$106K | -4,000 | Closed |
|
PSF Hedge Fund Activity: Q2 2017 in Review
35 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q2 2017, worth a combined $27.5M — up 2% from $27M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PSF and 1 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 14 added.
The largest buyer was UBS Group, adding an estimated $501K. The largest seller was LPL Financial, exiting entirely with an estimated $619K sold.
- 35 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q2 2017, down from 37 in Q1 2017.
- Funds reported $27.5M of Cohen & Steers Select Preferred & Income Fund stock for Q2 2017, up 2% quarter-over-quarter.
- 1 fund opened new Cohen & Steers Select Preferred & Income Fund positions in Q2 2017 and 3 closed out, a net change of -2 holders.
- The largest Cohen & Steers Select Preferred & Income Fund buyer in Q2 2017 was UBS Group, an estimated $501K added.
- The largest Cohen & Steers Select Preferred & Income Fund seller in Q2 2017 was LPL Financial, an estimated $619K sold.
Based on aggregated 13F filings for Q2 2017.