Cohen & Steers Select Preferred & Income Fund
PSF
32 hedge funds and large institutions have $25.4M invested in Cohen & Steers Select Preferred & Income Fund in 2017 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 5 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 7
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
7% more funds holding
Funds holding: 30 → 32 (+2)
0.05% less ownership
Funds ownership: 7.67% → 7.62% (-0.05%)
2% less capital invested
Capital invested by funds: $26M → $25.4M (-$552K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$740K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$395K |
| 3 |
LPL Financial
San Diego,
California
|
+$236K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$231K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$221K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.14M |
| 2 |
SG Americas Securities
New York
|
-$240K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$219K |
| 4 |
Morgan Stanley
New York
|
-$126K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$75.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWP
26
Stratos Wealth Partners
Beachwood,
Ohio
| $56K | +$56.4K | +2,000 | New |
|
|
AF
27
Advisornet Financial
Minnetonka,
Minnesota
| $28K | +$28.2K | +1,000 | New |
|
|
IWM
28
IHT Wealth Management
Chicago,
Illinois
| $22K | – | – | – |
|
|
BFEC
29
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $11K | – | – | – |
|
|
CA
30
Calton & Associates
Tampa,
Florida
| $11K | +$11.3K | +400 | New |
|
|
SFSIG
31
San Francisco Sentry Investment Group
San Francisco,
California
| $8K | – | – | – |
|
32
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $6K | – | – | – |
|
|
FA
33
Fagan Associates
Troy,
New York
| $374 | -$15.2K | -541 | -4% |
|
|
34
SG Americas Securities
New York
| – | -$240K | -8,507 | Closed |
|
|
35
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$219K | -7,760 | Closed |
|
|
IA
36
IFP Advisors
Tampa,
Florida
| – | -$23K | -800 | Closed |
|
|
NFG
37
Next Financial Group
Houston,
Texas
| – | -$16K | -550 | Closed |
|
38
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$4K | -145 | Closed |
|
PSF Hedge Fund Activity: Q4 2017 in Review
32 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q4 2017, worth a combined $25.4M — down 2.1% from $26M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PSF positions and 5 closed out — a net gain of 2 holders — while 12 added to existing stakes and 7 trimmed.
The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $740K. The largest seller was Ameriprise, cutting an estimated $2.14M.
- 32 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q4 2017, up from 30 in Q3 2017.
- Funds reported $25.4M of Cohen & Steers Select Preferred & Income Fund stock for Q4 2017, down 2.1% quarter-over-quarter.
- 7 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q4 2017 and 5 closed out, a net change of +2 holders.
- The largest Cohen & Steers Select Preferred & Income Fund buyer in Q4 2017 was Ladenburg Thalmann Financial Services, an estimated $740K added.
- The largest Cohen & Steers Select Preferred & Income Fund seller in Q4 2017 was Ameriprise, an estimated $2.14M sold.
Based on aggregated 13F filings for Q4 2017.