Cohen & Steers Select Preferred & Income Fund
PSF
37 hedge funds and large institutions have $24.7M invested in Cohen & Steers Select Preferred & Income Fund in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 5 increasing their positions, 12 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
16% more funds holding
Funds holding: 32 → 37 (+5)
0.1% less ownership
Funds ownership: 8.77% → 8.67% (-0.1%)
12% less capital invested
Capital invested by funds: $28M → $24.7M (-$3.25M)
58% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAM
Orinda Asset Management
Lafayette,
California
|
+$685K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$299K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$267K |
| 4 |
DC
Davenport & Co
Richmond,
Virginia
|
+$246K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$107K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$411K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$358K |
| 3 |
ACI
Alpha Cubed Investments
Irvine,
California
|
-$282K |
| 4 |
Morgan Stanley
New York
|
-$266K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$245K |
PSF Hedge Fund Activity: Q4 2018 in Review
37 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q4 2018, worth a combined $24.7M — down 12% from $28M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PSF positions and 5 closed out — a net gain of 5 holders — while 5 added to existing stakes and 12 trimmed.
The largest buyer was Orinda Asset Management, opening a new position worth an estimated $685K. The largest seller was Bank of America, cutting an estimated $411K.
- 37 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q4 2018, up from 32 in Q3 2018.
- Funds reported $24.7M of Cohen & Steers Select Preferred & Income Fund stock for Q4 2018, down 12% quarter-over-quarter.
- 10 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q4 2018 and 5 closed out, a net change of +5 holders.
- The largest Cohen & Steers Select Preferred & Income Fund buyer in Q4 2018 was Orinda Asset Management, an estimated $685K added.
- The largest Cohen & Steers Select Preferred & Income Fund seller in Q4 2018 was Bank of America, an estimated $411K sold.
Based on aggregated 13F filings for Q4 2018.