Cohen & Steers Select Preferred & Income Fund
PSF
35 hedge funds and large institutions have $27.4M invested in Cohen & Steers Select Preferred & Income Fund in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 5 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
11% more capital invested
Capital invested by funds: $24.7M → $27.4M (+$2.69M)
0.13% less ownership
Funds ownership: 8.67% → 8.55% (-0.13%)
5% less funds holding
Funds holding: 37 → 35 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$200K |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
+$200K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$114K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$98.1K |
| 5 |
OAM
Orinda Asset Management
Lafayette,
California
|
+$84.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$470K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$320K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$282K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$77.2K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$35.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $80K | -$2.64K | -100 | -3% |
|
|
SWM
27
SeaCrest Wealth Management
Purchase,
New York
| $43K | -$12.3K | -466 | -23% |
|
|
FHB
28
First Hawaiian Bank
Honolulu,
Hawaii
| $30K | – | – | – |
|
|
PFGIA
29
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| $27K | – | – | – |
|
|
RFA
30
Reilly Financial Advisors
La Mesa,
California
| $27K | – | – | – |
|
|
WCG
31
Weaver Consulting Group
Huntington Beach,
California
| $17K | +$15.8K | +600 | New |
|
|
FWM
32
Focused Wealth Management
Newburgh,
New York
| $7K | – | – | – |
|
|
TA
33
TCG Advisors
Austin,
Texas
| $7K | +$6.87K | +260 | New |
|
|
34
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$282K | -11,867 | Closed |
|
|
CC
35
Claybrook Capital
Wellesley,
Massachusetts
| – | -$20K | -843 | Closed |
|
|
WDL
36
Well Done LLC
Holland,
Michigan
| – | -$20K | -843 | Closed |
|
|
PCG
37
Private Capital Group
West Hartford,
Connecticut
| – | -$15K | -623 | Closed |
|
|
MOS
38
MGO One Seven
Beachwood,
Ohio
| – | -$4K | -174 | Closed |
|
PSF Hedge Fund Activity: Q1 2019 in Review
35 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q1 2019, worth a combined $27.4M — up 11% from $24.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PSF and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 13 added.
The largest buyer was Morgan Stanley, adding an estimated $200K. The largest seller was Royal Bank of Canada, cutting an estimated $470K.
- 35 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q1 2019, down from 37 in Q4 2018.
- Funds reported $27.4M of Cohen & Steers Select Preferred & Income Fund stock for Q1 2019, up 11% quarter-over-quarter.
- 3 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q1 2019 and 5 closed out, a net change of -2 holders.
- The largest Cohen & Steers Select Preferred & Income Fund buyer in Q1 2019 was Morgan Stanley, an estimated $200K added.
- The largest Cohen & Steers Select Preferred & Income Fund seller in Q1 2019 was Royal Bank of Canada, an estimated $470K sold.
Based on aggregated 13F filings for Q1 2019.