Cohen & Steers Select Preferred & Income Fund
PSF
40 hedge funds and large institutions have $29.6M invested in Cohen & Steers Select Preferred & Income Fund in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 18 increasing their positions, 8 reducing their positions, and 4 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 8
8% more capital invested
Capital invested by funds: $27.5M → $29.6M (+$2.13M)
0.91% more ownership
Funds ownership: 12.62% → 13.53% (+0.91%)
5% less funds holding
Funds holding: 42 → 40 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$1.02M |
| 2 |
BWP
Baldwin Wealth Partners
Marion,
Massachusetts
|
+$809K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$239K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$235K |
| 5 |
KIA
KLR Investment Advisors
Providence,
Rhode Island
|
+$144K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$299K |
| 2 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$261K |
| 3 |
Morgan Stanley
New York
|
-$238K |
| 4 |
DC
Davenport & Co
Richmond,
Virginia
|
-$67.8K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$48.8K |
PSF Hedge Fund Activity: Q2 2023 in Review
40 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q2 2023, worth a combined $29.6M — up 7.7% from $27.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PSF and 2 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 18 added.
The largest buyer was Cornerstone Advisory, opening a new position worth an estimated $1.02M. The largest seller was Cetera Advisor Networks, exiting entirely with an estimated $299K sold.
- 40 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q2 2023, down from 42 in Q1 2023.
- Funds reported $29.6M of Cohen & Steers Select Preferred & Income Fund stock for Q2 2023, up 7.7% quarter-over-quarter.
- 2 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q2 2023 and 4 closed out, a net change of -2 holders.
- The largest Cohen & Steers Select Preferred & Income Fund buyer in Q2 2023 was Cornerstone Advisory, an estimated $1.02M added.
- The largest Cohen & Steers Select Preferred & Income Fund seller in Q2 2023 was Cetera Advisor Networks, an estimated $299K sold.
Based on aggregated 13F filings for Q2 2023.