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Cohen & Steers Select Preferred & Income Fund
PSF

47 hedge funds and large institutions have $41.9M invested in Cohen & Steers Select Preferred & Income Fund in 2024 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

18% more funds holding

Funds holding: 40 → 47 (+7)

3.88% less ownership

Funds ownership: 21.33% → 17.45% (-3.9%)

14% less capital invested

Capital invested by funds: $48.5M → $41.9M (-$6.61M)

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

Holders
47
Holders Change
+7
Holders Change %
+17.5%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
11
Reduced
14
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$759K
2
UBS Group
UBS Group
Switzerland
+$391K
3
DWP
Daymark Wealth Partners
Ohio
+$385K
4
LCM
Landscape Capital Management
New Jersey
+$368K
5
BWP
Baldwin Wealth Partners
Massachusetts
+$337K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$10.5M
2
PFA
Pettinga Financial Advisors
Indiana
-$673K
3
GP
Gridiron Partners
Pennsylvania
-$495K
4
Osaic Holdings
Osaic Holdings
Arizona
-$412K
5
Invesco
Invesco
Georgia
-$285K
Name Holding Trade Value Shares
Change 		Change in
Stake
ACI
26
Alpha Cubed Investments
California
$246K – – –
WCM
27
WealthBridge Capital Management
Ohio
$241K +$235K +12,060 New
Cerity Partners
28
Cerity Partners
New York
$239K +$4.49K +230 +2%
NW
29
NewEdge Wealth
Pennsylvania
$230K – – –
Janney Montgomery Scott
30
Janney Montgomery Scott
Pennsylvania
$225K -$63.2K -3,238 -22%
IWC
31
Integrated Wealth Concepts
Massachusetts
$223K -$3.46K -177 -2%
NA
32
NewEdge Advisors
Louisiana
$216K +$211K +10,816 New
HCP
33
Hexagon Capital Partners
Arkansas
$120K – – –
CA
34
CoreCap Advisors
Michigan
$103K +$100K +5,132 New
Wells Fargo
35
Wells Fargo
California
$94.5K -$1.15K -59 -1%
Comerica Bank
36
Comerica Bank
Texas
$67.7K +$527 +27 +0.8%
US Bancorp
37
US Bancorp
Minnesota
$61.7K – – –
GJWM
38
Gilliland Jeter Wealth Management
Arkansas
$41K +$40K +2,049 New
CFB
39
Cullen/Frost Bankers
Texas
$40K – – –
GWSG
40
GPS Wealth Strategies Group
Colorado
$40K – – –
HNB
41
Huntington National Bank
Ohio
$40K – – –
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
$20K – – –
RA
43
Ransom Advisory
Rhode Island
$20K +$19.5K +1,000 New
BC
44
Barrett & Company
Rhode Island
$13K – – –
HNB
45
Hilltop National Bank
Wyoming
$12K +$11.7K +600 New
GWM
46
Geneos Wealth Management
Colorado
$4.64K – – –
TRCT
47
Tower Research Capital (TRC)
New York
$1.22K +$1.19K +61 New
FCA
48
FinTrust Capital Advisors
South Carolina
$540 – – –
PFA
49
Pettinga Financial Advisors
Indiana
– -$673K -35,591 Closed
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
– -$28K -1,480 Closed
1
2
3

PSF Hedge Fund Activity: Q1 2024 in Review

47 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q1 2024, worth a combined $41.9M — down 14% from $48.5M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PSF positions and 4 closed out — a net gain of 7 holders — while 11 added to existing stakes and 14 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $759K. The largest seller was Morgan Stanley, cutting an estimated $10.5M.

  • 47 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q1 2024, up from 40 in Q4 2023.
  • Funds reported $41.9M of Cohen & Steers Select Preferred & Income Fund stock for Q1 2024, down 14% quarter-over-quarter.
  • 11 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q1 2024 and 4 closed out, a net change of +7 holders.
  • The largest Cohen & Steers Select Preferred & Income Fund buyer in Q1 2024 was Shaker Financial Services, an estimated $759K added.
  • The largest Cohen & Steers Select Preferred & Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $10.5M sold.

Based on aggregated 13F filings for Q1 2024.