Cohen & Steers Select Preferred & Income Fund
PSF
29 hedge funds and large institutions have $33M invested in Cohen & Steers Select Preferred & Income Fund in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 10 closing their positions.
1.35% less ownership
Funds ownership: 11.78% → 10.43% (-1.4%)
5% less capital invested
Capital invested by funds: $34.8M → $33M (-$1.81M)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
22% less funds holding
Funds holding: 37 → 29 (-8)
80% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.27M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$440K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$352K |
| 4 |
Morgan Stanley
New York
|
+$233K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$150K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$2M |
| 2 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$1.06M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$675K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$649K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$481K |
PSF Hedge Fund Activity: Q2 2014 in Review
29 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q2 2014, worth a combined $33M — down 5.2% from $34.8M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PSF and 2 opened new positions — a net loss of 8 holders — while 10 trimmed existing stakes and 9 added.
The largest buyer was Royal Bank of Canada, adding an estimated $1.27M. The largest seller was Brookfield Corp, exiting entirely with an estimated $2M sold.
- 29 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q2 2014, down from 37 in Q1 2014.
- Funds reported $33M of Cohen & Steers Select Preferred & Income Fund stock for Q2 2014, down 5.2% quarter-over-quarter.
- 2 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q2 2014 and 10 closed out, a net change of -8 holders.
- The largest Cohen & Steers Select Preferred & Income Fund buyer in Q2 2014 was Royal Bank of Canada, an estimated $1.27M added.
- The largest Cohen & Steers Select Preferred & Income Fund seller in Q2 2014 was Brookfield Corp, an estimated $2M sold.
Based on aggregated 13F filings for Q2 2014.