Cohen & Steers Select Preferred & Income Fund
PSF
36 hedge funds and large institutions have $27.4M invested in Cohen & Steers Select Preferred & Income Fund in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 6 closing their positions.
2.77% less ownership
Funds ownership: 11.82% → 9.05% (-2.8%)
5% less funds holding
Funds holding: 38 → 36 (-2)
22% less capital invested
Capital invested by funds: $35.3M → $27.4M (-$7.85M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
44% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$417K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$364K |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$270K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$235K |
| 5 |
Morgan Stanley
New York
|
+$182K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
-$3.16M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$2.33M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$948K |
| 4 |
GBA
Garrison Bradford & Associates
New York
|
-$903K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$893K |
PSF Hedge Fund Activity: Q1 2016 in Review
36 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q1 2016, worth a combined $27.4M — down 22% from $35.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PSF and 4 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 9 added.
The largest buyer was Bank of America, adding an estimated $417K. The largest seller was VSR Financial Services, cutting an estimated $3.16M.
- 36 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q1 2016, down from 38 in Q4 2015.
- Funds reported $27.4M of Cohen & Steers Select Preferred & Income Fund stock for Q1 2016, down 22% quarter-over-quarter.
- 4 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q1 2016 and 6 closed out, a net change of -2 holders.
- The largest Cohen & Steers Select Preferred & Income Fund buyer in Q1 2016 was Bank of America, an estimated $417K added.
- The largest Cohen & Steers Select Preferred & Income Fund seller in Q1 2016 was VSR Financial Services, an estimated $3.16M sold.
Based on aggregated 13F filings for Q1 2016.