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Cohen & Steers Select Preferred & Income Fund

32 hedge funds and large institutions have $28M invested in Cohen & Steers Select Preferred & Income Fund in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 2

19% more funds holding

Funds holding: 2732 (+5)

4% more capital invested

Capital invested by funds: $26.9M → $28M (+$1.11M)

0.41% more ownership

Funds ownership: 8.36%8.77% (+0.41%)

11% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 9

Holders
32
Holders Change
+5
Holders Change %
+18.52%
% of All Funds
0.73%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
8
Reduced
9
Closed
2
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
UBS Group
1
UBS Group
Switzerland
$6.18M +$254K +9,248 +4%
Morgan Stanley
2
Morgan Stanley
New York
$5.45M +$194K +7,065 +4%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$2.81M +$406K +14,821 +16%
Bank of America
4
Bank of America
North Carolina
$2.63M -$194K -7,089 -7%
Invesco
5
Invesco
Georgia
$2.39M -$19.9K -725 -0.8%
LTFS
6
Ladenburg Thalmann Financial Services
Florida
$1.38M +$58.6K +2,135 +4%
BTS
7
BB&T Securities
Virginia
$946K -$15.6K -567 -2%
GBA
8
Garrison Bradford & Associates
New York
$767K +$165 +6 +0%
RJA
9
Raymond James & Associates
Florida
$581K -$10.3K -376 -2%
Wells Fargo
10
Wells Fargo
California
$578K -$98.9K -3,606 -14%
HFS
11
HL Financial Services
Kentucky
$495K +$27.4K +1,000 +6%
ONB
12
Old National Bancorp
Indiana
$411K +$424K +15,450 New
AG
13
Advisor Group
Arizona
$408K -$42.6K -1,552 -9%
Ameriprise
14
Ameriprise
Minnesota
$404K -$89.3K -3,255 -18%
BWP
15
Baldwin Wealth Partners
Massachusetts
$295K
WS
16
Wedbush Securities
California
$283K -$92.3K -3,366 -24%
ACI
17
Alpha Cubed Investments
California
$282K +$304K +11,078 New
AF
18
Advisornet Financial
Minnesota
$260K
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$234K
LPL Financial
20
LPL Financial
California
$225K +$17.9K +653 +8%
Janney Montgomery Scott
21
Janney Montgomery Scott
Pennsylvania
$218K
MML Investors Services
22
MML Investors Services
Massachusetts
$201K +$207K +7,537 New
ARMC
23
American Research & Management Company
Massachusetts
$180K
Citigroup
24
Citigroup
New York
$100K +$17.6K +640 +21%
GWM
25
Geneos Wealth Management
Colorado
$83K

PSF Hedge Fund Activity: Q3 2018 in Review

32 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q3 2018, worth a combined $28M — up 4.1% from $26.9M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new PSF positions and 2 closed out — a net gain of 5 holders — while 8 added to existing stakes and 9 trimmed.

The largest buyer was Old National Bancorp, opening a new position worth an estimated $424K. The largest seller was Bank of America, cutting an estimated $194K.

  • 32 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q3 2018, up from 27 in Q2 2018.
  • Funds reported $28M of Cohen & Steers Select Preferred & Income Fund stock for Q3 2018, up 4.1% quarter-over-quarter.
  • 7 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q3 2018 and 2 closed out, a net change of +5 holders.
  • The largest Cohen & Steers Select Preferred & Income Fund buyer in Q3 2018 was Old National Bancorp, an estimated $424K added.
  • The largest Cohen & Steers Select Preferred & Income Fund seller in Q3 2018 was Bank of America, an estimated $194K sold.

Based on aggregated 13F filings for Q3 2018.