Cohen & Steers Select Preferred & Income Fund
PSF
38 hedge funds and large institutions have $31.3M invested in Cohen & Steers Select Preferred & Income Fund in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
6% more capital invested
Capital invested by funds: $29.5M → $31.3M (+$1.79M)
0.11% more ownership
Funds ownership: 8.73% → 8.84% (+0.11%)
3% less funds holding
Funds holding: 39 → 38 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$685K |
| 2 |
LPL Financial
San Diego,
California
|
+$483K |
| 3 |
Morgan Stanley
New York
|
+$288K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$278K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$252K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$752K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$248K |
| 3 |
IA
IFG Advisory
Atlanta,
Georgia
|
-$214K |
| 4 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$208K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$197K |
PSF Hedge Fund Activity: Q3 2019 in Review
38 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q3 2019, worth a combined $31.3M — up 6.1% from $29.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PSF and 6 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 12 added.
The largest buyer was Janney Montgomery Scott, opening a new position worth an estimated $685K. The largest seller was Ladenburg Thalmann Financial Services, cutting an estimated $752K.
- 38 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q3 2019, down from 39 in Q2 2019.
- Funds reported $31.3M of Cohen & Steers Select Preferred & Income Fund stock for Q3 2019, up 6.1% quarter-over-quarter.
- 6 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q3 2019 and 7 closed out, a net change of -1 holder.
- The largest Cohen & Steers Select Preferred & Income Fund buyer in Q3 2019 was Janney Montgomery Scott, an estimated $685K added.
- The largest Cohen & Steers Select Preferred & Income Fund seller in Q3 2019 was Ladenburg Thalmann Financial Services, an estimated $752K sold.
Based on aggregated 13F filings for Q3 2019.