Cohen & Steers Select Preferred & Income Fund
PSF
42 hedge funds and large institutions have $27.5M invested in Cohen & Steers Select Preferred & Income Fund in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 8 closing their positions.
0.3% less ownership
Funds ownership: 12.92% → 12.62% (-0.3%)
6% less capital invested
Capital invested by funds: $29.1M → $27.5M (-$1.65M)
7% less funds holding
Funds holding: 45 → 42 (-3)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
27% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.87M |
| 2 |
DC
Davenport & Co
Richmond,
Virginia
|
+$454K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$341K |
| 4 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$291K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$126K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$786K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$672K |
| 3 |
ACI
Alpha Cubed Investments
Irvine,
California
|
-$496K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$402K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$346K |
PSF Hedge Fund Activity: Q1 2023 in Review
42 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Select Preferred & Income Fund (PSF) for Q1 2023, worth a combined $27.5M — down 5.7% from $29.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PSF and 6 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 11 added.
The largest buyer was Morgan Stanley, adding an estimated $1.87M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $786K sold.
- 42 institutional investors held Cohen & Steers Select Preferred & Income Fund (PSF) as of Q1 2023, down from 45 in Q4 2022.
- Funds reported $27.5M of Cohen & Steers Select Preferred & Income Fund stock for Q1 2023, down 5.7% quarter-over-quarter.
- 6 funds opened new Cohen & Steers Select Preferred & Income Fund positions in Q1 2023 and 8 closed out, a net change of -2 holders.
- The largest Cohen & Steers Select Preferred & Income Fund buyer in Q1 2023 was Morgan Stanley, an estimated $1.87M added.
- The largest Cohen & Steers Select Preferred & Income Fund seller in Q1 2023 was Rivernorth Capital Management, an estimated $786K sold.
Based on aggregated 13F filings for Q1 2023.