Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
45 hedge funds and large institutions have $193M invested in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 4 reducing their positions, and 9 closing their positions.
450% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 4
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
2% more funds holding
Funds holding: 44 → 45 (+1)
0.08% more ownership
Funds ownership: 19.18% → 19.26% (+0.08%)
5% less capital invested
Capital invested by funds: $202M → $193M (-$9.34M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$16.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$2.83M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.41M |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.96M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$24.8M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.18M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.31M |
| 4 |
BP
BBR Partners
New York
|
-$762K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$622K |
PTA Hedge Fund Activity: Q3 2022 in Review
45 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) for Q3 2022, worth a combined $193M — down 4.6% from $202M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PTA positions and 9 closed out — a net gain of 1 holder — while 22 added to existing stakes and 4 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $16.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $24.8M.
- 45 institutional investors held Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) as of Q3 2022, up from 44 in Q2 2022.
- Funds reported $193M of Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund stock for Q3 2022, down 4.6% quarter-over-quarter.
- 10 funds opened new Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund positions in Q3 2022 and 9 closed out, a net change of +1 holder.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund buyer in Q3 2022 was Morgan Stanley, an estimated $16.5M added.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund seller in Q3 2022 was Rivernorth Capital Management, an estimated $24.8M sold.
Based on aggregated 13F filings for Q3 2022.