Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
41 hedge funds and large institutions have $189M invested in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 12 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
2.12% less ownership
Funds ownership: 21.29% → 19.16% (-2.1%)
9% less funds holding
Funds holding: 45 → 41 (-4)
9% less capital invested
Capital invested by funds: $208M → $189M (-$19.3M)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4.38M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$677K |
| 3 |
Morgan Stanley
New York
|
+$639K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$494K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$398K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$12.1M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
-$9.53M |
| 3 |
AFS
Access Financial Services
Minneapolis,
Minnesota
|
-$1.12M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.04M |
| 5 |
EC
Elequin Capital
New York
|
-$915K |
PTA Hedge Fund Activity: Q1 2023 in Review
41 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) for Q1 2023, worth a combined $189M — down 9.3% from $208M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PTA and 8 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 14 added.
The largest buyer was Bank of America, adding an estimated $4.38M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $12.1M sold.
- 41 institutional investors held Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) as of Q1 2023, down from 45 in Q4 2022.
- Funds reported $189M of Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund stock for Q1 2023, down 9.3% quarter-over-quarter.
- 8 funds opened new Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund positions in Q1 2023 and 12 closed out, a net change of -4 holders.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund buyer in Q1 2023 was Bank of America, an estimated $4.38M added.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund seller in Q1 2023 was Rivernorth Capital Management, an estimated $12.1M sold.
Based on aggregated 13F filings for Q1 2023.