Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
36 hedge funds and large institutions have $190M invested in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 11 closing their positions.
0.51% more ownership
Funds ownership: 19.16% → 19.68% (+0.51%)
1% more capital invested
Capital invested by funds: $189M → $190M (+$947K)
12% less funds holding
Funds holding: 41 → 36 (-5)
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$5.53M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.9M |
| 3 |
LPL Financial
San Diego,
California
|
+$820K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$403K |
| 5 |
OC
Oppenheimer & Co
New York
|
+$359K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.62M |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$587K |
| 3 |
Morgan Stanley
New York
|
-$454K |
| 4 |
Millennium Management
New York
|
-$348K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$285K |
PTA Hedge Fund Activity: Q2 2023 in Review
36 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) for Q2 2023, worth a combined $190M — up 0.5% from $189M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PTA and 6 opened new positions — a net loss of 5 holders — while 14 trimmed existing stakes and 11 added.
The largest buyer was UBS Group, adding an estimated $5.53M. The largest seller was Sit Investment Associates, cutting an estimated $3.62M.
- 36 institutional investors held Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) as of Q2 2023, down from 41 in Q1 2023.
- Funds reported $190M of Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund stock for Q2 2023, up 0.5% quarter-over-quarter.
- 6 funds opened new Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund positions in Q2 2023 and 11 closed out, a net change of -5 holders.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund buyer in Q2 2023 was UBS Group, an estimated $5.53M added.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund seller in Q2 2023 was Sit Investment Associates, an estimated $3.62M sold.
Based on aggregated 13F filings for Q2 2023.