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Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA

42 hedge funds and large institutions have $217M invested in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund in 2024 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 8 increasing their positions, 18 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

5% more funds holding

Funds holding: 40 → 42 (+2)

6.6% less ownership

Funds ownership: 26.64% → 20.04% (-6.6%)

18% less capital invested

Capital invested by funds: $265M → $217M (-$48.4M)

56% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 18

Holders
42
Holders Change
+2
Holders Change %
+5%
% of All Funds
0.61%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
8
Reduced
18
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$15.9M
2
Corient Private Wealth
Corient Private Wealth
Florida
+$989K
3
SFS
Shaker Financial Services
Virginia
+$724K
4
OC
Oppenheimer & Co
New York
+$238K
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$213K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$66.2M
2
PCM
Penserra Capital Management
California
-$6.8M
3
SIA
Sit Investment Associates
Minnesota
-$5.48M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.41M
5
PFA
Pettinga Financial Advisors
Indiana
-$1.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$267K -$10.4K -550 -4%
Envestnet Asset Management
27
Envestnet Asset Management
Illinois
$253K +$49K +2,594 +25%
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$221K +$213K +11,284 New
EH
29
Equitable Holdings
New York
$218K +$210K +11,122 New
MWM
30
Modera Wealth Management
New Jersey
$213K +$2.32K +123 +1%
CAN
31
Cetera Advisor Networks
California
$211K +$203K +10,735 New
Millennium Management
32
Millennium Management
New York
$210K +$203K +10,732 New
RFA
33
Register Financial Advisors
Georgia
$166K +$160K +8,467 New
AWM
34
Activest Wealth Management
Florida
$144K +$139K +7,347 New
Osaic Holdings
35
Osaic Holdings
Arizona
$108K -$3.85K -204 -4%
Northwestern Mutual Wealth Management
36
Northwestern Mutual Wealth Management
Wisconsin
$74.1K +$10.2K +538 +17%
HI
37
Harbour Investments
Wisconsin
$49K +$47.2K +2,500 New
Wells Fargo
38
Wells Fargo
California
$49K +$47.2K +2,500 New
LC
39
Lindbrook Capital
California
$39.2K – – –
NS
40
NBC Securities
Alabama
$19K – – –
PGAM
41
Princeton Global Asset Management
New Jersey
$13.7K – – –
PS
42
Principal Securities
Iowa
$10.3K +$9.91K +525 New
PCM
43
Penserra Capital Management
California
– -$6.8M -377,598 Closed
LCM
44
Landscape Capital Management
New Jersey
– -$913K -50,707 Closed
WAM
45
Weiss Asset Management
Massachusetts
– -$498K -27,669 Closed
QC
46
Quadrature Capital
United Kingdom
– -$325K -18,080 Closed
WAM
47
Wolverine Asset Management
Illinois
– -$89.7K -4,981 Closed
EC
48
Elequin Capital
New York
– -$46.1K -2,560 Closed
US Bancorp
49
US Bancorp
Minnesota
– -$18K -1,000 Closed
AF
50
Allworth Financial
California
– -$10.8K -600 Closed
1
2
3

PTA Hedge Fund Activity: Q1 2024 in Review

42 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) for Q1 2024, worth a combined $217M — down 18% from $265M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PTA positions and 9 closed out — a net gain of 2 holders — while 8 added to existing stakes and 18 trimmed.

The largest buyer was Bank of America, adding an estimated $15.9M. The largest seller was Morgan Stanley, cutting an estimated $66.2M.

  • 42 institutional investors held Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) as of Q1 2024, up from 40 in Q4 2023.
  • Funds reported $217M of Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund stock for Q1 2024, down 18% quarter-over-quarter.
  • 11 funds opened new Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund positions in Q1 2024 and 9 closed out, a net change of +2 holders.
  • The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund buyer in Q1 2024 was Bank of America, an estimated $15.9M added.
  • The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $66.2M sold.

Based on aggregated 13F filings for Q1 2024.