Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
45 hedge funds and large institutions have $208M invested in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund in 2022 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 8 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 12
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
8% more capital invested
Capital invested by funds: $193M → $208M (+$15.3M)
2.03% more ownership
Funds ownership: 19.26% → 21.29% (+2%)
0% more funds holding
Funds holding: 45 → 45 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$13M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.22M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.38M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.07M |
| 5 |
Morgan Stanley
New York
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.37M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$2.23M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.32M |
| 4 |
PCMC
Private Capital Management (Colorado)
Denver,
Colorado
|
-$724K |
| 5 |
SA
Shilanski & Associates
Anchorage,
Alaska
|
-$724K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bessemer Group
Woodbridge,
New Jersey
| – | -$18K | -1,009 | Closed |
|
|
GI
52
Gradient Investments
Arden Hills,
Minnesota
| – | -$11K | -595 | Closed |
|
PTA Hedge Fund Activity: Q4 2022 in Review
45 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) for Q4 2022, worth a combined $208M — up 8% from $193M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PTA positions and 8 closed out — a net gain of 2 holders — while 17 added to existing stakes and 12 trimmed.
The largest buyer was UBS Group, adding an estimated $13M. The largest seller was Sit Investment Associates, cutting an estimated $6.37M.
- 45 institutional investors held Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) as of Q4 2022, unchanged from Q3 2022.
- Funds reported $208M of Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund stock for Q4 2022, up 8% quarter-over-quarter.
- 10 funds opened new Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund positions in Q4 2022 and 8 closed out, a net change of +2 holders.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund buyer in Q4 2022 was UBS Group, an estimated $13M added.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund seller in Q4 2022 was Sit Investment Associates, an estimated $6.37M sold.
Based on aggregated 13F filings for Q4 2022.