Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
40 hedge funds and large institutions have $204M invested in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund in 2021 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 12 increasing their positions, 3 reducing their positions, and 3 closing their positions.
633% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 3
300% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 3
90% more funds holding
Funds holding: 21 → 40 (+19)
83% more capital invested
Capital invested by funds: $112M → $204M (+$92.2M)
7.26% more ownership
Funds ownership: 8.07% → 15.34% (+7.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$45.7M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$21.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.86M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.51M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$3.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$512K |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
-$454K |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$308K |
| 4 |
PCA
Pallas Capital Advisors
Braintree,
Massachusetts
|
-$225K |
| 5 |
SSC
Syverson Strege & Co
West Des Moines,
Iowa
|
-$38K |
PTA Hedge Fund Activity: Q4 2021 in Review
40 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) for Q4 2021, worth a combined $204M — up 83% from $112M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PTA positions and 3 closed out — a net gain of 19 holders — while 12 added to existing stakes and 3 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $45.7M. The largest seller was Morgan Stanley, cutting an estimated $512K.
- 40 institutional investors held Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) as of Q4 2021, up from 21 in Q3 2021.
- Funds reported $204M of Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund stock for Q4 2021, up 83% quarter-over-quarter.
- 22 funds opened new Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund positions in Q4 2021 and 3 closed out, a net change of +19 holders.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund buyer in Q4 2021 was Rivernorth Capital Management, an estimated $45.7M added.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund seller in Q4 2021 was Morgan Stanley, an estimated $512K sold.
Based on aggregated 13F filings for Q4 2021.