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

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
41
Holders Change
-4
Holders Change %
-8.89%
% of All Funds
0.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
14
Reduced
13
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$4.38M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$677K
3
Morgan Stanley
Morgan Stanley
New York
+$639K
4
Stifel Financial
Stifel Financial
Missouri
+$494K
5
UBS Group
UBS Group
Switzerland
+$398K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$12.1M
2
PCM
Penserra Capital Management
California
-$9.53M
3
AFS
Access Financial Services
Minnesota
-$1.12M
4
SIA
Sit Investment Associates
Minnesota
-$1.04M
5
EC
Elequin Capital
New York
-$915K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$83.1M +$639K +33,868 +0.7%
UBS Group
2
UBS Group
Switzerland
$39.1M +$398K +21,084 +1%
Bank of America
3
Bank of America
North Carolina
$24M +$4.38M +231,895 +21%
SIA
4
Sit Investment Associates
Minnesota
$12.3M -$1.04M -54,967 -7%
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$9.1M +$677K +35,839 +8%
Amundi
6
Amundi
France
$3.72M -$596K -31,600 -13%
Stifel Financial
7
Stifel Financial
Missouri
$2.04M +$494K +26,191 +30%
Cerity Partners
8
Cerity Partners
New York
$1.84M – – –
1CP
9
1607 Capital Partners
Virginia
$1.58M – – –
Rockefeller Capital Management
10
Rockefeller Capital Management
New York
$1.58M +$149K +7,881 +10%
LA
11
LexAurum Advisors
Kansas
$1.53M -$329K -17,408 -17%
WS
12
Wedbush Securities
California
$1.09M -$66.4K -3,520 -5%
Invesco
13
Invesco
Georgia
$1.05M -$201K -10,663 -15%
RVPG
14
Relative Value Partners Group
$907K -$76.4K -4,048 -7%
AAS
15
Avantax Advisory Services
Texas
$587K +$2.93K +155 +0.5%
RA
16
RFG Advisory
Alabama
$567K +$64K +3,392 +12%
CC
17
Claybrook Capital
Massachusetts
$547K +$323K +17,089 +126%
AWS
18
Atria Wealth Solutions
New York
$471K -$28.3K -1,500 -5%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$354K -$170K -9,009 -31%
Millennium Management
20
Millennium Management
New York
$348K +$368K +19,495 New
EH
21
Equitable Holdings
New York
$343K +$363K +19,219 New
OC
22
Oppenheimer & Co
New York
$338K +$357K +18,900 New
Osaic Holdings
23
Osaic Holdings
Arizona
$330K -$159K -8,405 -31%
Janney Montgomery Scott
24
Janney Montgomery Scott
Pennsylvania
$285K +$11.7K +619 +4%
Mariner
25
Mariner
Kansas
$267K -$52.7K -2,791 -16%
1
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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.