Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
35 hedge funds and large institutions have $189M invested in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 7 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
0.1% less ownership
Funds ownership: 19.68% → 19.58% (-0.1%)
0% less capital invested
Capital invested by funds: $190M → $189M (-$706K)
3% less funds holding
Funds holding: 36 → 35 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$8.12M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$6.27M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$485K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$447K |
| 5 |
Comerica Bank
Dallas,
Texas
|
+$335K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$11.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.99M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.54M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$416K |
| 5 |
EH
Equitable Holdings
New York
|
-$264K |
PTA Hedge Fund Activity: Q3 2023 in Review
35 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) for Q3 2023, worth a combined $189M — down 0.37% from $190M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PTA and 6 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 12 added.
The largest buyer was Bank of America, adding an estimated $8.12M. The largest seller was Morgan Stanley, cutting an estimated $11.5M.
- 35 institutional investors held Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) as of Q3 2023, down from 36 in Q2 2023.
- Funds reported $189M of Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund stock for Q3 2023, down 0.37% quarter-over-quarter.
- 6 funds opened new Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund positions in Q3 2023 and 7 closed out, a net change of -1 holder.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund buyer in Q3 2023 was Bank of America, an estimated $8.12M added.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund seller in Q3 2023 was Morgan Stanley, an estimated $11.5M sold.
Based on aggregated 13F filings for Q3 2023.