Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
40 hedge funds and large institutions have $265M invested in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund in 2023 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
40% more capital invested
Capital invested by funds: $189M → $265M (+$76.3M)
14% more funds holding
Funds holding: 35 → 40 (+5)
7.05% more ownership
Funds ownership: 19.58% → 26.64% (+7.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$50.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$5.11M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$4.34M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.46M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
RFG Advisory
Birmingham,
Alabama
|
-$509K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$476K |
| 3 |
Rockefeller Capital Management
New York
|
-$341K |
| 4 |
RDWM
Red Door Wealth Management
Memphis,
Tennessee
|
-$276K |
| 5 |
LA
LexAurum Advisors
Overland Park,
Kansas
|
-$215K |
PTA Hedge Fund Activity: Q4 2023 in Review
40 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) for Q4 2023, worth a combined $265M — up 40% from $189M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PTA positions and 5 closed out — a net gain of 6 holders — while 15 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $50.3M. The largest seller was RFG Advisory, exiting entirely with an estimated $509K sold.
- 40 institutional investors held Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) as of Q4 2023, up from 35 in Q3 2023.
- Funds reported $265M of Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund stock for Q4 2023, up 40% quarter-over-quarter.
- 11 funds opened new Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund positions in Q4 2023 and 5 closed out, a net change of +6 holders.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $50.3M added.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund seller in Q4 2023 was RFG Advisory, an estimated $509K sold.
Based on aggregated 13F filings for Q4 2023.