Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
42 hedge funds and large institutions have $217M invested in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund in 2024 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 8 increasing their positions, 18 reducing their positions, and 9 closing their positions.
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
5% more funds holding
Funds holding: 40 → 42 (+2)
6.6% less ownership
Funds ownership: 26.64% → 20.04% (-6.6%)
18% less capital invested
Capital invested by funds: $265M → $217M (-$48.4M)
56% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$15.9M |
| 2 |
Corient Private Wealth
Miami,
Florida
|
+$989K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$724K |
| 4 |
OC
Oppenheimer & Co
New York
|
+$238K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$66.2M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
-$6.8M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.48M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.41M |
| 5 |
PFA
Pettinga Financial Advisors
Evansville,
Indiana
|
-$1.51M |
PTA Hedge Fund Activity: Q1 2024 in Review
42 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) for Q1 2024, worth a combined $217M — down 18% from $265M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PTA positions and 9 closed out — a net gain of 2 holders — while 8 added to existing stakes and 18 trimmed.
The largest buyer was Bank of America, adding an estimated $15.9M. The largest seller was Morgan Stanley, cutting an estimated $66.2M.
- 42 institutional investors held Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund (PTA) as of Q1 2024, up from 40 in Q4 2023.
- Funds reported $217M of Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund stock for Q1 2024, down 18% quarter-over-quarter.
- 11 funds opened new Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund positions in Q1 2024 and 9 closed out, a net change of +2 holders.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund buyer in Q1 2024 was Bank of America, an estimated $15.9M added.
- The largest Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $66.2M sold.
Based on aggregated 13F filings for Q1 2024.