High Income Secs Fd (PCF) Hedge Fund Ownership (Q2 2026)

High Income Secs Fd (PCF)

56 + Investors. Track Smart Money conviction in PCF. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — PCF

Based on 56 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added PCF than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (97% of max)

97% of all-time peak

56 hedge funds hold PCF right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +24% more funds vs a year ago

fund count last 6Q

+11 new funds entered over the past year (+24% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟡

Slight buying edge — 55% buying

27 buying22 selling

Last quarter: 27 funds bought or added vs 22 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

➡️

Steady new buyers — ~7 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 5 → 15 → 8 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

📌

Mixed — 39% long-term, 27% new

■ 39% conviction (2yr+) ■ 34% medium ■ 27% new

Of the 56 current holders: 22 (39%) held >2 years, 19 held 1–2 years, and 15 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

📊

Peak discovery — momentum slowing

8 → 5 → 15 → 8 → 7 new funds/Q

New funds entering each quarter: 5 → 15 → 8 → 7. PCF is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Veteran-anchored — 46% veterans vs 34% newcomers

■ 46% veterans ■ 20% 1-2yr ■ 34% new

Entry-cohort mix of 56 holders: 26 (46%) are 2+ year veterans, 11 entered 1–2 years ago, and 19 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds

6 of 56 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in PCF. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.8

out of 10

Low Exit Risk

Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	56	55	1.82%
13F Shares	5M	4M	4.64%
Total Value	$25M	$24M	5.17%
New Positions	7	8	-1
Increased Positions	20	21	-1
Closed Positions	6	11	-5
Reduced Positions	16	16	-
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

1.82%

13F Shares

4.64%

Total Value

$25M

$24M

5.17%

New Positions

-1

Increased Positions

-1

Closed Positions

-5

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

56 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PCF. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 PCF holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Almitas Capital LLC	0.27%	209,322	$1.1M
2	Samalin Investment Counsel, LLC	0.26%	150,363	$822K
3	Melfa Wealth Management, INC.	0.18%	61,119	$334K
4	Blue Bell Private Wealth Management, LLC	0.05%	72,147	$395K
5	Absolute Investment Advisers, LLC	0.03%	61,363	$336K
6	Tactive Advisors, LLC	0.03%	21,226	$116K
7	Saba Capital Management, L.P.	0.03%	194,477	$1.1M
8	Rivernorth Capital Management, LLC	0.03%	101,167	$553K
9	Silverlake Wealth Management LLC	0.02%	21,579	$118K
10	Logan Stone Capital, LLC	0.02%	17,820	$97K
11	SeaCrest Wealth Management, LLC	0.02%	32,848	$180K
12	Noble Wealth Management PBC	0.02%	7,426	$41K
13	Bulldog Investors, LLP	0.02%	13,961	$76K
14	Quarry LP	0.02%	36,689	$201K
15	Lanark Financial, INC.	0.02%	44,129	$241K
16	Gilman Hill Asset Management, LLC	0.01%	20,000	$109K
17	Live Oak Private Wealth LLC	0.01%	17,557	$96K
18	Advisors Asset Management, Inc.	0.01%	119,413	$653K
19	Harbour Investments, INC.	0.01%	96,449	$528K
20	NWF Advisory Services Inc.	0.01%	13,700	$75K
21	K2 Principal Fund, L.P.	0.01%	16,617	$91K
22	Kovack Advisors, Inc.	0.01%	19,495	$107K
23	Millstone Evans Group, LLC	0.00%	1,600	$9K
24	AlphaStar Capital Management, LLC	0.00%	11,100	$61K
25	Uhlmann Price Securities, LLC	0.00%	17,517	$96K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — High Income Secs Fd (PCF)

What does the Smart Money Trend signal show for PCF?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PCF than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PCF?

Slight buying edge — 55% buying: Last quarter: 27 funds bought or added vs 22 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PCF holders?

Elite ownership — 53% AUM from top-100 funds: 6 of 56 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in PCF. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PCF?

Mixed — 39% long-term, 27% new: Of the 56 current holders: 22 (39%) held >2 years, 19 held 1–2 years, and 15 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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High Income Secs Fd (PCF)

Smart Money Signals — PCF

Buying streak — 1 quarter in a row

At the ownership peak (97% of max)

Fast accumulation — +24% more funds vs a year ago

Slight buying edge — 55% buying

Steady new buyers — ~7 new funds per quarter

Mixed — 39% long-term, 27% new

Peak discovery — momentum slowing

Veteran-anchored — 46% veterans vs 34% newcomers

Elite ownership — 53% AUM from top-100 funds

Institutional Sentiment Summary — PCF

Hedge Fund Ownership: PCF

Market Analysis: PCF

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: PCF

Hedge Fund Positioning: PCF

Statistics: PCF

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — High Income Secs Fd (PCF)

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