High Income Secs Fd (PCF): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy High Income Secs Fd (PCF) following the 2026 Q1 hedge fund 13F filings?

As of today, PCF has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), PCF gained nan% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

High Income Secs Fd (PCF)

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

Smart Money Signals — PCF

Based on 55 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their PCF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🏔️

At the ownership peak (96% of max)

96% of all-time peak

55 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 — +25% more funds vs a year ago

fund count last 6Q

+11 new funds entered over the past year (+25% 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 — 53% buying

29 buying26 selling

Last quarter: 29 funds bought or added vs 26 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.

⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 8 → 5 → 14 → 8. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

42% of holders stayed for 2+ years

■ 42% conviction (2yr+) ■ 33% medium ■ 25% new

23 out of 55 hedge funds have held PCF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💎

Buying through price weakness — shares +11%, value -98%

Value

-97%

+11%

Last quarter: funds added +11% more shares while total portfolio value only changed -98%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~8 new funds/quarter

9 → 8 → 5 → 14 → 8 new funds/Q

New funds entering each quarter: 8 → 5 → 14 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Deep conviction — 49% of holders stayed 2+ years

■ 49% veterans ■ 18% 1-2yr ■ 33% new

Of 55 current holders: 27 (49%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

🏆

Elite ownership — 54% AUM from top-100 funds

54% from top-100 AUM funds

7 of 55 holders are among the 100 largest funds by AUM, controlling 54% 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.

3.9

out of 10

Low Exit Risk

Exit risk score 3.9/10 — 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 Q1)	Prior (2025 Q4)	Change
Funds Holding	55	57	-3.51%
13F Shares	4M	4M	10.99%
Total Value	$24M	$1.05B	-97.71%
New Positions	8	14	-6
Increased Positions	21	11	+10
Closed Positions	10	3	+7
Reduced Positions	16	19	-3
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

-3.51%

13F Shares

10.99%

Total Value

$24M

$1.05B

-97.71%

New Positions

-6

Increased Positions

+10

Closed Positions

Reduced Positions

-3

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

55 + 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 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Samalin Investment Counsel, LLC	0.25%	125,678	$694K
2	Melfa Wealth Management, INC.	0.10%	30,722	$170K
3	Almitas Capital LLC	0.10%	77,807	$429K
4	Absolute Investment Advisers, LLC	0.07%	108,623	$600K
5	Quarry LP	0.06%	64,946	$359K
6	Hunting Hill Global Capital, LLC	0.06%	14,317	$79K
7	Blue Bell Private Wealth Management, LLC	0.06%	72,147	$398K
8	Tactive Advisors, LLC	0.03%	21,007	$116K
9	Rivernorth Capital Management, LLC	0.03%	102,563	$566K
10	Saba Capital Management, L.P.	0.03%	178,077	$983K
11	Silverlake Wealth Management LLC	0.03%	22,297	$123K
12	Logan Stone Capital, LLC	0.02%	15,048	$83K
13	Noble Wealth Management PBC	0.02%	7,935	$44K
14	SeaCrest Wealth Management, LLC	0.02%	29,374	$162K
15	Bulldog Investors, LLP	0.02%	13,961	$77K
16	Gilman Hill Asset Management, LLC	0.02%	20,000	$110K
17	Live Oak Private Wealth LLC	0.01%	17,557	$97K
18	Integrity Advisory Solutions, LLC	0.01%	16,421	$91K
19	Advisors Asset Management, Inc.	0.01%	119,358	$659K
20	Nbc Securities, INC.	0.01%	22,253	$123K
21	Harbour Investments, INC.	0.01%	100,926	$557K
22	NWF Advisory Services Inc.	0.01%	13,700	$76K
23	K2 Principal Fund, L.P.	0.01%	16,617	$92K
24	Millstone Evans Group, LLC	0.01%	1,600	$9K
25	Kovack Advisors, Inc.	0.00%	16,438	$91K

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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PCF positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PCF?

Slight buying edge — 53% buying: Last quarter: 29 funds bought or added vs 26 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 — 54% AUM from top-100 funds: 7 of 55 holders are among the 100 largest funds by AUM, controlling 54% 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?

42% of holders stayed for 2+ years: 23 out of 55 hedge funds have held PCF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy High Income Secs Fd (PCF) following the 2026 Q1 hedge fund 13F filings?

As of today, PCF has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), PCF has gained nan% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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

Selling streak — 1 quarter in a row

At the ownership peak (96% of max)

Fast accumulation — +25% more funds vs a year ago

Slight buying edge — 53% buying

Fewer new buyers each quarter (-6 vs last Q)

42% of holders stayed for 2+ years

Buying through price weakness — shares +11%, value -98%

Steady discovery — ~8 new funds/quarter

Deep conviction — 49% of holders stayed 2+ years

Elite ownership — 54% 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

Is It Too Late to Buy High Income Secs Fd (PCF) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: PCF

Statistics: PCF

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — High Income Secs Fd (PCF)

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