Vault-13

HIGH INCOME SECS FD PCF

SHS BEN INT · Closed-End Fund · CUSIP 42968F108

56 institutional holders +6 vs Q2 2024
12,386,12312.4m shares reported held*
$84.6mreported value*
12 new 24 added 8 reduced 7 sold out net bought ≈ $58.6m (+8.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $6.83.

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 41Q4 22: 42Q1 23: 45Q2 23: 39Q3 23: 41Q4 23: 43Q1 24: 44Q2 24: 50Q3 24: 5656Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202241
Q4 202242
Q1 202345
Q2 202339
Q3 202341
Q4 202343
Q1 202444
Q2 202450
Q3 202456

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 19 bought or addedQ4 22: 15 cut or sold outQ1 23: 22 bought or addedQ1 23: 10 cut or sold outQ1 23Q2 23: 20 bought or addedQ2 23: 14 cut or sold outQ3 23: 17 bought or addedQ3 23: 13 cut or sold outQ3 23Q4 23: 19 bought or addedQ4 23: 15 cut or sold outQ1 24: 18 bought or addedQ1 24: 17 cut or sold outQ1 24Q2 24: 25 bought or addedQ2 24: 18 cut or sold outQ3 24: 36 bought or addedQ3 24: 15 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221915
Q1 20232210
Q2 20232014
Q3 20231713
Q4 20231915
Q1 20241817
Q2 20242518
Q3 20243615

Biggest buyers

Thomas J. Herzfeld Advisors, Inc. Added +1,444,691+1.4m
RIVERNORTH CAPITAL MANAGEMENT, LLC New +1,155,192+1.2m
Cetera Investment Advisers Added +1,012,086+1.0m
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC Added +884,666+884.7k
ICON ADVISERS INC/CO Added +798,051+798.1k
ENVESTNET ASSET MANAGEMENT INC Added +754,807+754.8k
Bulldog Investors, LLP Added +720,467+720.5k
SIT INVESTMENT ASSOCIATES INC Added +692,423+692.4k
Yakira Capital Management, Inc. Added +586,423+586.4k
MORGAN STANLEY Added +441,985+442.0k

Biggest sellers

BOOTHBAY FUND MANAGEMENT, LLC Sold out -250,000-250.0k
Alpine Global Management, LLC Sold out -250,000-250.0k
BANK OF AMERICA CORP /DE/ Reduced -118,573-118.6k
Cable Car Capital, LP Sold out -111,410-111.4k
Simplicity Wealth,LLC Sold out -51,721-51.7k
RAYMOND JAMES & ASSOCIATES Reduced -28,712-28.7k
Virtu Financial LLC Sold out -24,368-24.4k
UBS Group AG Reduced -20,869-20.9k
McGlone Suttner Wealth Management, Inc. Sold out -17,924-17.9k
Gilman Hill Asset Management, LLC Reduced -15,000-15.0k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
LPL Financial LLC 13G · institution -1.3 pts · filed 2026-01-09 7.2% -1.3 pts 1.3m≈ $7.3m 2026-01-09

Insider purchases and sales in Q3 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q4 22: 1 buyingQ4 22: 0 sellingQ1 23: 1 buyingQ1 23: 0 sellingQ1 23Q2 23: 2 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 3 buyingQ2 24: 1 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20221$13.4k0——
Q1 20231$30.1k0——
Q2 20232$217.8k0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20243$2.4k1$1.6m—
Q3 20240—0——

None reported in Q3 2024.

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 1,723,3451.7m $11.8m $11.8m 0.03% Added +1.0m +1,012,086
2 Thomas J. Herzfeld Advisors, Inc. 3.58% of their portfolio MIAMI BEACH, FL 1,574,3491.6m $10.8m $10.8m 3.58% Added +1.4m +1,444,691
3 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.38% of their portfolio WEST PALM BEACH, FL 1,155,1921.2m $7.9m $7.9m 0.38% New
4 Bulldog Investors, LLP 2.31% of their portfolio SADDLE BROOK, NJ 1,010,0751.0m $6.9m $6.9m 2.31% Added +720.5k +720,467
5 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 1.18% of their portfolio BLUE BELL, PA 901,436901.4k $6.2m $6.2m 1.18% Added +884.7k +884,666
6 ICON ADVISERS INC/CO 1.29% of their portfolio GREENWOOD VILLAGE, CO 899,044899.0k $6.1m $6.1m 1.29% Added +798.1k +798,051
7 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 828,129828.1k $5.7m $5.7m 0.00% Added +754.8k +754,807
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 764,867764.9k $5.2m $5.2m 0.00% Added +442.0k +441,985
9 SIT INVESTMENT ASSOCIATES INC 0.11% of their portfolio Minneapolis, MN 693,423693.4k $4.7m $4.7m 0.11% Added +692.4k +692,423
10 Yakira Capital Management, Inc. 1.66% of their portfolio Westport, CT 627,416627.4k $4.3m $4.3m 1.66% Added +586.4k +586,423
11 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 387,380387.4k $2.6m $2.6m 0.00% Added +162.6k +162,640
12 COHEN & STEERS, INC. 0.00% of their portfolio NEW YORK, NY 250,000250.0k $1.7m $1.7m 0.00% Added +210.0k +210,000
13 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 164,207164.2k $1.1m $1.1m 0.00% Reduced -28.7k -28,712
14 CHOREO, LLC 0.02% of their portfolio ROCKFORD, IL 150,593150.6k $1.0m $1.0m 0.02% Added +134.7k +134,652
15 Hunting Hill Global Capital, LLC 1.35% of their portfolio New York, NY 140,615140.6k $960.4k $960.4k 1.35% Added +70.6k +70,578
16 ABSOLUTE INVESTMENT ADVISERS, LLC 0.12% of their portfolio ROSEMARY BEACH, FL 129,576129.6k $885.0k $885.0k 0.12% New
17 CSS LLC/IL 0.05% of their portfolio CHICAGO, IL 123,339123.3k $842.4k $842.4k 0.05% Added +80.5k +80,464
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 94,81294.8k $647.6k $647.6k 0.00% Reduced -13.8k -13,756
19 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 90,90090.9k $620.8k $620.8k 0.00% Reduced -8.7k -8,700
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 65,19765.2k $445.3k $445.3k 0.00% Added +5.1k +5,101
21 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 64,39564.4k $439.8k $439.8k 0.00% Reduced -3.2k -3,163
22 Quarry LP 0.11% of their portfolio NEW YORK, NY 50,29650.3k $343.5k $343.5k 0.11% Added +50.3k +50,276
23 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 48,77048.8k $333.1k $333.1k 0.01% New
24 SeaCrest Wealth Management, LLC 0.03% of their portfolio PURCHASE, NY 41,49141.5k $283.4k $283.4k 0.03% Added +2.4k +2,356
25 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 36,91636.9k $252.1k $252.1k 0.00% New
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 33,46133.5k $228.5k $228.5k 0.00% Added +12.1k +12,081
27 MELFA WEALTH MANAGEMENT, INC. 0.14% of their portfolio WESTBOROUGH, MA 31,64631.6k $216.1k $216.1k 0.14% Unchanged
28 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 30,66030.7k $209.4k $209.4k 0.00% Unchanged
29 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 26,35226.4k $184.2k $184.2k 0.00% Unchanged
30 SILVERLAKE WEALTH MANAGEMENT LLC 0.07% of their portfolio WILLISTON, VT 25,16025.2k $171.8k $171.8k 0.07% Unchanged
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 24,48924.5k $167.3k $167.3k 0.00% Reduced -118.6k -118,573
32 Gilman Hill Asset Management, LLC 0.02% of their portfolio NEW CANAAN, CT 20,00020.0k $136.6k $136.6k 0.02% Reduced -15.0k -15,000
33 NWF Advisory Services Inc. 0.02% of their portfolio Los Angeles, CA 19,50019.5k $133.2k $133.2k 0.02% Added +6.5k +6,500
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 17,64117.6k $121.0k $121.0k 0.00% Added +1.4k +1,394
35 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 14,87714.9k $101.6k $101.6k 0.00% New
36 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 14,82814.8k $101.3k $101.3k 0.00% Added +191 +191
37 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 14,69614.7k $100.0k $100.0k 0.00% Unchanged
38 L.M. KOHN & COMPANY 0.02% of their portfolio CINCINNATI, OH 13,81613.8k $94.4k $94.4k 0.02% New
39 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 13,19413.2k $90.0k $90.0k 0.00% New
40 UHLMANN PRICE SECURITIES, LLC 0.07% of their portfolio SKOKIE, IL 13,08913.1k $89.4k $89.4k 0.07% First filing
41 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 12,40012.4k $84.7k $84.7k 0.00% Unchanged
42 Atria Wealth Solutions, Inc. 0.00% of their portfolio NEW YORK, NY 10,63910.6k $72.7k $72.7k 0.00% New
43 EASTERN BANK 0.00% of their portfolio BOSTON, MA 7,0007.0k $47.8k $47.8k 0.00% New
44 WINMILL & CO. INC 0.01% of their portfolio WALPOLE, NH 6,5006.5k $44.4k $44.4k 0.01% Added +20 +20
45 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 4,8984.9k $33.5k $33.5k 0.00% Unchanged
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,7154.7k $32.2k $32.2k 0.00% Reduced -20.9k -20,869
47 McClarren Financial Advisors, Inc. 0.01% of their portfolio STATE COLLEGE, PA 4,3844.4k $29.0k $29.0k 0.01% Added +4.4k +4,378
48 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 3,4253.4k $23.4k $23.4k 0.00% Reduced -3.7k -3,700
49 Jaffetilchin Investment Partners, LLC 0.00% of their portfolio TAMPA, FL 988988 $6.8k $6.8k 0.00% New
50 COMERICA BANK 0.00% of their portfolio DALLAS, TX 951951 $6.5k $6.5k 0.00% Added +922 +922
51 FinTrust Capital Advisors, LLC 0.00% of their portfolio Greenville, SC 500500 $3.4k $3.4k 0.00% Unchanged
52 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 292292 $2.0k $2.0k 0.00% New
53 TSFG, LLC 0.00% of their portfolio LAKE FOREST, IL 200200 $1.0k $1.0k 0.00% Unchanged
54 CWM, LLC 0.00% of their portfolio OMAHA, NE 5757 $0 $0 0.00% New
55 CALDWELL SUTTER CAPITAL, INC. 0.00% of their portfolio SAUSALITO, CA 22 $14 $14 0.00% Unchanged
56 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged