Horizon Kinetics’s Flaherty & Crumrine Preferred and Income Fund PFD Stock Holding History

Horizon Kinetics’s Portfolio PFD Stock Details PFD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-22,964	Closed	-$348K	–	516
2016 Q3	$348K	Sell	22,964 -3,970	-15%	-$62.2K	0.01%	439
2016 Q2	$421K	Sell	26,934 -6,458	-19%	-$96K	0.01%	405
2016 Q1	$474K	Buy	+33,392	New	+$444K	0.01%	413

Other funds holding PFD

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

RCM

Robinson Capital Management Grosse Pointe Farms, Michigan $239M AUM 0.62% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

DADC

D.A. Davidson & Co Great Falls, Montana $16.5B AUM 19.94% 1-Year Est. Return

CCM

Covington Capital Management Los Angeles, California $2.32B AUM 12.18% 1-Year Est. Return

PAG

Private Advisor Group Morristown, New Jersey $21.3B AUM 22.13% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Horizon Kinetics's PFD Position: Q4 2016 in Review

Horizon Kinetics sold out of Flaherty & Crumrine Preferred and Income Fund (PFD) in Q4 2016, closing a stake of 22,964 shares — an estimated $348K sold.

Horizon Kinetics first reported a position in PFD in Q1 2016 and held it in 3 quarters. The position peaked at $474K in Q1 2016. 24 funds tracked by Wall St. Rank hold PFD as of Q4 2016.

Horizon Kinetics reported no remaining Flaherty & Crumrine Preferred and Income Fund position as of Q4 2016 after selling out during the quarter.
Horizon Kinetics sold 22,964 Flaherty & Crumrine Preferred and Income Fund shares in Q4 2016, an estimated $348K.
Horizon Kinetics first reported a position in Flaherty & Crumrine Preferred and Income Fund in Q1 2016 and held it in 3 quarters.
Horizon Kinetics's Flaherty & Crumrine Preferred and Income Fund position peaked at $474K in Q1 2016.
24 funds tracked by Wall St. Rank held Flaherty & Crumrine Preferred and Income Fund as of Q4 2016.

Based on Horizon Kinetics's 13F filing for Q4 2016, filed 14 Feb 2017.