Flaherty & Crumrine Preferred and Income Fund
PFD
26 hedge funds and large institutions have $4.06M invested in Flaherty & Crumrine Preferred and Income Fund in 2013 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
14% more capital invested
Capital invested by funds: $3.56M → $4.06M (+$499K)
8% more funds holding
Funds holding: 24 → 26 (+2)
0.4% more ownership
Funds ownership: 2.61% → 3.01% (+0.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
+$261K |
| 2 |
SG Americas Securities
New York
|
+$214K |
| 3 |
Morgan Stanley
New York
|
+$131K |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$126K |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$125K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$156K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$63K |
| 3 |
LPL Financial
San Diego,
California
|
-$40.8K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$29.6K |
| 5 |
NCM
Noesis Capital Mangement
Boca Raton,
Florida
|
-$25K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Ameriprise
Minneapolis,
Minnesota
| – | -$63K | -5,113 | Closed |
|
27
Nomura Holdings
Tokyo,
Japan
| – | -$22K | -1,798 | Closed |
|
PFD Hedge Fund Activity: Q4 2013 in Review
26 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2013, worth a combined $4.06M — up 14% from $3.56M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PFD positions and 2 closed out — a net gain of 2 holders — while 8 added to existing stakes and 7 trimmed.
The largest buyer was Virtu KCG Holdings, opening a new position worth an estimated $261K. The largest seller was Wolverine Asset Management, cutting an estimated $156K.
- 26 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2013, up from 24 in Q3 2013.
- Funds reported $4.06M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2013, up 14% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2013 and 2 closed out, a net change of +2 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2013 was Virtu KCG Holdings, an estimated $261K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2013 was Wolverine Asset Management, an estimated $156K sold.
Based on aggregated 13F filings for Q4 2013.