Flaherty & Crumrine Preferred and Income Fund
PFD
21 hedge funds and large institutions have $4.32M invested in Flaherty & Crumrine Preferred and Income Fund in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
6% more capital invested
Capital invested by funds: $4.06M → $4.32M (+$262K)
0.18% less ownership
Funds ownership: 3.01% → 2.84% (-0.18%)
19% less funds holding
Funds holding: 26 → 21 (-5)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$608K |
| 2 |
LPL Financial
San Diego,
California
|
+$203K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$151K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$38.9K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$34K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Noesis Capital Mangement
Boca Raton,
Florida
|
-$564K |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$256K |
| 3 |
SG Americas Securities
New York
|
-$209K |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$123K |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$25K |
PFD Hedge Fund Activity: Q1 2014 in Review
21 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2014, worth a combined $4.32M — up 6.5% from $4.06M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PFD and 2 opened new positions — a net loss of 5 holders — while 5 trimmed existing stakes and 10 added.
The largest buyer was Invesco, opening a new position worth an estimated $608K. The largest seller was Noesis Capital Mangement, cutting an estimated $564K.
- 21 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2014, down from 26 in Q4 2013.
- Funds reported $4.32M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2014, up 6.5% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2014 and 7 closed out, a net change of -5 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2014 was Invesco, an estimated $608K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2014 was Noesis Capital Mangement, an estimated $564K sold.
Based on aggregated 13F filings for Q1 2014.