Flaherty & Crumrine Preferred and Income Fund
PFD
22 hedge funds and large institutions have $6.89M invested in Flaherty & Crumrine Preferred and Income Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 4 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
48% more capital invested
Capital invested by funds: $4.67M → $6.89M (+$2.22M)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
5% more funds holding
Funds holding: 21 → 22 (+1)
1.14% more ownership
Funds ownership: 3.25% → 4.4% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$773K |
| 2 |
LPL Financial
San Diego,
California
|
+$600K |
| 3 |
HK
Horizon Kinetics
New York
|
+$444K |
| 4 |
NCM
Noesis Capital Mangement
Boca Raton,
Florida
|
+$195K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$89.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$506K |
| 2 |
Citigroup
New York
|
-$157K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$39.9K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$26K |
| 5 |
MFW
Mosaic Family Wealth
St. Louis,
Missouri
|
-$18K |
PFD Hedge Fund Activity: Q1 2016 in Review
22 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2016, worth a combined $6.89M — up 48% from $4.67M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PFD positions and 4 closed out — a net gain of 1 holder — while 9 added to existing stakes and 4 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $773K. The largest seller was Curi RMB Capital, exiting entirely with an estimated $506K sold.
- 22 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2016, up from 21 in Q4 2015.
- Funds reported $6.89M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2016, up 48% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2016 and 4 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2016 was Morgan Stanley, an estimated $773K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2016 was Curi RMB Capital, an estimated $506K sold.
Based on aggregated 13F filings for Q1 2016.