Flaherty & Crumrine Preferred and Income Fund
PFD
28 hedge funds and large institutions have $9.8M invested in Flaherty & Crumrine Preferred and Income Fund in 2017 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 4 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
1% more capital invested
Capital invested by funds: $9.73M → $9.8M (+$67.8K)
0.18% more ownership
Funds ownership: 5.8% → 5.97% (+0.18%)
3% less funds holding
Funds holding: 29 → 28 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
+$906K |
| 2 |
LCM
Laurion Capital Management
New York
|
+$251K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$123K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$120K |
| 5 |
Morgan Stanley
New York
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$689K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$291K |
| 3 |
AIA
Allegis Investment Advisors
Idaho Falls,
Idaho
|
-$198K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$107K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$69K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
26
Geneos Wealth Management
Englewood,
Colorado
| $9K | – | – | – |
|
|
WEC
27
Winslow Evans & Crocker
Boston,
Massachusetts
| $8.76K | – | – | – |
|
|
IA
28
IFP Advisors
Tampa,
Florida
| $7K | -$6.13K | -400 | -45% |
|
|
RCM
29
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$689K | -45,495 | Closed |
|
|
AIA
30
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$198K | -16,154 | Closed |
|
31
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$3K | -200 | Closed |
|
|
MFW
32
Mosaic Family Wealth
St. Louis,
Missouri
| – | -$2K | -125 | Closed |
|
PFD Hedge Fund Activity: Q4 2017 in Review
28 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2017, worth a combined $9.8M — up 0.7% from $9.73M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PFD and 3 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 12 added.
The largest buyer was Cedar Hill Associates, opening a new position worth an estimated $906K. The largest seller was Robinson Capital Management, exiting entirely with an estimated $689K sold.
- 28 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2017, down from 29 in Q3 2017.
- Funds reported $9.8M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2017, up 0.7% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2017 and 4 closed out, a net change of -1 holder.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2017 was Cedar Hill Associates, an estimated $906K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2017 was Robinson Capital Management, an estimated $689K sold.
Based on aggregated 13F filings for Q4 2017.