Flaherty & Crumrine Preferred and Income Fund
PFD
32 hedge funds and large institutions have $9.34M invested in Flaherty & Crumrine Preferred and Income Fund in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
14% more funds holding
Funds holding: 28 → 32 (+4)
0.18% more ownership
Funds ownership: 5.97% → 6.15% (+0.18%)
5% less capital invested
Capital invested by funds: $9.8M → $9.34M (-$455K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$873K |
| 2 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
+$501K |
| 3 |
Morgan Stanley
New York
|
+$230K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$178K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$174K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
-$698K |
| 2 |
LCM
Laurion Capital Management
New York
|
-$246K |
| 3 |
NCM
Noesis Capital Mangement
Boca Raton,
Florida
|
-$207K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$168K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$153K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
26
Advisornet Financial
Minnetonka,
Minnesota
| $16K | +$16.8K | +1,200 | New |
|
|
AG
27
Advisor Group
Phoenix,
Arizona
| $15K | +$5.66K | +404 | +55% |
|
|
RPG
28
Risk Paradigm Group
Austin,
Texas
| $13.7K | +$17.6K | +1,260 | New |
|
|
IA
29
IFP Advisors
Tampa,
Florida
| $7K | – | – | – |
|
30
US Bancorp
Minneapolis,
Minnesota
| $4K | +$4.2K | +300 | New |
|
|
WEC
31
Winslow Evans & Crocker
Boston,
Massachusetts
| $1.84K | -$6.3K | -450 | -77% |
|
|
CHA
32
Cedar Hill Associates
Chicago,
Illinois
| – | -$698K | -59,100 | Closed |
|
|
LCM
33
Laurion Capital Management
New York
| – | -$246K | -16,395 | Closed |
|
|
NCM
34
Noesis Capital Mangement
Boca Raton,
Florida
| – | -$207K | -13,814 | Closed |
|
|
PAG
35
Private Advisor Group
Morristown,
New Jersey
| – | -$168K | -11,288 | Closed |
|
|
36
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$153K | -10,182 | Closed |
|
|
GI
37
Gradient Investments
Arden Hills,
Minnesota
| – | +$56 | +4 | New |
|
PFD Hedge Fund Activity: Q1 2018 in Review
32 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2018, worth a combined $9.34M — down 4.6% from $9.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PFD positions and 5 closed out — a net gain of 4 holders — while 10 added to existing stakes and 7 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $873K. The largest seller was Cedar Hill Associates, exiting entirely with an estimated $698K sold.
- 32 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2018, up from 28 in Q4 2017.
- Funds reported $9.34M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2018, down 4.6% quarter-over-quarter.
- 9 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2018 and 5 closed out, a net change of +4 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2018 was Wolverine Asset Management, an estimated $873K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2018 was Cedar Hill Associates, an estimated $698K sold.
Based on aggregated 13F filings for Q1 2018.