Flaherty & Crumrine Preferred and Income Fund
PFD
30 hedge funds and large institutions have $9.75M invested in Flaherty & Crumrine Preferred and Income Fund in 2018 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 4 closing their positions.
4% more capital invested
Capital invested by funds: $9.34M → $9.75M (+$406K)
0.29% more ownership
Funds ownership: 6.15% → 6.44% (+0.29%)
6% less funds holding
Funds holding: 32 → 30 (-2)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$490K |
| 2 |
Cohen & Steers
New York
|
+$474K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$200K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$197K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$48.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$649K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$173K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$78.4K |
| 4 |
LPL Financial
San Diego,
California
|
-$48.1K |
| 5 |
LGWM
Litman Gregory Wealth Management
Larkspur,
California
|
-$45K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
26
Advisornet Financial
Minnetonka,
Minnesota
| $16K | – | – | – |
|
|
GWM
27
Geneos Wealth Management
Englewood,
Colorado
| $16K | – | – | – |
|
28
US Bancorp
Minneapolis,
Minnesota
| $4K | – | – | – |
|
|
WEC
29
Winslow Evans & Crocker
Boston,
Massachusetts
| $2K | – | – | – |
|
|
IA
30
IFP Advisors
Tampa,
Florida
| $1K | -$5.3K | -393 | -80% |
|
|
31
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$173K | -12,734 | Closed |
|
|
LGWM
32
Litman Gregory Wealth Management
Larkspur,
California
| – | -$45K | -3,300 | Closed |
|
|
RPG
33
Risk Paradigm Group
Austin,
Texas
| – | -$13.7K | -1,260 | Closed |
|
PFD Hedge Fund Activity: Q2 2018 in Review
30 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q2 2018, worth a combined $9.75M — up 4.3% from $9.34M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PFD and 2 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Robinson Capital Management, adding an estimated $490K. The largest seller was Wolverine Asset Management, cutting an estimated $649K.
- 30 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q2 2018, down from 32 in Q1 2018.
- Funds reported $9.75M of Flaherty & Crumrine Preferred and Income Fund stock for Q2 2018, up 4.3% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q2 2018 and 4 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q2 2018 was Robinson Capital Management, an estimated $490K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q2 2018 was Wolverine Asset Management, an estimated $649K sold.
Based on aggregated 13F filings for Q2 2018.