Flaherty & Crumrine Preferred and Income Fund
PFD
32 hedge funds and large institutions have $10.1M invested in Flaherty & Crumrine Preferred and Income Fund in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 4 reducing their positions, and 4 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 4
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
7% more funds holding
Funds holding: 30 → 32 (+2)
4% more capital invested
Capital invested by funds: $9.75M → $10.1M (+$389K)
0.54% more ownership
Funds ownership: 6.44% → 6.98% (+0.54%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$356K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$293K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$182K |
| 4 |
Millennium Management
New York
|
+$171K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$112K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$409K |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$157K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$95.4K |
| 4 |
RCG
Ruggie Capital Group
Tavares,
Florida
|
-$68K |
| 5 |
CCM
Covington Capital Management
Los Angeles,
California
|
-$46.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $24K | – | – | – |
|
|
TC
27
Truvestments Capital
Sarasota,
Florida
| $23K | +$24.1K | +1,750 | New |
|
|
AF
28
Advisornet Financial
Minnetonka,
Minnesota
| $16K | – | – | – |
|
|
GWM
29
Geneos Wealth Management
Englewood,
Colorado
| $15K | – | – | – |
|
30
US Bancorp
Minneapolis,
Minnesota
| $4K | – | – | – |
|
|
WEC
31
Winslow Evans & Crocker
Boston,
Massachusetts
| $2K | – | – | – |
|
|
WWM
32
Willingdon Wealth Management
Huntersville,
North Carolina
| $1K | +$1.24K | +90 | New |
|
|
33
HighTower Advisors
Chicago,
Illinois
| – | -$157K | -11,604 | Closed |
|
|
RCG
34
Ruggie Capital Group
Tavares,
Florida
| – | -$68K | -5,000 | Closed |
|
35
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$39K | -2,863 | Closed |
|
|
IA
36
IFP Advisors
Tampa,
Florida
| – | -$1K | -100 | Closed |
|
PFD Hedge Fund Activity: Q3 2018 in Review
32 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2018, worth a combined $10.1M — up 4% from $9.75M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PFD positions and 4 closed out — a net gain of 2 holders — while 14 added to existing stakes and 4 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $356K. The largest seller was Robinson Capital Management, cutting an estimated $409K.
- 32 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2018, up from 30 in Q2 2018.
- Funds reported $10.1M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2018, up 4% quarter-over-quarter.
- 6 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2018 and 4 closed out, a net change of +2 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2018 was Cohen & Steers, an estimated $356K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2018 was Robinson Capital Management, an estimated $409K sold.
Based on aggregated 13F filings for Q3 2018.