Flaherty & Crumrine Preferred and Income Fund
PFD
36 hedge funds and large institutions have $9.96M invested in Flaherty & Crumrine Preferred and Income Fund in 2018 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
13% more funds holding
Funds holding: 32 → 36 (+4)
0.72% more ownership
Funds ownership: 6.98% → 7.71% (+0.72%)
2% less capital invested
Capital invested by funds: $10.1M → $9.96M (-$179K)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$522K |
| 2 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
+$462K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$437K |
| 4 |
Morgan Stanley
New York
|
+$290K |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$160K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$836K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$186K |
| 3 |
Millennium Management
New York
|
-$161K |
| 4 |
LPL Financial
San Diego,
California
|
-$152K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$111K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FHB
26
First Hawaiian Bank
Honolulu,
Hawaii
| $36K | – | – | – |
|
|
AF
27
Advisornet Financial
Minnetonka,
Minnesota
| $29K | +$15.9K | +1,300 | +108% |
|
28
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $27K | – | – | – |
|
|
PA
29
Parallel Advisors
San Francisco,
California
| $24K | – | – | – |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $20K | – | – | – |
|
31
Citigroup
New York
| $19K | -$7.65K | -625 | -27% |
|
|
GWM
32
Geneos Wealth Management
Englewood,
Colorado
| $13K | – | – | – |
|
33
US Bancorp
Minneapolis,
Minnesota
| $3K | – | – | – |
|
|
AIA
34
Alera Investment Advisors
Deerfield,
Illinois
| $3K | +$3.67K | +300 | New |
|
|
WEC
35
Winslow Evans & Crocker
Boston,
Massachusetts
| $2K | – | – | – |
|
|
WWM
36
Willingdon Wealth Management
Huntersville,
North Carolina
| $1K | – | – | – |
|
|
37
Millennium Management
New York
| – | -$161K | -12,396 | Closed |
|
PFD Hedge Fund Activity: Q4 2018 in Review
36 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2018, worth a combined $9.96M — down 1.8% from $10.1M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PFD positions and 1 closed out — a net gain of 5 holders — while 9 added to existing stakes and 11 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $522K. The largest seller was Invesco, cutting an estimated $836K.
- 36 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2018, up from 32 in Q3 2018.
- Funds reported $9.96M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2018, down 1.8% quarter-over-quarter.
- 6 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2018 and 1 closed out, a net change of +5 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2018 was Cohen & Steers, an estimated $522K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2018 was Invesco, an estimated $836K sold.
Based on aggregated 13F filings for Q4 2018.