Flaherty & Crumrine Preferred and Income Fund
PFD
28 hedge funds and large institutions have $11.7M invested in Flaherty & Crumrine Preferred and Income Fund in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 5 closing their positions.
0.65% less ownership
Funds ownership: 7.64% → 6.99% (-0.65%)
7% less capital invested
Capital invested by funds: $12.6M → $11.7M (-$915K)
13% less funds holding
Funds holding: 32 → 28 (-4)
25% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 12
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$249K |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
+$217K |
| 3 |
FIA
FNY Investment Advisers
New York
|
+$67.3K |
| 4 |
AG
Advisor Group
Phoenix,
Arizona
|
+$62.6K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$49.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$489K |
| 2 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
-$388K |
| 3 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
-$222K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$185K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$161K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
26
Geneos Wealth Management
Englewood,
Colorado
| $18K | – | – | – |
|
27
Citigroup
New York
| $16K | -$6.01K | -400 | -28% |
|
28
US Bancorp
Minneapolis,
Minnesota
| $4K | – | – | – |
|
|
29
Fiera Capital (Canada)
Montreal,
Quebec, Canada
| – | -$185K | -12,537 | Closed |
|
|
RJFSA
30
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$161K | -10,907 | Closed |
|
|
CBT
31
Capital Bank & Trust
Irvine,
California
| – | -$80K | -5,450 | Closed |
|
|
PGAM
32
Princeton Global Asset Management
Princeton,
New Jersey
| – | -$13K | -903 | Closed |
|
PFD Hedge Fund Activity: Q3 2019 in Review
28 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2019, worth a combined $11.7M — down 7.3% from $12.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PFD and 1 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 9 added.
The largest buyer was Wells Fargo, adding an estimated $249K. The largest seller was Cohen & Steers, cutting an estimated $489K.
- 28 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2019, down from 32 in Q2 2019.
- Funds reported $11.7M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2019, down 7.3% quarter-over-quarter.
- 1 fund opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2019 and 5 closed out, a net change of -4 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2019 was Wells Fargo, an estimated $249K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2019 was Cohen & Steers, an estimated $489K sold.
Based on aggregated 13F filings for Q3 2019.