Flaherty & Crumrine Preferred and Income Fund
PFD
30 hedge funds and large institutions have $12.3M invested in Flaherty & Crumrine Preferred and Income Fund in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
7% more funds holding
Funds holding: 28 → 30 (+2)
5% more capital invested
Capital invested by funds: $11.7M → $12.3M (+$622K)
0.07% more ownership
Funds ownership: 6.99% → 7.06% (+0.07%)
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$471K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$70.5K |
| 3 |
SW
SVB Wealth
Boston,
Massachusetts
|
+$60.8K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$44.4K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$27.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$1.06M |
| 2 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
-$218K |
| 3 |
Morgan Stanley
New York
|
-$131K |
| 4 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
-$116K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$71.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $22K | – | – | – |
|
|
GWM
27
Geneos Wealth Management
Englewood,
Colorado
| $18K | – | – | – |
|
28
Citigroup
New York
| $16K | – | – | – |
|
|
JPLA
29
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| $14K | -$48.3K | -3,100 | -78% |
|
30
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
|
31
Cohen & Steers
New York
| – | -$1.06M | -71,121 | Closed |
|
|
FIA
32
FNY Investment Advisers
New York
| – | -$66K | -4,480 | Closed |
|
PFD Hedge Fund Activity: Q4 2019 in Review
30 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2019, worth a combined $12.3M — up 5.3% from $11.7M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PFD positions and 2 closed out — a net gain of 2 holders — while 9 added to existing stakes and 9 trimmed.
The largest buyer was Wells Fargo, adding an estimated $471K. The largest seller was Cohen & Steers, exiting entirely with an estimated $1.06M sold.
- 30 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2019, up from 28 in Q3 2019.
- Funds reported $12.3M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2019, up 5.3% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2019 and 2 closed out, a net change of +2 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2019 was Wells Fargo, an estimated $471K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2019 was Cohen & Steers, an estimated $1.06M sold.
Based on aggregated 13F filings for Q4 2019.