Flaherty & Crumrine Preferred and Income Fund
PFD
34 hedge funds and large institutions have $8.71M invested in Flaherty & Crumrine Preferred and Income Fund in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 1 closing their positions.
600% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 1
13% more funds holding
Funds holding: 30 → 34 (+4)
0.5% less ownership
Funds ownership: 7.06% → 6.56% (-0.5%)
29% less capital invested
Capital invested by funds: $12.3M → $8.71M (-$3.6M)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WWM
Western Wealth Management
Golden,
Colorado
|
+$299K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$208K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$150K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$77.5K |
| 5 |
Rockefeller Capital Management
New York
|
+$38.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
-$832K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$383K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$224K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$199K |
| 5 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
-$36.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $22K | – | – | – |
|
|
RCA
27
Ranch Capital Advisors
Sarasota,
Florida
| $21K | – | – | – |
|
|
VCP
28
Verus Capital Partners
Scottsdale,
Arizona
| $18K | – | – | – |
|
|
GWM
29
Geneos Wealth Management
Englewood,
Colorado
| $14K | – | – | – |
|
|
JPLA
30
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| $11K | – | – | – |
|
31
Citigroup
New York
| $10K | -$3.69K | -250 | -24% |
|
|
APA
32
American Portfolios Advisors
Holbrook,
New York
| $8.33K | +$10.2K | +690 | New |
|
|
SF
33
Synovus Financial
Columbus,
Georgia
| $6K | +$7.38K | +500 | New |
|
34
US Bancorp
Minneapolis,
Minnesota
| $4K | – | – | – |
|
|
35
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$224K | -14,371 | Closed |
|
PFD Hedge Fund Activity: Q1 2020 in Review
34 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2020, worth a combined $8.71M — down 29% from $12.3M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PFD positions and 1 closed out — a net gain of 6 holders — while 7 added to existing stakes and 11 trimmed.
The largest buyer was Western Wealth Management, opening a new position worth an estimated $299K. The largest seller was Federation des caisses Desjardins du Quebec, cutting an estimated $832K.
- 34 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2020, up from 30 in Q4 2019.
- Funds reported $8.71M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2020, down 29% quarter-over-quarter.
- 7 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2020 and 1 closed out, a net change of +6 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2020 was Western Wealth Management, an estimated $299K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2020 was Federation des caisses Desjardins du Quebec, an estimated $832K sold.
Based on aggregated 13F filings for Q1 2020.