Flaherty & Crumrine Preferred and Income Fund
PFD
32 hedge funds and large institutions have $11.3M invested in Flaherty & Crumrine Preferred and Income Fund in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 6 closing their positions.
29% more capital invested
Capital invested by funds: $8.71M → $11.3M (+$2.55M)
0.34% more ownership
Funds ownership: 6.56% → 6.9% (+0.34%)
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
6% less funds holding
Funds holding: 34 → 32 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$974K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$193K |
| 3 |
PWPS
Pinnacle Wealth Planning Services
Mansfield,
Ohio
|
+$183K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$129K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$92.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
-$173K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$170K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$168K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$149K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$132K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
26
Geneos Wealth Management
Englewood,
Colorado
| $17K | – | – | – |
|
|
OPS
27
Orion Portfolio Solutions
Omaha,
Nebraska
| $17K | +$16.1K | +1,149 | New |
|
28
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $16K | +$15.4K | +1,100 | New |
|
29
Citigroup
New York
| $12K | – | – | – |
|
|
APA
30
American Portfolios Advisors
Holbrook,
New York
| $10K | – | – | – |
|
|
JPLA
31
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| $9K | -$4.21K | -300 | -33% |
|
32
US Bancorp
Minneapolis,
Minnesota
| $4K | – | – | – |
|
|
PAS
33
Partnervest Advisory Services
Santa Barbara,
California
| – | -$173K | -14,300 | Closed |
|
|
RJA
34
Raymond James & Associates
St Petersburg,
Florida
| – | -$170K | -14,094 | Closed |
|
|
CRC
35
Curi RMB Capital
Chicago,
Illinois
| – | -$168K | -13,897 | Closed |
|
|
36
Invesco
Atlanta,
Georgia
| – | -$132K | -10,972 | Closed |
|
|
NFG
37
Next Financial Group
Houston,
Texas
| – | -$22K | -1,813 | Closed |
|
|
SF
38
Synovus Financial
Columbus,
Georgia
| – | -$6K | -500 | Closed |
|
PFD Hedge Fund Activity: Q2 2020 in Review
32 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q2 2020, worth a combined $11.3M — up 29% from $8.71M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PFD and 5 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 8 added.
The largest buyer was Morgan Stanley, adding an estimated $974K. The largest seller was Partnervest Advisory Services, exiting entirely with an estimated $173K sold.
- 32 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q2 2020, down from 34 in Q1 2020.
- Funds reported $11.3M of Flaherty & Crumrine Preferred and Income Fund stock for Q2 2020, up 29% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q2 2020 and 6 closed out, a net change of -1 holder.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q2 2020 was Morgan Stanley, an estimated $974K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q2 2020 was Partnervest Advisory Services, an estimated $173K sold.
Based on aggregated 13F filings for Q2 2020.