Flaherty & Crumrine Preferred and Income Fund
PFD
32 hedge funds and large institutions have $13.5M invested in Flaherty & Crumrine Preferred and Income Fund in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
20% more capital invested
Capital invested by funds: $11.3M → $13.5M (+$2.23M)
0.38% more ownership
Funds ownership: 6.9% → 7.27% (+0.38%)
0% more funds holding
Funds holding: 32 → 32 (0)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$285K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$206K |
| 3 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
+$173K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$163K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$158K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WWM
Western Wealth Management
Golden,
Colorado
|
-$305K |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$134K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$105K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$86K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$60.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCA
26
Ranch Capital Advisors
Sarasota,
Florida
| $28K | – | – | – |
|
|
GWM
27
Geneos Wealth Management
Englewood,
Colorado
| $24K | +$5.06K | +325 | +27% |
|
28
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $22K | – | – | – |
|
29
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $18K | – | – | – |
|
30
Citigroup
New York
| $13K | – | – | – |
|
|
APA
31
American Portfolios Advisors
Holbrook,
New York
| $11.4K | – | – | – |
|
32
US Bancorp
Minneapolis,
Minnesota
| $5K | – | – | – |
|
|
WWM
33
Western Wealth Management
Golden,
Colorado
| – | -$305K | -21,032 | Closed |
|
|
CAN
34
Cetera Advisor Networks
El Segundo,
California
| – | -$134K | -9,216 | Closed |
|
|
PAG
35
Private Advisor Group
Morristown,
New Jersey
| – | -$86K | -5,892 | Closed |
|
|
OPS
36
Orion Portfolio Solutions
Omaha,
Nebraska
| – | -$17K | -1,149 | Closed |
|
|
JPLA
37
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| – | -$9K | -600 | Closed |
|
PFD Hedge Fund Activity: Q3 2020 in Review
32 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2020, worth a combined $13.5M — up 20% from $11.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PFD positions and 5 closed out — a net gain of 1 holder — while 8 added to existing stakes and 9 trimmed.
The largest buyer was LPL Financial, adding an estimated $285K. The largest seller was Western Wealth Management, exiting entirely with an estimated $305K sold.
- 32 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2020, unchanged from Q2 2020.
- Funds reported $13.5M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2020, up 20% quarter-over-quarter.
- 6 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2020 and 5 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2020 was LPL Financial, an estimated $285K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2020 was Western Wealth Management, an estimated $305K sold.
Based on aggregated 13F filings for Q3 2020.