Flaherty & Crumrine Preferred and Income Fund
PFD
44 hedge funds and large institutions have $19.3M invested in Flaherty & Crumrine Preferred and Income Fund in 2021 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 4 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
5% more funds holding
Funds holding: 42 → 44 (+2)
0.19% less ownership
Funds ownership: 10.39% → 10.2% (-0.19%)
7% less capital invested
Capital invested by funds: $20.8M → $19.3M (-$1.48M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$305K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$257K |
| 3 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$245K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$226K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$194K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.25M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$233K |
| 3 |
CCA
Cadent Capital Advisors
Tulsa,
Oklahoma
|
-$115K |
| 4 |
VBCG
Valley Brook Capital Group
Venetia,
Pennsylvania
|
-$88K |
| 5 |
CAC
Certified Advisory Corp
Altamonte Springs,
Florida
|
-$83K |
PFD Hedge Fund Activity: Q2 2021 in Review
44 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q2 2021, worth a combined $19.3M — down 7.1% from $20.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PFD positions and 4 closed out — a net gain of 3 holders — while 14 added to existing stakes and 7 trimmed.
The largest buyer was Mid Atlantic Financial Management, opening a new position worth an estimated $305K. The largest seller was Bank of America, cutting an estimated $1.25M.
- 44 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q2 2021, up from 42 in Q1 2021.
- Funds reported $19.3M of Flaherty & Crumrine Preferred and Income Fund stock for Q2 2021, down 7.1% quarter-over-quarter.
- 7 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q2 2021 and 4 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q2 2021 was Mid Atlantic Financial Management, an estimated $305K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q2 2021 was Bank of America, an estimated $1.25M sold.
Based on aggregated 13F filings for Q2 2021.