Flaherty & Crumrine Preferred and Income Fund
PFD
37 hedge funds and large institutions have $13M invested in Flaherty & Crumrine Preferred and Income Fund in 2022 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 9 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
0.36% less ownership
Funds ownership: 8.73% → 8.37% (-0.36%)
10% less capital invested
Capital invested by funds: $14.5M → $13M (-$1.51M)
16% less funds holding
Funds holding: 44 → 37 (-7)
78% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$438K |
| 2 |
CF
Centaurus Financial
Anaheim,
California
|
+$111K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$93K |
| 4 |
SA
SFI Advisors
Montclair,
New Jersey
|
+$78.8K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$67.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$353K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$235K |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$207K |
| 4 |
LPL Financial
San Diego,
California
|
-$167K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$154K |
PFD Hedge Fund Activity: Q2 2022 in Review
37 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q2 2022, worth a combined $13M — down 10% from $14.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PFD and 2 opened new positions — a net loss of 7 holders — while 12 trimmed existing stakes and 12 added.
The largest buyer was Morgan Stanley, adding an estimated $438K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $353K sold.
- 37 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q2 2022, down from 44 in Q1 2022.
- Funds reported $13M of Flaherty & Crumrine Preferred and Income Fund stock for Q2 2022, down 10% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q2 2022 and 9 closed out, a net change of -7 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q2 2022 was Morgan Stanley, an estimated $438K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q2 2022 was Wolverine Asset Management, an estimated $353K sold.
Based on aggregated 13F filings for Q2 2022.