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PFD

Flaherty & Crumrine Preferred and Income Fund

40 hedge funds and large institutions have $15.6M invested in Flaherty & Crumrine Preferred and Income Fund in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 12

1.07% more ownership

Funds ownership: 10.95%12.02% (+1.1%)

3% more capital invested

Capital invested by funds: $15.1M → $15.6M (+$523K)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

2% less funds holding

Funds holding: 4140 (-1)

Holders
40
Holders Change
-1
Holders Change %
-2.44%
% of All Funds
0.64%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
14
Reduced
12
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
MFA
26
McClarren Financial Advisors
Pennsylvania
$97K +$1.61K +138 +2%
SIA
27
Sit Investment Associates
Minnesota
$81K +$89.2K +7,622 New
Bank of America
28
Bank of America
North Carolina
$67K -$520K -44,447 -88%
PFA
29
Pathway Financial Advisers
Indiana
$39.9K
IA
30
IFP Advisors
Florida
$27K +$23.4K +2,000 New
Northwestern Mutual Wealth Management
31
Northwestern Mutual Wealth Management
Wisconsin
$25.1K +$421 +36 +2%
ASN
32
Advisory Services Network
Georgia
$21.7K
GWSG
33
GPS Wealth Strategies Group
Colorado
$13.3K +$14.6K +1,250 New
WWM
34
Wolff Wiese Magana
California
$10.6K
GWM
35
Geneos Wealth Management
Colorado
$3.82K
US Bancorp
36
US Bancorp
Minnesota
$3.18K
WWP
37
WR Wealth Planners
Missouri
$3.09K +$3.4K +291 New
CIA
38
Cape Investment Advisory
Georgia
$2.12K +$2.34K +200 New
BTI
39
Blue Trust Inc
Georgia
$2K
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$189 +$2.88K +246 +1%
RCM
41
Robinson Capital Management
Michigan
-$263K -23,283 Closed
CW
42
CreativeOne Wealth
Kansas
-$207K -18,600 Closed
Rockefeller Capital Management
43
Rockefeller Capital Management
New York
-$33K -3,000 Closed
UB
44
UMB Bank
Missouri
-$11K -1,000 Closed
BAM
45
Belpointe Asset Management
Nevada
-$5.55K -500 Closed
FCA
46
Fortis Capital Advisors
Kansas
-$5.55K -500 Closed
WAM
47
Wolverine Asset Management
Illinois
-$2.31K -208 Closed

PFD Hedge Fund Activity: Q1 2023 in Review

40 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2023, worth a combined $15.6M — up 3.5% from $15.1M a quarter earlier.

Fund positioning in PFD was balanced in Q1 2023: 7 funds opened new positions, 7 closed out, 14 added to existing stakes and 12 trimmed.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $1.78M. The largest seller was Bank of America, cutting an estimated $520K.

  • 40 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2023, down from 41 in Q4 2022.
  • Funds reported $15.6M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2023, up 3.5% quarter-over-quarter.
  • 7 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2023 and 7 closed out, a net change of 0 holders.
  • The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2023 was Raymond James Financial Services Advisors, an estimated $1.78M added.
  • The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2023 was Bank of America, an estimated $520K sold.

Based on aggregated 13F filings for Q1 2023.