Flaherty & Crumrine Preferred and Income Fund
PFD
33 hedge funds and large institutions have $14.9M invested in Flaherty & Crumrine Preferred and Income Fund in 2023 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 7 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
0.19% more ownership
Funds ownership: 12.02% → 12.21% (+0.19%)
4% less capital invested
Capital invested by funds: $15.6M → $14.9M (-$686K)
18% less funds holding
Funds holding: 40 → 33 (-7)
86% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$448K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$292K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$244K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$221K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$87.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HBCM
Heron Bay Capital Management
Bloomfield Hills,
Michigan
|
-$284K |
| 2 |
SWMP
Signature Wealth Management Partners
Montvale,
New Jersey
|
-$152K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$144K |
| 4 |
Cerity Partners
New York
|
-$142K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$113K |
PFD Hedge Fund Activity: Q2 2023 in Review
33 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q2 2023, worth a combined $14.9M — down 4.4% from $15.6M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PFD and 1 opened new positions — a net loss of 6 holders — while 9 trimmed existing stakes and 12 added.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $448K. The largest seller was Heron Bay Capital Management, cutting an estimated $284K.
- 33 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q2 2023, down from 40 in Q1 2023.
- Funds reported $14.9M of Flaherty & Crumrine Preferred and Income Fund stock for Q2 2023, down 4.4% quarter-over-quarter.
- 1 fund opened new Flaherty & Crumrine Preferred and Income Fund positions in Q2 2023 and 7 closed out, a net change of -6 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q2 2023 was Wolverine Asset Management, an estimated $448K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q2 2023 was Heron Bay Capital Management, an estimated $284K sold.
Based on aggregated 13F filings for Q2 2023.