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PFD

Flaherty & Crumrine Preferred and Income Fund
PFD

41 hedge funds and large institutions have $14.3M invested in Flaherty & Crumrine Preferred and Income Fund in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

200% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 5

24% more funds holding

Funds holding: 33 → 41 (+8)

0.46% more ownership

Funds ownership: 12.21% → 12.66% (+0.46%)

4% less capital invested

Capital invested by funds: $14.9M → $14.3M (-$595K)

Holders
41
Holders Change
+8
Holders Change %
+24.24%
% of All Funds
0.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
15
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
WAM
Wolverine Asset Management
Illinois
+$678K
2
AA
AQR Arbitrage
Connecticut
+$431K
3
UBS Group
UBS Group
Switzerland
+$406K
4
RCM
Robinson Capital Management
Michigan
+$389K
5
SCM
Saba Capital Management
New York
+$248K

Top Sellers

1
Invesco
Invesco
Georgia
-$1.33M
2
HBCM
Heron Bay Capital Management
Michigan
-$408K
3
NA
NewEdge Advisors
Louisiana
-$157K
4
PWPS
Pinnacle Wealth Planning Services
Ohio
-$153K
5
Morgan Stanley
Morgan Stanley
New York
-$64.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
MFA
26
McClarren Financial Advisors
Pennsylvania
$86K +$1.04K +107 +1%
Bank of America
27
Bank of America
North Carolina
$84.8K +$5.05K +518 +6%
SIA
28
Sit Investment Associates
Minnesota
$70K – – –
PFA
29
Pathway Financial Advisers
Indiana
$34.3K +$36.7K +3,761 New
Northwestern Mutual Wealth Management
30
Northwestern Mutual Wealth Management
Wisconsin
$22.4K +$410 +42 +2%
Comerica Bank
31
Comerica Bank
Texas
$20.9K +$22.3K +2,290 New
GWSG
32
GPS Wealth Strategies Group
Colorado
$11.4K – – –
WWM
33
Wolff Wiese Magana
California
$9.09K – – –
SPIA
34
Steward Partners Investment Advisory
New York
$6.85K +$7.32K +750 New
GWM
35
Geneos Wealth Management
Colorado
$3.29K – – –
US Bancorp
36
US Bancorp
Minnesota
$2.74K – – –
WWP
37
WR Wealth Planners
Missouri
$2.66K – – –
BTI
38
Blue Trust Inc
Georgia
$2K – – –
CIA
39
Cape Investment Advisory
Georgia
$1.83K – – –
TRCT
40
Tower Research Capital (TRC)
New York
$685 +$732 +75 New
Fidelity Investments
41
Fidelity Investments
Massachusetts
$9 +$10 +1 New
Invesco
42
Invesco
Georgia
– -$1.33M -134,420 Closed
HBCM
43
Heron Bay Capital Management
Michigan
– -$408K -41,405 Closed
PWPS
44
Pinnacle Wealth Planning Services
Ohio
– -$153K -15,500 Closed
1
2

PFD Hedge Fund Activity: Q3 2023 in Review

41 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2023, worth a combined $14.3M — down 4% from $14.9M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PFD positions and 3 closed out — a net gain of 8 holders — while 15 added to existing stakes and 5 trimmed.

The largest buyer was Wolverine Asset Management, adding an estimated $678K. The largest seller was Invesco, exiting entirely with an estimated $1.33M sold.

  • 41 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2023, up from 33 in Q2 2023.
  • Funds reported $14.3M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2023, down 4% quarter-over-quarter.
  • 11 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2023 and 3 closed out, a net change of +8 holders.
  • The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2023 was Wolverine Asset Management, an estimated $678K added.
  • The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2023 was Invesco, an estimated $1.33M sold.

Based on aggregated 13F filings for Q3 2023.