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PFD

Flaherty & Crumrine Preferred and Income Fund

43 hedge funds and large institutions have $18.7M invested in Flaherty & Crumrine Preferred and Income Fund in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more capital invested

Capital invested by funds: $14.3M → $18.7M (+$4.42M)

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

5% more funds holding

Funds holding: 4143 (+2)

2.63% more ownership

Funds ownership: 12.66%15.29% (+2.6%)

8% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 12

Holders
43
Holders Change
+2
Holders Change %
+4.88%
% of All Funds
0.63%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
9
Increased
13
Reduced
12
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CFG
26
Cooper Financial Group
California
$135K -$60.2K -6,400 -32%
Wealth Enhancement Advisory Services
27
Wealth Enhancement Advisory Services
Minnesota
$109K +$7.64K +813 +8%
RL
28
RPO LLC
Connecticut
$108K +$103K +10,912 New
MFA
29
McClarren Financial Advisors
Pennsylvania
$95K +$1.6K +170 +2%
Comerica Bank
30
Comerica Bank
Texas
$73.9K +$48.8K +5,191 +227%
PFA
31
Pathway Financial Advisers
Indiana
$37.2K
Northwestern Mutual Wealth Management
32
Northwestern Mutual Wealth Management
Wisconsin
$24.6K +$404 +43 +2%
JP Morgan Chase
33
JP Morgan Chase
New York
$16K +$15.3K +1,624 New
GWSG
34
GPS Wealth Strategies Group
Colorado
$12.3K
ASN
35
Advisory Services Network
Georgia
$11.6K +$11K +1,171 New
PS
36
Principal Securities
Iowa
$10.3K +$9.78K +1,040 New
WWM
37
Wolff Wiese Magana
California
$9.84K
SPIA
38
Steward Partners Investment Advisory
New York
$7.41K
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$6.84K +$6.5K +692 New
GWM
40
Geneos Wealth Management
Colorado
$3.56K
US Bancorp
41
US Bancorp
Minnesota
$2.96K
BTI
42
Blue Trust Inc
Georgia
$2K
CIA
43
Cape Investment Advisory
Georgia
$1.98K
Baird Financial Group
44
Baird Financial Group
Wisconsin
-$397K -43,444 Closed
NA
45
NewEdge Advisors
Louisiana
-$120K -13,100 Closed
HF
46
HRT Financial
New York
-$110K -12,100 Closed
Susquehanna International Group
47
Susquehanna International Group
Pennsylvania
-$101K -11,094 Closed
WWP
48
WR Wealth Planners
Missouri
-$2.66K -291 Closed
TRCT
49
Tower Research Capital (TRC)
New York
-$685 -75 Closed
Fidelity Investments
50
Fidelity Investments
Massachusetts
-$9 -1 Closed

PFD Hedge Fund Activity: Q4 2023 in Review

43 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2023, worth a combined $18.7M — up 31% from $14.3M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new PFD positions and 7 closed out — a net gain of 2 holders — while 13 added to existing stakes and 12 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.72M. The largest seller was Centaurus Financial, cutting an estimated $815K.

  • 43 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2023, up from 41 in Q3 2023.
  • Funds reported $18.7M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2023, up 31% quarter-over-quarter.
  • 9 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2023 and 7 closed out, a net change of +2 holders.
  • The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $1.72M added.
  • The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2023 was Centaurus Financial, an estimated $815K sold.

Based on aggregated 13F filings for Q4 2023.