Flaherty & Crumrine Preferred and Income Fund
PFD
43 hedge funds and large institutions have $22.2M invested in Flaherty & Crumrine Preferred and Income Fund in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 5 closing their positions.
18% more capital invested
Capital invested by funds: $18.7M → $22.2M (+$3.42M)
0.99% more ownership
Funds ownership: 15.29% → 16.28% (+0.99%)
0% more funds holding
Funds holding: 43 → 43 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.13M |
| 2 |
SA
SFI Advisors
Montclair,
New Jersey
|
+$611K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$493K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$272K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$185K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.88M |
| 2 |
SCM
Saba Capital Management
New York
|
-$193K |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
-$170K |
| 4 |
RL
RPO LLC
Stamford,
Connecticut
|
-$108K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$81.2K |
PFD Hedge Fund Activity: Q1 2024 in Review
43 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2024, worth a combined $22.2M — up 18% from $18.7M a quarter earlier.
Fund positioning in PFD was balanced in Q1 2024: 5 funds opened new positions, 5 closed out, 14 added to existing stakes and 14 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.13M. The largest seller was Morgan Stanley, cutting an estimated $1.88M.
- 43 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $22.2M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2024, up 18% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2024 and 5 closed out, a net change of 0 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2024 was Sit Investment Associates, an estimated $2.13M added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $1.88M sold.
Based on aggregated 13F filings for Q1 2024.