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PFD

Flaherty & Crumrine Preferred and Income Fund
PFD

47 hedge funds and large institutions have $33.8M invested in Flaherty & Crumrine Preferred and Income Fund in 2025 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 9

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

7% more capital invested

Capital invested by funds: $31.7M → $33.8M (+$2.1M)

1.04% more ownership

Funds ownership: 22.23% → 23.27% (+1%)

2% less funds holding

Funds holding: 48 → 47 (-1)

Holders
47
Holders Change
-1
Holders Change %
-2.08%
% of All Funds
0.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
15
Reduced
9
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.63M
2
WAM
Wolverine Asset Management
Illinois
+$404K
3
BAG
Bridgewealth Advisory Group
California
+$305K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$244K
5
PFA
Pathway Financial Advisors
Vermont
+$206K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$644K
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$279K
3
SA
SFI Advisors
New Jersey
-$227K
4
ACM
Arlington Capital Management
Illinois
-$150K
5
RCM
Rivernorth Capital Management
Florida
-$145K
Name Holding Trade Value Shares
Change 		Change in
Stake
DADC
26
D.A. Davidson & Co
Montana
$188K – – –
SWMP
27
Signature Wealth Management Partners
New Jersey
$162K +$158K +14,351 New
CF
28
Centaurus Financial
California
$148K – – –
ORC
29
O'Rourke & Company
Massachusetts
$141K – – –
Wealth Enhancement Advisory Services
30
Wealth Enhancement Advisory Services
Minnesota
$138K – – –
BlackRock
31
BlackRock
New York
$130K – – –
IA
32
IFP Advisors
Florida
$128K -$23.5K -2,139 -16%
Cetera Investment Advisers
33
Cetera Investment Advisers
Illinois
$123K +$340 +31 +0.3%
BFF
34
Byrne Financial Freedom
Massachusetts
$120K – – –
CW
35
CreativeOne Wealth
Kansas
$115K +$112K +10,200 New
Comerica Bank
36
Comerica Bank
Texas
$98.5K +$329 +30 +0.3%
SIS
37
Sound Income Strategies
Florida
$73.6K +$340 +31 +0.5%
WA
38
Whipplewood Advisors
Colorado
$43.2K +$42K +3,820 New
AF
39
Allworth Financial
California
$16.2K – – –
GWSG
40
GPS Wealth Strategies Group
Colorado
$14.1K – – –
SPIA
41
Steward Partners Investment Advisory
New York
$8.48K – – –
MCM
42
MAI Capital Management
Ohio
$8.48K +$8.24K +750 New
EWM
43
Evolution Wealth Management
Florida
$7.33K +$7.12K +648 New
GWM
44
Geneos Wealth Management
Colorado
$4.07K -$6.15K -560 -61%
US Bancorp
45
US Bancorp
Minnesota
$3.39K – – –
BTI
46
Blue Trust Inc
Georgia
$2.26K – – –
CIA
47
Cape Investment Advisory
Georgia
$2.26K – – –
SA
48
SFI Advisors
New Jersey
– -$227K -20,267 Closed
ACM
49
Arlington Capital Management
Illinois
– -$150K -13,409 Closed
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
– -$141K -12,539 Closed
1
2
3

PFD Hedge Fund Activity: Q2 2025 in Review

47 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q2 2025, worth a combined $33.8M — up 6.6% from $31.7M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new PFD positions and 5 closed out — a net gain of 1 holder — while 15 added to existing stakes and 9 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $1.63M. The largest seller was Wells Fargo, cutting an estimated $644K.

  • 47 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q2 2025, down from 48 in Q1 2025.
  • Funds reported $33.8M of Flaherty & Crumrine Preferred and Income Fund stock for Q2 2025, up 6.6% quarter-over-quarter.
  • 6 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q2 2025 and 5 closed out, a net change of +1 holder.
  • The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q2 2025 was Sit Investment Associates, an estimated $1.63M added.
  • The largest Flaherty & Crumrine Preferred and Income Fund seller in Q2 2025 was Wells Fargo, an estimated $644K sold.

Based on aggregated 13F filings for Q2 2025.