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PFD

Flaherty & Crumrine Preferred and Income Fund
PFD

49 hedge funds and large institutions have $44.3M invested in Flaherty & Crumrine Preferred and Income Fund in 2025 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 10

1.61% more ownership

Funds ownership: 27.47% → 29.07% (+1.6%)

5% more capital invested

Capital invested by funds: $42.3M → $44.3M (+$1.98M)

6% less funds holding

Funds holding: 52 → 49 (-3)

50% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 6

Holders
49
Holders Change
-3
Holders Change %
-5.77%
% of All Funds
0.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
17
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.09M
2
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$950K
3
Morgan Stanley
Morgan Stanley
New York
+$439K
4
LPL Financial
LPL Financial
California
+$262K
5
1CP
1607 Capital Partners
Virginia
+$241K

Top Sellers

Rank Fund Capital Flow
1
Pathstone Holdings
Pathstone Holdings
New Jersey
-$390K
2
CW
CreativeOne Wealth
Kansas
-$313K
3
AA
AQR Arbitrage
Connecticut
-$297K
4
IA
IFP Advisors
Florida
-$112K
5
MOS
MGO One Seven
Ohio
-$55.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
26
Wedbush Securities
California
$220K – – –
DADC
27
D.A. Davidson & Co
Montana
$197K – – –
SWMP
28
Signature Wealth Management Partners
New Jersey
$170K – – –
ORC
29
O'Rourke & Company
Massachusetts
$157K – – –
CF
30
Centaurus Financial
California
$155K – – –
CIA
31
Capital Investment Advisors
Georgia
$149K +$149K +12,592 New
Cetera Investment Advisers
32
Cetera Investment Advisers
Illinois
$137K +$461 +39 +0.3%
BlackRock
33
BlackRock
New York
$137K – – –
Wealth Enhancement Advisory Services
34
Wealth Enhancement Advisory Services
Minnesota
$133K – – –
Rockefeller Capital Management
35
Rockefeller Capital Management
New York
$122K +$1.53K +129 +1%
Comerica Bank
36
Comerica Bank
Texas
$104K +$367 +31 +0.4%
SIS
37
Sound Income Strategies
Florida
$77.7K +$414 +35 +0.5%
NWMP
38
Noble Wealth Management PBC
Colorado
$64.2K – – –
FFA
39
Farther Finance Advisors
California
$46.3K – – –
WA
40
Whipplewood Advisors
Colorado
$43.2K -$1.09K -92 -2%
PWPS
41
Pinnacle Wealth Planning Services
Ohio
$35.6K +$35.5K +3,000 New
WB
42
Webster Bank
Connecticut
$23.7K +$23.7K +2,000 New
AF
43
Allworth Financial
California
$17K – – –
IA
44
IFP Advisors
Florida
$11.9K -$112K -9,433 -90%
SPIA
45
Steward Partners Investment Advisory
New York
$5.93K -$2.96K -250 -33%
GWM
46
Geneos Wealth Management
Colorado
$4.27K – – –
HFS
47
Hantz Financial Services
Michigan
$4K – – –
US Bancorp
48
US Bancorp
Minnesota
$3.56K – – –
BTI
49
Blue Trust Inc
Georgia
$2.37K – – –
Pathstone Holdings
50
Pathstone Holdings
New Jersey
– -$390K -32,487 Closed
1
2
3

PFD Hedge Fund Activity: Q4 2025 in Review

49 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2025, worth a combined $44.3M — up 4.7% from $42.3M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of PFD and 3 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 17 added.

The largest buyer was Sit Investment Associates, adding an estimated $1.09M. The largest seller was Pathstone Holdings, exiting entirely with an estimated $390K sold.

  • 49 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2025, down from 52 in Q3 2025.
  • Funds reported $44.3M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2025, up 4.7% quarter-over-quarter.
  • 3 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2025 and 6 closed out, a net change of -3 holders.
  • The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2025 was Sit Investment Associates, an estimated $1.09M added.
  • The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2025 was Pathstone Holdings, an estimated $390K sold.

Based on aggregated 13F filings for Q4 2025.