Flaherty & Crumrine Preferred and Income Fund
PFD
50 hedge funds and large institutions have $42.5M invested in Flaherty & Crumrine Preferred and Income Fund in 2026 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
2% more funds holding
Funds holding: 49 → 50 (+1)
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
0.51% more ownership
Funds ownership: 29.07% → 29.58% (+0.51%)
4% less capital invested
Capital invested by funds: $44.3M → $42.5M (-$1.75M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.69M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$267K |
| 3 |
LPL Financial
San Diego,
California
|
+$238K |
| 4 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$233K |
| 5 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$201K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lido Advisors
Los Angeles,
California
|
-$804K |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$423K |
| 3 |
SAM
Smith Asset Management
Chiefland,
Florida
|
-$374K |
| 4 |
Calamos Advisors
Naperville,
Illinois
|
-$361K |
| 5 |
MOS
MGO One Seven
Beachwood,
Ohio
|
-$234K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Lido Advisors
Los Angeles,
California
| – | -$804K | -66,880 | Closed |
|
|
AA
52
AQR Arbitrage
Greenwich,
Connecticut
| – | -$423K | -35,599 | Closed |
|
|
PWPS
53
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$35.6K | -3,000 | Closed |
|
|
IA
54
IFP Advisors
Tampa,
Florida
| – | -$11.9K | -1,000 | Closed |
|
|
HFS
55
Hantz Financial Services
Southfield,
Michigan
| – | -$4K | -295 | Closed |
|
PFD Hedge Fund Activity: Q1 2026 in Review
50 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2026, worth a combined $42.5M — down 4% from $44.3M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PFD positions and 5 closed out — a net gain of 3 holders — while 14 added to existing stakes and 13 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.69M. The largest seller was Lido Advisors, exiting entirely with an estimated $804K sold.
- 50 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2026, up from 49 in Q4 2025.
- Funds reported $42.5M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2026, down 4% quarter-over-quarter.
- 8 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2026 and 5 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2026 was Sit Investment Associates, an estimated $1.69M added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2026 was Lido Advisors, an estimated $804K sold.
Based on aggregated 13F filings for Q1 2026.