Flaherty & Crumrine Preferred and Income Fund
PFD
48 hedge funds and large institutions have $31M invested in Flaherty & Crumrine Preferred and Income Fund in 2024 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 7 increasing their positions, 14 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
7% more funds holding
Funds holding: 45 → 48 (+3)
1.91% more ownership
Funds ownership: 19.53% → 21.44% (+1.9%)
3% more capital invested
Capital invested by funds: $30M → $31M (+$1.01M)
50% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UB
UMB Bank
Kansas City,
Missouri
|
+$996K |
| 2 |
Lido Advisors
Los Angeles,
California
|
+$817K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$436K |
| 4 |
SA
SFI Advisors
Montclair,
New Jersey
|
+$396K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$315K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSPIA
Cary Street Partners Investment Advisory
Richmond,
Virginia
|
-$406K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$256K |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$209K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$204K |
| 5 |
CFG
Cooper Financial Group
Irvine,
California
|
-$187K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFG
51
Cooper Financial Group
Irvine,
California
| – | -$187K | -15,689 | Closed |
|
52
HighTower Advisors
Chicago,
Illinois
| – | -$166K | -14,506 | Closed |
|
|
AF
53
Arrow Financial
Glens Falls,
New York
| – | -$46.2K | -3,867 | Closed |
|
54
Bessemer Group
Woodbridge,
New Jersey
| – | -$5K | -427 | Closed |
|
PFD Hedge Fund Activity: Q4 2024 in Review
48 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2024, worth a combined $31M — up 3.4% from $30M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PFD positions and 6 closed out — a net gain of 6 holders — while 7 added to existing stakes and 14 trimmed.
The largest buyer was UMB Bank, opening a new position worth an estimated $996K. The largest seller was Cary Street Partners Investment Advisory, exiting entirely with an estimated $406K sold.
- 48 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2024, up from 45 in Q3 2024.
- Funds reported $31M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2024, up 3.4% quarter-over-quarter.
- 12 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2024 and 6 closed out, a net change of +6 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2024 was UMB Bank, an estimated $996K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2024 was Cary Street Partners Investment Advisory, an estimated $406K sold.
Based on aggregated 13F filings for Q4 2024.