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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.63M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$404K |
| 3 |
BAG
Bridgewealth Advisory Group
Fresno,
California
|
+$305K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$244K |
| 5 |
PFA
Pathway Financial Advisors
South Burlington,
Vermont
|
+$206K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$644K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$279K |
| 3 |
SA
SFI Advisors
Montclair,
New Jersey
|
-$227K |
| 4 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$150K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$145K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fidelity Investments
Boston,
Massachusetts
| – | -$19.2K | -1,709 | Closed |
|
|
EC
52
Elequin Capital
New York
| – | -$16.5K | -1,474 | Closed |
|
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.