Flaherty & Crumrine Preferred and Income Fund
PFD
52 hedge funds and large institutions have $42.3M invested in Flaherty & Crumrine Preferred and Income Fund in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
25% more capital invested
Capital invested by funds: $33.8M → $42.3M (+$8.48M)
11% more funds holding
Funds holding: 47 → 52 (+5)
4.19% more ownership
Funds ownership: 23.27% → 27.47% (+4.2%)
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.97M |
| 2 |
MOS
MGO One Seven
Beachwood,
Ohio
|
+$1.95M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$1.15M |
| 4 |
Calamos Advisors
Naperville,
Illinois
|
+$605K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$418K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.63M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.52M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$626K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$591K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$351K |
PFD Hedge Fund Activity: Q3 2025 in Review
52 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2025, worth a combined $42.3M — up 25% from $33.8M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PFD positions and 7 closed out — a net gain of 5 holders — while 12 added to existing stakes and 12 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $5.97M. The largest seller was Raymond James Financial, cutting an estimated $1.63M.
- 52 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2025, up from 47 in Q2 2025.
- Funds reported $42.3M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2025, up 25% quarter-over-quarter.
- 12 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2025 and 7 closed out, a net change of +5 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2025 was Sit Investment Associates, an estimated $5.97M added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2025 was Raymond James Financial, an estimated $1.63M sold.
Based on aggregated 13F filings for Q3 2025.