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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.09M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$950K |
| 3 |
Morgan Stanley
New York
|
+$439K |
| 4 |
LPL Financial
San Diego,
California
|
+$262K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$241K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
-$390K |
| 2 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
-$313K |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$297K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$112K |
| 5 |
MOS
MGO One Seven
Beachwood,
Ohio
|
-$55.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CW
51
CreativeOne Wealth
Overland Park,
Kansas
| – | -$313K | -26,000 | Closed |
|
|
PFA
52
Pathway Financial Advisers
Auburn,
Indiana
| – | -$32K | -2,664 | Closed |
|
|
GWSG
53
GPS Wealth Strategies Group
Centennial,
Colorado
| – | -$15K | -1,250 | Closed |
|
54
Jones Financial Companies
Des Peres,
Missouri
| – | -$6.13K | -510 | Closed |
|
|
CBT
55
Crews Bank & Trust
Wauchula,
Florida
| – | -$2.4K | -200 | Closed |
|
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.