Flaherty & Crumrine Preferred and Income Fund
PFD
24 hedge funds and large institutions have $3.56M invested in Flaherty & Crumrine Preferred and Income Fund in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
14% more funds holding
Funds holding: 21 → 24 (+3)
0.14% less ownership
Funds ownership: 2.76% → 2.61% (-0.14%)
16% less capital invested
Capital invested by funds: $4.25M → $3.56M (-$691K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$181K |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$147K |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$131K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$85.6K |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
+$23K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$352K |
| 2 |
LPL Financial
San Diego,
California
|
-$202K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$184K |
| 4 |
NCM
Noesis Capital Mangement
Boca Raton,
Florida
|
-$85.2K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.43K |
PFD Hedge Fund Activity: Q3 2013 in Review
24 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2013, worth a combined $3.56M — down 16% from $4.25M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PFD positions and 1 closed out — a net gain of 3 holders — while 8 added to existing stakes and 5 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $181K. The largest seller was Morgan Stanley, cutting an estimated $352K.
- 24 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2013, up from 21 in Q2 2013.
- Funds reported $3.56M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2013, down 16% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2013 and 1 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2013 was Wolverine Asset Management, an estimated $181K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2013 was Morgan Stanley, an estimated $352K sold.
Based on aggregated 13F filings for Q3 2013.