Flaherty & Crumrine Preferred and Income Fund
PFD
24 hedge funds and large institutions have $4.5M invested in Flaherty & Crumrine Preferred and Income Fund in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
14% more funds holding
Funds holding: 21 → 24 (+3)
4% more capital invested
Capital invested by funds: $4.32M → $4.5M (+$184K)
0.02% less ownership
Funds ownership: 2.84% → 2.81% (-0.02%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$64.2K |
| 2 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
+$34.7K |
| 3 |
LPL Financial
San Diego,
California
|
+$34.4K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$28.9K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$23.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$170K |
| 2 |
Citigroup
New York
|
-$38K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$37.3K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$36K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$7.93K |
PFD Hedge Fund Activity: Q2 2014 in Review
24 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q2 2014, worth a combined $4.5M — up 4.3% from $4.32M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PFD positions and 2 closed out — a net gain of 3 holders — while 9 added to existing stakes and 5 trimmed.
The largest buyer was UBS, adding an estimated $64.2K. The largest seller was Morgan Stanley, cutting an estimated $170K.
- 24 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q2 2014, up from 21 in Q1 2014.
- Funds reported $4.5M of Flaherty & Crumrine Preferred and Income Fund stock for Q2 2014, up 4.3% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q2 2014 and 2 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q2 2014 was UBS, an estimated $64.2K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q2 2014 was Morgan Stanley, an estimated $170K sold.
Based on aggregated 13F filings for Q2 2014.