Flaherty & Crumrine Preferred and Income Fund
PFD
20 hedge funds and large institutions have $4.41M invested in Flaherty & Crumrine Preferred and Income Fund in 2014 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 4 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
0.11% more ownership
Funds ownership: 2.81% → 2.92% (+0.11%)
2% less capital invested
Capital invested by funds: $4.5M → $4.41M (-$98K)
17% less funds holding
Funds holding: 24 → 20 (-4)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$211K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$81.3K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$49K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$18.8K |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$6.98K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$40.9K |
| 2 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
-$35K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$29K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$27.8K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$21.8K |
PFD Hedge Fund Activity: Q3 2014 in Review
20 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2014, worth a combined $4.41M — down 2.2% from $4.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PFD and 0 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 9 added.
The largest buyer was LPL Financial, adding an estimated $211K. The largest seller was Morgan Stanley, cutting an estimated $40.9K.
- 20 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2014, down from 24 in Q2 2014.
- Funds reported $4.41M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2014, down 2.2% quarter-over-quarter.
- 0 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2014 and 4 closed out, a net change of -4 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2014 was LPL Financial, an estimated $211K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2014 was Morgan Stanley, an estimated $40.9K sold.
Based on aggregated 13F filings for Q3 2014.