Flaherty & Crumrine Preferred and Income Fund
PFD
22 hedge funds and large institutions have $4.34M invested in Flaherty & Crumrine Preferred and Income Fund in 2014 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 2 reducing their positions, and 2 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 2
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
10% more funds holding
Funds holding: 20 → 22 (+2)
0.13% less ownership
Funds ownership: 2.92% → 2.8% (-0.13%)
2% less capital invested
Capital invested by funds: $4.41M → $4.34M (-$68.1K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$236K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$193K |
| 3 |
Morgan Stanley
New York
|
+$107K |
| 4 |
LPL Financial
San Diego,
California
|
+$101K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
+$57.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$686K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$155K |
| 3 |
NFG
Next Financial Group
Houston,
Texas
|
-$20K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$8.73K |
PFD Hedge Fund Activity: Q4 2014 in Review
22 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2014, worth a combined $4.34M — down 1.5% from $4.41M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PFD positions and 2 closed out — a net gain of 3 holders — while 8 added to existing stakes and 2 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $236K. The largest seller was Invesco, exiting entirely with an estimated $686K sold.
- 22 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2014, up from 20 in Q3 2014.
- Funds reported $4.34M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2014, down 1.5% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2014 and 2 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2014 was Jane Street, an estimated $236K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2014 was Invesco, an estimated $686K sold.
Based on aggregated 13F filings for Q4 2014.