Flaherty & Crumrine Preferred and Income Fund
PFD
23 hedge funds and large institutions have $4.12M invested in Flaherty & Crumrine Preferred and Income Fund in 2015 Q3 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
15% more funds holding
Funds holding: 20 → 23 (+3)
13% more capital invested
Capital invested by funds: $3.66M → $4.12M (+$460K)
0.53% more ownership
Funds ownership: 2.43% → 2.97% (+0.53%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$604K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$194K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$94.9K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$64.9K |
| 5 |
Morgan Stanley
New York
|
+$54.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$262K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$53.8K |
| 3 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$13K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$8.76K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$6.67K |
PFD Hedge Fund Activity: Q3 2015 in Review
23 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2015, worth a combined $4.12M — up 13% from $3.66M 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 Curi RMB Capital, opening a new position worth an estimated $604K. The largest seller was LPL Financial, cutting an estimated $262K.
- 23 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2015, up from 20 in Q2 2015.
- Funds reported $4.12M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2015, up 13% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2015 and 2 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2015 was Curi RMB Capital, an estimated $604K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2015 was LPL Financial, an estimated $262K sold.
Based on aggregated 13F filings for Q3 2015.