Flaherty & Crumrine Preferred and Income Fund
PFD
21 hedge funds and large institutions have $4.67M invested in Flaherty & Crumrine Preferred and Income Fund in 2015 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 2 reducing their positions, and 5 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 2
13% more capital invested
Capital invested by funds: $4.12M → $4.67M (+$549K)
0.28% more ownership
Funds ownership: 2.97% → 3.25% (+0.28%)
9% less funds holding
Funds holding: 23 → 21 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$493K |
| 2 |
Citigroup
New York
|
+$158K |
| 3 |
Morgan Stanley
New York
|
+$114K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$65K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$33.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Noesis Capital Mangement
Boca Raton,
Florida
|
-$201K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$186K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$93K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$19.5K |
| 5 |
FCCM
First City Capital Management
Savannah,
Georgia
|
-$6.6K |
PFD Hedge Fund Activity: Q4 2015 in Review
21 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2015, worth a combined $4.67M — up 13% from $4.12M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PFD and 3 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 10 added.
The largest buyer was LPL Financial, adding an estimated $493K. The largest seller was Noesis Capital Mangement, exiting entirely with an estimated $201K sold.
- 21 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2015, down from 23 in Q3 2015.
- Funds reported $4.67M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2015, up 13% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2015 and 5 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2015 was LPL Financial, an estimated $493K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2015 was Noesis Capital Mangement, an estimated $201K sold.
Based on aggregated 13F filings for Q4 2015.