Flaherty & Crumrine Preferred and Income Fund
PFD
20 hedge funds and large institutions have $6.35M invested in Flaherty & Crumrine Preferred and Income Fund in 2016 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 4 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
0.73% less ownership
Funds ownership: 4.4% → 3.66% (-0.73%)
8% less capital invested
Capital invested by funds: $6.89M → $6.35M (-$537K)
9% less funds holding
Funds holding: 22 → 20 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$250K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$43.6K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$42.2K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$10.4K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$7.33K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$748K |
| 2 |
Lido Advisors
Los Angeles,
California
|
-$255K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$194K |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
-$158K |
| 5 |
HK
Horizon Kinetics
New York
|
-$96K |
PFD Hedge Fund Activity: Q2 2016 in Review
20 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q2 2016, worth a combined $6.35M — down 7.8% from $6.89M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PFD and 2 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 7 added.
The largest buyer was Morgan Stanley, adding an estimated $250K. The largest seller was LPL Financial, cutting an estimated $748K.
- 20 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q2 2016, down from 22 in Q1 2016.
- Funds reported $6.35M of Flaherty & Crumrine Preferred and Income Fund stock for Q2 2016, down 7.8% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q2 2016 and 4 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q2 2016 was Morgan Stanley, an estimated $250K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q2 2016 was LPL Financial, an estimated $748K sold.
Based on aggregated 13F filings for Q2 2016.