Flaherty & Crumrine Preferred and Income Fund
PFD
23 hedge funds and large institutions have $6.64M invested in Flaherty & Crumrine Preferred and Income Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 0 closing their positions.
233% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 3
15% more funds holding
Funds holding: 20 → 23 (+3)
5% more capital invested
Capital invested by funds: $6.35M → $6.64M (+$292K)
0.31% more ownership
Funds ownership: 3.66% → 3.97% (+0.31%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$172K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$140K |
| 3 |
LPL Financial
San Diego,
California
|
+$125K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$121K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$55.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
-$106K |
| 2 |
HK
Horizon Kinetics
New York
|
-$62.2K |
| 3 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$10.1K |
PFD Hedge Fund Activity: Q3 2016 in Review
23 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2016, worth a combined $6.64M — up 4.6% from $6.35M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new PFD positions and 0 closed out — a net gain of 3 holders — while 10 added to existing stakes and 3 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $172K. The largest seller was Creative Planning, cutting an estimated $106K.
- 23 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2016, up from 20 in Q2 2016.
- Funds reported $6.64M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2016, up 4.6% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2016 and 0 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2016 was Morgan Stanley, an estimated $172K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2016 was Creative Planning, an estimated $106K sold.
Based on aggregated 13F filings for Q3 2016.