Flaherty & Crumrine Preferred and Income Fund
PFD
24 hedge funds and large institutions have $6.56M invested in Flaherty & Crumrine Preferred and Income Fund in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 3 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
4% more funds holding
Funds holding: 23 → 24 (+1)
0.12% more ownership
Funds ownership: 3.97% → 4.09% (+0.12%)
1% less capital invested
Capital invested by funds: $6.64M → $6.56M (-$82.8K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$882K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$162K |
| 3 |
Morgan Stanley
New York
|
+$151K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$46.7K |
| 5 |
CCM
Covington Capital Management
Los Angeles,
California
|
+$25.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$587K |
| 2 |
HK
Horizon Kinetics
New York
|
-$348K |
| 3 |
NCM
Noesis Capital Mangement
Boca Raton,
Florida
|
-$222K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$69.9K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$37.2K |
PFD Hedge Fund Activity: Q4 2016 in Review
24 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2016, worth a combined $6.56M — down 1.2% from $6.64M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PFD positions and 3 closed out — a net gain of 1 holder — while 8 added to existing stakes and 5 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $882K. The largest seller was LPL Financial, cutting an estimated $587K.
- 24 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2016, up from 23 in Q3 2016.
- Funds reported $6.56M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2016, down 1.2% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2016 and 3 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2016 was Robinson Capital Management, an estimated $882K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2016 was LPL Financial, an estimated $587K sold.
Based on aggregated 13F filings for Q4 2016.