Flaherty & Crumrine Preferred and Income Fund
PFD
22 hedge funds and large institutions have $8.63M invested in Flaherty & Crumrine Preferred and Income Fund in 2017 Q1 according to their latest regulatory filings, with 3 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
32% more capital invested
Capital invested by funds: $6.56M → $8.63M (+$2.08M)
1.05% more ownership
Funds ownership: 4.09% → 5.14% (+1.1%)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
8% less funds holding
Funds holding: 24 → 22 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$821K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$142K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$104K |
| 4 |
LPL Financial
San Diego,
California
|
+$22.3K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$14.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$135K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$128K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$72.7K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$27.6K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
-$21K |
PFD Hedge Fund Activity: Q1 2017 in Review
22 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2017, worth a combined $8.63M — up 32% from $6.56M a quarter earlier.
Fund positioning in PFD was balanced in Q1 2017: 3 funds opened new positions, 3 closed out, 8 added to existing stakes and 5 trimmed.
The largest buyer was Invesco, opening a new position worth an estimated $821K. The largest seller was Robinson Capital Management, cutting an estimated $135K.
- 22 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2017, down from 24 in Q4 2016.
- Funds reported $8.63M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2017, up 32% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2017 and 3 closed out, a net change of 0 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2017 was Invesco, an estimated $821K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2017 was Robinson Capital Management, an estimated $135K sold.
Based on aggregated 13F filings for Q1 2017.