Flaherty & Crumrine Preferred and Income Fund
PFD
26 hedge funds and large institutions have $8.33M invested in Flaherty & Crumrine Preferred and Income Fund in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 1 closing their positions.
400% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 1
18% more funds holding
Funds holding: 22 → 26 (+4)
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
0.38% less ownership
Funds ownership: 5.14% → 4.76% (-0.38%)
3% less capital invested
Capital invested by funds: $8.63M → $8.33M (-$302K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$368K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$212K |
| 3 |
NCM
Noesis Capital Mangement
Boca Raton,
Florida
|
+$200K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$160K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$713K |
| 2 |
LPL Financial
San Diego,
California
|
-$434K |
| 3 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
-$284K |
| 4 |
Morgan Stanley
New York
|
-$206K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$158K |
PFD Hedge Fund Activity: Q2 2017 in Review
26 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q2 2017, worth a combined $8.33M — down 3.5% from $8.63M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PFD positions and 1 closed out — a net gain of 4 holders — while 8 added to existing stakes and 8 trimmed.
The largest buyer was UBS Group, adding an estimated $368K. The largest seller was Robinson Capital Management, cutting an estimated $713K.
- 26 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q2 2017, up from 22 in Q1 2017.
- Funds reported $8.33M of Flaherty & Crumrine Preferred and Income Fund stock for Q2 2017, down 3.5% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q2 2017 and 1 closed out, a net change of +4 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q2 2017 was UBS Group, an estimated $368K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q2 2017 was Robinson Capital Management, an estimated $713K sold.
Based on aggregated 13F filings for Q2 2017.