Flaherty & Crumrine Preferred and Income Fund
PFD
37 hedge funds and large institutions have $11.9M invested in Flaherty & Crumrine Preferred and Income Fund in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
20% more capital invested
Capital invested by funds: $9.96M → $11.9M (+$1.96M)
3% more funds holding
Funds holding: 36 → 37 (+1)
0.02% more ownership
Funds ownership: 7.71% → 7.73% (+0.02%)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$398K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$319K |
| 3 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
+$202K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$155K |
| 5 |
Morgan Stanley
New York
|
+$100K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$497K |
| 2 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
-$276K |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$133K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$102K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$51.8K |
PFD Hedge Fund Activity: Q1 2019 in Review
37 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2019, worth a combined $11.9M — up 20% from $9.96M 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 12 trimmed.
The largest buyer was Invesco, adding an estimated $398K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $497K sold.
- 37 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2019, up from 36 in Q4 2018.
- Funds reported $11.9M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2019, up 20% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2019 and 3 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2019 was Invesco, an estimated $398K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2019 was Wolverine Asset Management, an estimated $497K sold.
Based on aggregated 13F filings for Q1 2019.