Flaherty & Crumrine Preferred and Income Fund
PFD
32 hedge funds and large institutions have $12.6M invested in Flaherty & Crumrine Preferred and Income Fund in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 10 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
6% more capital invested
Capital invested by funds: $11.9M → $12.6M (+$689K)
0.09% less ownership
Funds ownership: 7.73% → 7.64% (-0.09%)
14% less funds holding
Funds holding: 37 → 32 (-5)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$273K |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
+$181K |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$169K |
| 4 |
Morgan Stanley
New York
|
+$158K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
+$79.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$352K |
| 2 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
-$199K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$165K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$139K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$123K |
PFD Hedge Fund Activity: Q2 2019 in Review
32 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q2 2019, worth a combined $12.6M — up 5.8% from $11.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PFD and 5 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 12 added.
The largest buyer was Wells Fargo, adding an estimated $273K. The largest seller was Robinson Capital Management, exiting entirely with an estimated $352K sold.
- 32 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q2 2019, down from 37 in Q1 2019.
- Funds reported $12.6M of Flaherty & Crumrine Preferred and Income Fund stock for Q2 2019, up 5.8% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q2 2019 and 10 closed out, a net change of -5 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q2 2019 was Wells Fargo, an estimated $273K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q2 2019 was Robinson Capital Management, an estimated $352K sold.
Based on aggregated 13F filings for Q2 2019.