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PFD

Flaherty & Crumrine Preferred and Income Fund

32 hedge funds and large institutions have $13.5M invested in Flaherty & Crumrine Preferred and Income Fund in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

20% more capital invested

Capital invested by funds: $11.3M → $13.5M (+$2.23M)

0.38% more ownership

Funds ownership: 6.9%7.27% (+0.38%)

0% more funds holding

Funds holding: 3232 (0)

11% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 9

Holders
32
Holders Change
Holders Change %
0%
% of All Funds
0.65%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
8
Reduced
9
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$3.97M +$125K +8,007 +3%
Wells Fargo
2
Wells Fargo
California
$1.49M -$3.07K -197 -0.2%
PWS
3
Private Wealth Strategies
Ohio
$1.31M -$40.9K -2,628 -3%
UBS Group
4
UBS Group
Switzerland
$890K -$105K -6,742 -11%
LPL Financial
5
LPL Financial
California
$785K +$285K +18,322 +63%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$715K -$31 -2 -0%
Osaic Holdings
7
Osaic Holdings
Arizona
$671K +$87.8K +5,639 +16%
DADC
8
D.A. Davidson & Co
Montana
$454K -$10.9K -700 -2%
WS
9
Wedbush Securities
California
$411K -$60.7K -3,900 -14%
Bank of America
10
Bank of America
North Carolina
$303K +$163K +10,445 +132%
PWPS
11
Pinnacle Wealth Planning Services
Ohio
$297K +$77.9K +5,000 +38%
Cambridge Investment Research Advisors
12
Cambridge Investment Research Advisors
Iowa
$252K +$202 +13 +0.1%
CCM
13
Covington Capital Management
California
$246K
GC
14
Guggenheim Capital
Illinois
$218K -$8.72K -560 -4%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$217K +$206K +13,201 New
FDCDDQ
16
Federation des caisses Desjardins du Quebec
Quebec, Canada
$195K -$12.1K -775 -6%
SBIA
17
Sheaff Brock Investment Advisors
Indiana
$183K +$173K +11,100 New
FAAS
18
First Allied Advisory Services
California
$182K +$13.2K +845 +8%
RJA
19
Raymond James & Associates
Florida
$168K +$158K +10,176 New
NFSG
20
Newbridge Financial Services Group
Florida
$151K +$143K +9,157 New
WLPWM
21
Walled Lake Planning & Wealth Management
Illinois
$101K +$95.6K +6,136 New
SW
22
SVB Wealth
Massachusetts
$64K
Rockefeller Capital Management
23
Rockefeller Capital Management
New York
$41K -$1.56K -100 -4%
AF
24
Advisornet Financial
Minnesota
$41K
NFG
25
Next Financial Group
Texas
$33K +$31.3K +2,008 New

PFD Hedge Fund Activity: Q3 2020 in Review

32 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2020, worth a combined $13.5M — up 20% from $11.3M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new PFD positions and 5 closed out — a net gain of 1 holder — while 8 added to existing stakes and 9 trimmed.

The largest buyer was LPL Financial, adding an estimated $285K. The largest seller was Western Wealth Management, exiting entirely with an estimated $305K sold.

  • 32 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2020, unchanged from Q2 2020.
  • Funds reported $13.5M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2020, up 20% quarter-over-quarter.
  • 6 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2020 and 5 closed out, a net change of +1 holder.
  • The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2020 was LPL Financial, an estimated $285K added.
  • The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2020 was Western Wealth Management, an estimated $305K sold.

Based on aggregated 13F filings for Q3 2020.