Flaherty & Crumrine Preferred and Income Fund
PFD
42 hedge funds and large institutions have $21.8M invested in Flaherty & Crumrine Preferred and Income Fund in 2020 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 0 closing their positions.
62% more capital invested
Capital invested by funds: $13.5M → $21.8M (+$8.32M)
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
31% more funds holding
Funds holding: 32 → 42 (+10)
2.96% more ownership
Funds ownership: 7.27% → 10.24% (+3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$5.93M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$370K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$278K |
| 4 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$263K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.35M |
| 2 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
-$201K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$165K |
| 4 |
LPL Financial
San Diego,
California
|
-$114K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$59.9K |
PFD Hedge Fund Activity: Q4 2020 in Review
42 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2020, worth a combined $21.8M — up 62% from $13.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PFD positions and 0 closed out — a net gain of 11 holders — while 11 added to existing stakes and 8 trimmed.
The largest buyer was Bank of America, adding an estimated $5.93M. The largest seller was Morgan Stanley, cutting an estimated $1.35M.
- 42 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2020, up from 32 in Q3 2020.
- Funds reported $21.8M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2020, up 62% quarter-over-quarter.
- 11 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2020 and 0 closed out, a net change of +11 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2020 was Bank of America, an estimated $5.93M added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2020 was Morgan Stanley, an estimated $1.35M sold.
Based on aggregated 13F filings for Q4 2020.