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PFD

Flaherty & Crumrine Preferred and Income Fund

42 hedge funds and large institutions have $20.8M invested in Flaherty & Crumrine Preferred and Income Fund in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 11

25% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 4

0.15% more ownership

Funds ownership: 10.24%10.39% (+0.15%)

0% more funds holding

Funds holding: 4242 (0)

5% less capital invested

Capital invested by funds: $21.8M → $20.8M (-$1.05M)

Holders
42
Holders Change
Holders Change %
0%
% of All Funds
0.74%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
14
Reduced
11
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$6.35M +$250K +13,588 +4%
Morgan Stanley
2
Morgan Stanley
New York
$2.92M -$22.5K -1,224 -0.7%
PWS
3
Private Wealth Strategies
Ohio
$1.53M +$116K +6,312 +8%
UBS Group
4
UBS Group
Switzerland
$1.43M +$118K +6,445 +9%
Wells Fargo
5
Wells Fargo
California
$903K -$550K -29,924 -37%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$799K +$63.3K +3,446 +8%
Osaic Holdings
7
Osaic Holdings
Arizona
$735K +$2.46K +134 +0.3%
LPL Financial
8
LPL Financial
California
$732K +$147 +8 +0%
CCA
9
Cadent Capital Advisors
Oklahoma
$701K -$89.4K -4,862 -11%
DADC
10
D.A. Davidson & Co
Montana
$461K -$27.6K -1,500 -5%
PWPS
11
Pinnacle Wealth Planning Services
Ohio
$408K +$91.9K +5,000 +28%
WS
12
Wedbush Securities
California
$376K -$7.35K -400 -2%
CW
13
CreativeOne Wealth
Kansas
$328K +$73.5K +4,000 +28%
Commonwealth Equity Services
14
Commonwealth Equity Services
Massachusetts
$320K +$46.1K +2,508 +16%
CCM
15
Covington Capital Management
California
$264K
SWMP
16
Signature Wealth Management Partners
New Jersey
$254K +$264K +14,351 New
Cambridge Investment Research Advisors
17
Cambridge Investment Research Advisors
Iowa
$243K -$29.5K -1,606 -10%
Cetera Investment Advisers
18
Cetera Investment Advisers
Illinois
$242K +$16.1K +875 +7%
GC
19
Guggenheim Capital
Illinois
$233K +$110 +6 +0%
PAG
20
Private Advisor Group
New Jersey
$227K -$45.1K -2,454 -16%
RJA
21
Raymond James & Associates
Florida
$185K
QWM
22
Quaker Wealth Management
New Jersey
$179K +$249K +13,566 New
MFA
23
McClarren Financial Advisors
Pennsylvania
$143K +$148K +8,044 New
WLPWM
24
Walled Lake Planning & Wealth Management
Illinois
$111K +$1.84K +100 +2%
NFSG
25
Newbridge Financial Services Group
Florida
$105K -$66.3K -3,608 -38%

PFD Hedge Fund Activity: Q1 2021 in Review

42 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2021, worth a combined $20.8M — down 4.8% from $21.8M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new PFD positions and 4 closed out — a net gain of 1 holder — while 14 added to existing stakes and 11 trimmed.

The largest buyer was Signature Wealth Management Partners, opening a new position worth an estimated $264K. The largest seller was Wells Fargo, cutting an estimated $550K.

  • 42 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2021, unchanged from Q4 2020.
  • Funds reported $20.8M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2021, down 4.8% quarter-over-quarter.
  • 5 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2021 and 4 closed out, a net change of +1 holder.
  • The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2021 was Signature Wealth Management Partners, an estimated $264K added.
  • The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2021 was Wells Fargo, an estimated $550K sold.

Based on aggregated 13F filings for Q1 2021.