Flaherty & Crumrine Preferred and Income Fund
PFD
42 hedge funds and large institutions have $13.9M invested in Flaherty & Crumrine Preferred and Income Fund in 2021 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 5 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
2.4% less ownership
Funds ownership: 10.2% → 7.79% (-2.4%)
5% less funds holding
Funds holding: 44 → 42 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
77% less capital inflows, than outflows
Capital inflows: $1.35M | Capital outflows: $5.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Belpointe Asset Management
Reno,
Nevada
|
+$241K |
| 2 |
Morgan Stanley
New York
|
+$228K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$223K |
| 4 |
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
+$172K |
| 5 |
Wolverine Asset Management
Chicago,
Illinois
|
+$116K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.33M |
| 2 |
CCA
Cadent Capital Advisors
Tulsa,
Oklahoma
|
-$551K |
| 3 |
Private Advisor Group
Morristown,
New Jersey
|
-$167K |
| 4 |
CreativeOne Wealth
Overland Park,
Kansas
|
-$160K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$124K |
PFD Hedge Fund Activity: Q3 2021 in Review
42 of the 5,730 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2021, worth a combined $13.9M — down 28% from $19.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PFD and 4 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 13 added.
The largest buyer was Belpointe Asset Management, opening a new position worth an estimated $241K. The largest seller was Bank of America, cutting an estimated $4.33M.
- 42 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2021, down from 44 in Q2 2021.
- Funds reported $13.9M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2021, down 28% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2021 and 5 closed out, a net change of -1 holder.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2021 was Belpointe Asset Management, an estimated $241K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2021 was Bank of America, an estimated $4.33M sold.
Based on aggregated 13F filings for Q3 2021.