Flaherty & Crumrine Preferred and Income Fund
PFD
41 hedge funds and large institutions have $15.1M invested in Flaherty & Crumrine Preferred and Income Fund in 2022 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
44% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 9
16% more capital invested
Capital invested by funds: $13M → $15.1M (+$2.06M)
11% more funds holding
Funds holding: 37 → 41 (+4)
1.04% more ownership
Funds ownership: 9.91% → 10.95% (+1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$869K |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$520K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$255K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$248K |
| 5 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$204K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$322K |
| 2 |
Morgan Stanley
New York
|
-$182K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$151K |
| 4 |
CF
Centaurus Financial
Anaheim,
California
|
-$119K |
| 5 |
SA
SFI Advisors
Montclair,
New Jersey
|
-$118K |
PFD Hedge Fund Activity: Q4 2022 in Review
41 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2022, worth a combined $15.1M — up 16% from $13M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PFD positions and 5 closed out — a net gain of 6 holders — while 13 added to existing stakes and 9 trimmed.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $869K. The largest seller was Wells Fargo, cutting an estimated $322K.
- 41 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2022, up from 37 in Q3 2022.
- Funds reported $15.1M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2022, up 16% quarter-over-quarter.
- 11 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2022 and 5 closed out, a net change of +6 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2022 was Raymond James Financial Services Advisors, an estimated $869K added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2022 was Wells Fargo, an estimated $322K sold.
Based on aggregated 13F filings for Q4 2022.