Flaherty & Crumrine Preferred and Income Fund
PFD
40 hedge funds and large institutions have $15.8M invested in Flaherty & Crumrine Preferred and Income Fund in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 7 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
1.07% more ownership
Funds ownership: 10.95% → 12.02% (+1.1%)
5% more capital invested
Capital invested by funds: $15.1M → $15.8M (+$712K)
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
2% less funds holding
Funds holding: 41 → 40 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.78M |
| 2 |
HBCM
Heron Bay Capital Management
Bloomfield Hills,
Michigan
|
+$814K |
| 3 |
Morgan Stanley
New York
|
+$183K |
| 4 |
PFC
Poplar Forest Capital
Pasadena,
California
|
+$181K |
| 5 |
CF
Centaurus Financial
Anaheim,
California
|
+$160K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$520K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$372K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$263K |
| 4 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
-$207K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$179K |
PFD Hedge Fund Activity: Q1 2023 in Review
40 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2023, worth a combined $15.8M — up 4.7% from $15.1M a quarter earlier.
Fund positioning in PFD was balanced in Q1 2023: 7 funds opened new positions, 7 closed out, 14 added to existing stakes and 12 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $1.78M. The largest seller was Bank of America, cutting an estimated $520K.
- 40 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2023, down from 41 in Q4 2022.
- Funds reported $15.8M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2023, up 4.7% quarter-over-quarter.
- 7 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2023 and 7 closed out, a net change of 0 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2023 was Raymond James Financial Services Advisors, an estimated $1.78M added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2023 was Bank of America, an estimated $520K sold.
Based on aggregated 13F filings for Q1 2023.