Flaherty & Crumrine Preferred and Income Fund
PFD
43 hedge funds and large institutions have $16.7M invested in Flaherty & Crumrine Preferred and Income Fund in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 7 closing their positions.
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
17% more capital invested
Capital invested by funds: $14.3M → $16.7M (+$2.41M)
5% more funds holding
Funds holding: 41 → 43 (+2)
0.99% more ownership
Funds ownership: 12.66% → 13.65% (+0.99%)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.26M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$720K |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$508K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$434K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
+$187K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Centaurus Financial
Anaheim,
California
|
-$815K |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$397K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$304K |
| 4 |
Morgan Stanley
New York
|
-$188K |
| 5 |
SA
SFI Advisors
Montclair,
New Jersey
|
-$177K |
PFD Hedge Fund Activity: Q4 2023 in Review
43 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2023, worth a combined $16.7M — up 17% from $14.3M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PFD positions and 7 closed out — a net gain of 2 holders — while 12 added to existing stakes and 13 trimmed.
The largest buyer was Bank of America, adding an estimated $1.26M. The largest seller was Centaurus Financial, cutting an estimated $815K.
- 43 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q4 2023, up from 41 in Q3 2023.
- Funds reported $16.7M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2023, up 17% quarter-over-quarter.
- 9 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q4 2023 and 7 closed out, a net change of +2 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q4 2023 was Bank of America, an estimated $1.26M added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q4 2023 was Centaurus Financial, an estimated $815K sold.
Based on aggregated 13F filings for Q4 2023.