Flaherty & Crumrine Preferred and Income Fund
PFD
43 hedge funds and large institutions have $18.7M invested in Flaherty & Crumrine Preferred and Income Fund in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 7 closing their positions.
31% more capital invested
Capital invested by funds: $14.3M → $18.7M (+$4.42M)
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
5% more funds holding
Funds holding: 41 → 43 (+2)
2.63% more ownership
Funds ownership: 12.66% → 15.29% (+2.6%)
8% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.72M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.26M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$720K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$508K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$434K |
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 |
SA
SFI Advisors
Montclair,
New Jersey
|
-$177K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$120K |
PFD Hedge Fund Activity: Q4 2023 in Review
43 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q4 2023, worth a combined $18.7M — up 31% 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 13 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.72M. 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 $18.7M of Flaherty & Crumrine Preferred and Income Fund stock for Q4 2023, up 31% 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 Morgan Stanley, an estimated $1.72M 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.