Flaherty & Crumrine Preferred and Income Fund
PFD
43 hedge funds and large institutions have $22.2M invested in Flaherty & Crumrine Preferred and Income Fund in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 5 closing their positions.
506% more capital inflows, than outflows
Capital inflows: $4.93M | Capital outflows: $814K
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
2.63% more ownership
Funds ownership: 13.65% → 16.28% (+2.6%)
0% more funds holding
Funds holding: 43 → 43 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.13M |
| 2 |
SFI Advisors
Montclair,
New Jersey
|
+$611K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$493K |
| 4 |
AQR Arbitrage
Greenwich,
Connecticut
|
+$272K |
| 5 |
Morgan Stanley
New York
|
+$205K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
-$193K |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
-$170K |
| 3 |
RL
RPO LLC
Stamford,
Connecticut
|
-$108K |
| 4 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$81.2K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$74.1K |
PFD Hedge Fund Activity: Q1 2024 in Review
43 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2024, worth a combined $22.2M — up 32% from $16.7M a quarter earlier.
Fund positioning in PFD was balanced in Q1 2024: 5 funds opened new positions, 5 closed out, 15 added to existing stakes and 13 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.13M. The largest seller was Saba Capital Management, exiting entirely with an estimated $193K sold.
- 43 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $22.2M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2024, up 32% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2024 and 5 closed out, a net change of 0 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2024 was Sit Investment Associates, an estimated $2.13M added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2024 was Saba Capital Management, an estimated $193K sold.
Based on aggregated 13F filings for Q1 2024.