Flaherty & Crumrine Preferred and Income Fund
PFD
46 hedge funds and large institutions have $24.8M invested in Flaherty & Crumrine Preferred and Income Fund in 2024 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 17 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
12% more capital invested
Capital invested by funds: $22.2M → $24.8M (+$2.59M)
7% more funds holding
Funds holding: 43 → 46 (+3)
2.12% more ownership
Funds ownership: 16.28% → 18.4% (+2.1%)
29% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.22M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$693K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$649K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$495K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$293K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$641K |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$158K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$150K |
| 4 |
MFA
McClarren Financial Advisors
State College,
Pennsylvania
|
-$72.8K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$45K |
PFD Hedge Fund Activity: Q2 2024 in Review
46 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q2 2024, worth a combined $24.8M — up 12% from $22.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new PFD positions and 3 closed out — a net gain of 3 holders — while 12 added to existing stakes and 17 trimmed.
The largest buyer was Matisse Capital, adding an estimated $1.22M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $641K.
- 46 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q2 2024, up from 43 in Q1 2024.
- Funds reported $24.8M of Flaherty & Crumrine Preferred and Income Fund stock for Q2 2024, up 12% quarter-over-quarter.
- 6 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q2 2024 and 3 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q2 2024 was Matisse Capital, an estimated $1.22M added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q2 2024 was Raymond James Financial Services Advisors, an estimated $641K sold.
Based on aggregated 13F filings for Q2 2024.