Flaherty & Crumrine Preferred and Income Fund
PFD
45 hedge funds and large institutions have $30M invested in Flaherty & Crumrine Preferred and Income Fund in 2024 Q3 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.
21% more capital invested
Capital invested by funds: $24.8M → $30M (+$5.21M)
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
1.13% more ownership
Funds ownership: 18.4% → 19.53% (+1.1%)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
2% less funds holding
Funds holding: 46 → 45 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$4.92M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$604K |
| 3 |
CSPIA
Cary Street Partners Investment Advisory
Richmond,
Virginia
|
+$379K |
| 4 |
Morgan Stanley
New York
|
+$220K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$184K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.17M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.12M |
| 3 |
SA
SFI Advisors
Montclair,
New Jersey
|
-$794K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$464K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$331K |
PFD Hedge Fund Activity: Q3 2024 in Review
45 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2024, worth a combined $30M — up 21% from $24.8M a quarter earlier.
Fund positioning in PFD was balanced in Q3 2024: 5 funds opened new positions, 5 closed out, 15 added to existing stakes and 13 trimmed.
The largest buyer was CIBC Private Wealth Group, opening a new position worth an estimated $4.92M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.17M sold.
- 45 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2024, down from 46 in Q2 2024.
- Funds reported $30M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2024, up 21% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2024 and 5 closed out, a net change of 0 holders.
- The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2024 was CIBC Private Wealth Group, an estimated $4.92M added.
- The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2024 was Wolverine Asset Management, an estimated $1.17M sold.
Based on aggregated 13F filings for Q3 2024.