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PFD

Flaherty & Crumrine Preferred and Income Fund

48 hedge funds and large institutions have $31.7M invested in Flaherty & Crumrine Preferred and Income Fund in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 10

17% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 6

2% more capital invested

Capital invested by funds: $31M → $31.7M (+$756K)

0.79% more ownership

Funds ownership: 21.44%22.23% (+0.79%)

0% more funds holding

Funds holding: 4848 (0)

Holders
48
Holders Change
Holders Change %
0%
% of All Funds
0.64%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
14
Reduced
10
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$4.71M +$734K +65,113 +18%
CIBC Private Wealth Group
2
CIBC Private Wealth Group
Georgia
$4.63M
Morgan Stanley
3
Morgan Stanley
New York
$2.76M +$93.1K +8,258 +3%
Raymond James Financial
4
Raymond James Financial
Florida
$1.92M -$117K -10,407 -6%
Bank of America
5
Bank of America
North Carolina
$1.59M +$380K +33,682 +31%
MC
6
Matisse Capital
Oregon
$1.51M
UBS Group
7
UBS Group
Switzerland
$1.45M -$98.8K -8,765 -6%
Wells Fargo
8
Wells Fargo
California
$1.42M -$9.72K -862 -0.7%
AA
9
AQR Arbitrage
Connecticut
$1.12M -$188K -16,715 -14%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$1.04M -$23.5K -2,088 -2%
UB
11
UMB Bank
Missouri
$969K
Osaic Holdings
12
Osaic Holdings
Arizona
$937K +$39.9K +3,537 +4%
SAM
13
Smith Asset Management
Florida
$840K -$10.5K -935 -1%
RCM
14
Rivernorth Capital Management
Florida
$735K +$738K +65,467 New
Lido Advisors
15
Lido Advisors
California
$726K -$68.7K -6,090 -9%
RCM
16
Robinson Capital Management
Michigan
$617K
LPL Financial
17
LPL Financial
California
$504K +$72.8K +6,458 +17%
CSP
18
Cary Street Partners
Virginia
$488K +$45.1K +4,000 +10%
GC
19
Guggenheim Capital
Illinois
$402K +$175K +15,526 +77%
PFA
20
Pathway Financial Advisors
Vermont
$330K +$145K +12,819 +77%
LWM
21
LongView Wealth Management
Georgia
$256K
WS
22
Wedbush Securities
California
$230K
SA
23
SFI Advisors
New Jersey
$227K -$374K -33,161 -62%
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$216K +$834 +74 +0.4%
WAM
25
Wolverine Asset Management
Illinois
$209K +$210K +18,635 New

PFD Hedge Fund Activity: Q1 2025 in Review

48 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q1 2025, worth a combined $31.7M — up 2.4% from $31M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new PFD positions and 6 closed out — a net gain of 1 holder — while 14 added to existing stakes and 10 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $738K. The largest seller was SFI Advisors, cutting an estimated $374K.

  • 48 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q1 2025, unchanged from Q4 2024.
  • Funds reported $31.7M of Flaherty & Crumrine Preferred and Income Fund stock for Q1 2025, up 2.4% quarter-over-quarter.
  • 7 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q1 2025 and 6 closed out, a net change of +1 holder.
  • The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q1 2025 was Rivernorth Capital Management, an estimated $738K added.
  • The largest Flaherty & Crumrine Preferred and Income Fund seller in Q1 2025 was SFI Advisors, an estimated $374K sold.

Based on aggregated 13F filings for Q1 2025.