Flaherty & Crumrine Preferred and Income Fund
PFD
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, 13 increasing their positions, 10 reducing their positions, and 6 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | 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 (+$749K)
0.79% more ownership
Funds ownership: 21.44% → 22.23% (+0.79%)
0% more funds holding
Funds holding: 48 → 48 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$738K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$734K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$380K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$210K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$175K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SA
SFI Advisors
Montclair,
New Jersey
|
-$374K |
| 2 |
BAG
Bridgewealth Advisory Group
Fresno,
California
|
-$316K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$307K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$188K |
| 5 |
FNT
First National Trust
Hermitage,
Pennsylvania
|
-$118K |
PFD Hedge Fund Activity: Q1 2025 in Review
48 of the 7,471 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 13 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.