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PFD

Flaherty & Crumrine Preferred and Income Fund

52 hedge funds and large institutions have $42.3M invested in Flaherty & Crumrine Preferred and Income Fund in 2025 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

25% more capital invested

Capital invested by funds: $33.8M → $42.3M (+$8.48M)

11% more funds holding

Funds holding: 4752 (+5)

4.19% more ownership

Funds ownership: 23.27%27.47% (+4.2%)

0% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 12

Holders
52
Holders Change
+5
Holders Change %
+10.64%
% of All Funds
0.68%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
12
Increased
12
Reduced
12
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$13M +$5.97M +516,162 +91%
CIBC Private Wealth Group
2
CIBC Private Wealth Group
Georgia
$5.31M
Morgan Stanley
3
Morgan Stanley
New York
$3.07M +$73.2K +6,329 +3%
MOS
4
MGO One Seven
Ohio
$2.02M +$1.95M +168,292 New
Bank of America
5
Bank of America
North Carolina
$1.96M +$97.7K +8,450 +5%
UBS Group
6
UBS Group
Switzerland
$1.47M -$107K -9,292 -7%
SAM
7
Smith Asset Management
Florida
$1.21M +$357K +30,861 +41%
Fiera Capital (Canada)
8
Fiera Capital (Canada)
Quebec, Canada
$1.2M +$1.15M +99,494 New
UB
9
UMB Bank
Missouri
$1.04M
Osaic Holdings
10
Osaic Holdings
Arizona
$951K -$85.2K -7,369 -8%
Wells Fargo
11
Wells Fargo
California
$913K +$96.3K +8,332 +12%
LPL Financial
12
LPL Financial
California
$810K +$296K +25,601 +61%
Lido Advisors
13
Lido Advisors
California
$804K +$12.4K +1,069 +2%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$739K -$66.2K -5,724 -9%
AA
15
AQR Arbitrage
Connecticut
$729K -$351K -30,341 -33%
RCM
16
Robinson Capital Management
Michigan
$661K
Calamos Advisors
17
Calamos Advisors
Illinois
$629K +$605K +52,338 New
PFA
18
Pathway Financial Advisors
Vermont
$579K
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$464K -$33.7K -2,913 -7%
Raymond James Financial
20
Raymond James Financial
Florida
$437K -$1.63M -141,008 -80%
1CP
21
1607 Capital Partners
Virginia
$435K +$418K +36,200 New
GC
22
Guggenheim Capital
Illinois
$402K -$18.5K -1,604 -5%
Pathstone Holdings
23
Pathstone Holdings
New Jersey
$390K +$376K +32,487 New
BAG
24
Bridgewealth Advisory Group
California
$333K
CW
25
CreativeOne Wealth
Kansas
$313K +$183K +15,800 +155%

PFD Hedge Fund Activity: Q3 2025 in Review

52 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Fund (PFD) for Q3 2025, worth a combined $42.3M — up 25% from $33.8M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PFD positions and 7 closed out — a net gain of 5 holders — while 12 added to existing stakes and 12 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $5.97M. The largest seller was Raymond James Financial, cutting an estimated $1.63M.

  • 52 institutional investors held Flaherty & Crumrine Preferred and Income Fund (PFD) as of Q3 2025, up from 47 in Q2 2025.
  • Funds reported $42.3M of Flaherty & Crumrine Preferred and Income Fund stock for Q3 2025, up 25% quarter-over-quarter.
  • 12 funds opened new Flaherty & Crumrine Preferred and Income Fund positions in Q3 2025 and 7 closed out, a net change of +5 holders.
  • The largest Flaherty & Crumrine Preferred and Income Fund buyer in Q3 2025 was Sit Investment Associates, an estimated $5.97M added.
  • The largest Flaherty & Crumrine Preferred and Income Fund seller in Q3 2025 was Raymond James Financial, an estimated $1.63M sold.

Based on aggregated 13F filings for Q3 2025.