iShares Preferred and Income Securities ETF
1,010 hedge funds and large institutions have $5.51B invested in iShares Preferred and Income Securities ETF in 2025 Q4 according to their latest regulatory filings, with 123 funds opening new positions, 349 increasing their positions, 397 reducing their positions, and 85 closing their positions.
45% more first-time investments, than exits
New positions opened: 123 | Existing positions closed: 85
2% more funds holding
Funds holding: 990 → 1,010 (+20)
1.1% less ownership
Funds ownership: 39.83% → 38.72% (-1.1%)
6% less capital invested
Capital invested by funds: $5.85B → $5.51B (-$332M)
12% less funds holding in top 10
Funds holding in top 10: 26 → 23 (-3)
12% less repeat investments, than reductions
Existing positions increased: 349 | Existing positions reduced: 397
15% less call options, than puts
Call options by funds: $6.89M | Put options by funds: $8.15M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$27.9M |
| 2 |
ZIM
Zacks Investment Management
Chicago,
Illinois
|
+$20.3M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$15M |
| 4 |
Morgan Stanley
New York
|
+$13M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$128M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$46.3M |
| 3 |
EWM
Edge Wealth Management
New York
|
-$36.2M |
| 4 |
TA
Townsend & Associates
Westminster,
Colorado
|
-$32.6M |
| 5 |
Goldman Sachs
New York
|
-$21.9M |
PFF Hedge Fund Activity: Q4 2025 in Review
1,010 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in iShares Preferred and Income Securities ETF (PFF) for Q4 2025, worth a combined $5.51B — down 5.7% from $5.85B a quarter earlier.
Buyers outnumbered sellers: 123 funds opened new PFF positions and 85 closed out — a net gain of 38 holders — while 349 added to existing stakes and 397 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $27.9M. The largest seller was Bramshill Investments, cutting an estimated $128M.
- 1,010 institutional investors held iShares Preferred and Income Securities ETF (PFF) as of Q4 2025, up from 990 in Q3 2025.
- Funds reported $5.51B of iShares Preferred and Income Securities ETF stock for Q4 2025, down 5.7% quarter-over-quarter.
- 123 funds opened new iShares Preferred and Income Securities ETF positions in Q4 2025 and 85 closed out, a net change of +38 holders.
- The largest iShares Preferred and Income Securities ETF buyer in Q4 2025 was Cohen & Steers, an estimated $27.9M added.
- The largest iShares Preferred and Income Securities ETF seller in Q4 2025 was Bramshill Investments, an estimated $128M sold.
Based on aggregated 13F filings for Q4 2025.