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Virtus InfraCap US Preferred Stock ETF
PFFA

170 hedge funds and large institutions have $344M invested in Virtus InfraCap US Preferred Stock ETF in 2025 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 82 increasing their positions, 29 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

244% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 9

183% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 29

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

45% more call options, than puts

Call options by funds: $712K | Put options by funds: $491K

27% more capital invested

Capital invested by funds: $271M → $344M (+$72.7M)

13% more funds holding

Funds holding: 151 → 170 (+19)

1.33% more ownership

Funds ownership: 17.42% → 18.75% (+1.3%)

Holders
170
Holders Change
+19
Holders Change %
+12.58%
% of All Funds
2.23%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
31
Increased
82
Reduced
29
Closed
9
Calls
$712K
Puts
$491K
Net Calls
+$221K
Net Calls Change
-$549K

Top Buyers

1
LPL Financial
LPL Financial
California
+$21.3M
2
OPAM
Ocean Park Asset Management
California
+$7.06M
3
MW
Melia Wealth
Oklahoma
+$6.01M
4
IA
Inspire Advisors
Idaho
+$3.2M
5
AC
AlphaCore Capital
California
+$2.36M

Top Sellers

1
PIWA
Prevail Innovative Wealth Advisors
Kansas
-$1.85M
2
BSG
Black Swift Group
Colorado
-$1.07M
3
JTWM
Jackson Thornton Wealth Management
Alabama
-$550K
4
AQR Capital Management
AQR Capital Management
Connecticut
-$540K
5
AWM
Apollon Wealth Management
South Carolina
-$407K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
1
LPL Financial
California
$74.6M +$21.3M +982,306 +40%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$20.7M +$769K +35,495 +4%
Cambridge Investment Research Advisors
3
Cambridge Investment Research Advisors
Iowa
$18.5M +$1.85M +85,270 +11%
Osaic Holdings
4
Osaic Holdings
Arizona
$17.7M +$1.74M +80,113 +11%
MW
5
Melia Wealth
Oklahoma
$15.7M +$6.01M +277,450 +62%
MML Investors Services
6
MML Investors Services
Massachusetts
$14.8M +$542K +25,036 +4%
SPIA
7
Steward Partners Investment Advisory
New York
$8.61M +$224K +10,324 +3%
AFS
8
Anderson Financial Strategies
Ohio
$7.33M +$389K +17,968 +6%
EH
9
Equitable Holdings
New York
$7.18M +$558K +25,785 +8%
OPAM
10
Ocean Park Asset Management
California
$7.08M +$7.06M +325,900 New
Envestnet Asset Management
11
Envestnet Asset Management
Illinois
$6.81M +$1.88M +86,667 +38%
ICA
12
Infrastructure Capital Advisors
New York
$6.26M – – –
Stifel Financial
13
Stifel Financial
Missouri
$5.89M +$202K +9,329 +4%
FIA
14
Foundations Investment Advisors
Arizona
$5.55M +$236K +10,894 +4%
Raymond James Financial
15
Raymond James Financial
Florida
$5.08M +$361K +16,690 +8%
SIS
16
Sound Income Strategies
Florida
$4.95M -$346K -15,984 -7%
AF
17
Advisornet Financial
Minnesota
$4.68M +$1.2M +55,398 +35%
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$4.59M +$289K +13,361 +7%
IFG
19
Independent Financial Group
California
$4.16M +$203K +9,371 +5%
FFWM
20
Future Financial Wealth Management
Ohio
$3.69M +$378K +17,435 +11%
KAS
21
Kestra Advisory Services
Texas
$3.45M +$606K +27,976 +21%
IA
22
Inspire Advisors
Idaho
$3.2M +$3.2M +147,572 New
Lido Advisors
23
Lido Advisors
California
$3.16M +$255K +11,770 +9%
PIWA
24
Prevail Innovative Wealth Advisors
Kansas
$3.03M -$1.85M -85,489 -38%
Cetera Investment Advisers
25
Cetera Investment Advisers
Illinois
$2.89M +$464K +21,403 +19%
1
2 3 4 5

PFFA Hedge Fund Activity: Q3 2025 in Review

170 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Virtus InfraCap US Preferred Stock ETF (PFFA) for Q3 2025, worth a combined $344M — up 27% from $271M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new PFFA positions and 9 closed out — a net gain of 22 holders — while 82 added to existing stakes and 29 trimmed.

The largest buyer was LPL Financial, adding an estimated $21.3M. The largest seller was Prevail Innovative Wealth Advisors, cutting an estimated $1.85M.

  • 170 institutional investors held Virtus InfraCap US Preferred Stock ETF (PFFA) as of Q3 2025, up from 151 in Q2 2025.
  • Funds reported $344M of Virtus InfraCap US Preferred Stock ETF stock for Q3 2025, up 27% quarter-over-quarter.
  • 31 funds opened new Virtus InfraCap US Preferred Stock ETF positions in Q3 2025 and 9 closed out, a net change of +22 holders.
  • The largest Virtus InfraCap US Preferred Stock ETF buyer in Q3 2025 was LPL Financial, an estimated $21.3M added.
  • The largest Virtus InfraCap US Preferred Stock ETF seller in Q3 2025 was Prevail Innovative Wealth Advisors, an estimated $1.85M sold.

Based on aggregated 13F filings for Q3 2025.