Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
25 hedge funds and large institutions have $9.25M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 5 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
1.1% less ownership
Funds ownership: 8.5% → 7.41% (-1.1%)
7% less funds holding
Funds holding: 27 → 25 (-2)
19% less capital invested
Capital invested by funds: $11.4M → $9.25M (-$2.19M)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$322K |
| 2 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$211K |
| 3 |
Morgan Stanley
New York
|
+$125K |
| 4 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
+$78.8K |
| 5 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
+$75.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$1.16M |
| 2 |
HFM
Hartford Financial Management
Hartford,
Connecticut
|
-$549K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$212K |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$171K |
| 5 |
LPL Financial
San Diego,
California
|
-$104K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HFM
26
Hartford Financial Management
Hartford,
Connecticut
| – | -$549K | -49,964 | Closed |
|
|
UCFA
27
United Capital Financial Advisors
Irving,
Texas
| – | -$171K | -15,539 | Closed |
|
28
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$77K | -7,000 | Closed |
|
29
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$55K | -5,000 | Closed |
|
|
MA
30
MUFG Americas
New York
| – | -$5K | -500 | Closed |
|
PFO Hedge Fund Activity: Q3 2013 in Review
25 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q3 2013, worth a combined $9.25M — down 19% from $11.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PFO and 3 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 11 added.
The largest buyer was Sit Investment Associates, adding an estimated $322K. The largest seller was Fifth Third Bancorp, cutting an estimated $1.16M.
- 25 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q3 2013, down from 27 in Q2 2013.
- Funds reported $9.25M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q3 2013, down 19% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q3 2013 and 5 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q3 2013 was Sit Investment Associates, an estimated $322K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q3 2013 was Fifth Third Bancorp, an estimated $1.16M sold.
Based on aggregated 13F filings for Q3 2013.