Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
26 hedge funds and large institutions have $10.4M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2013 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 2 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
12% more capital invested
Capital invested by funds: $9.25M → $10.4M (+$1.14M)
4% more funds holding
Funds holding: 25 → 26 (+1)
0.98% more ownership
Funds ownership: 7.41% → 8.38% (+0.98%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.2M |
| 2 |
Morgan Stanley
New York
|
+$214K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$135K |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$104K |
| 5 |
LPL Financial
San Diego,
California
|
+$59.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$454K |
| 2 |
FNBT
FineMark National Bank & Trust
Fort Myers,
Florida
|
-$71K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$44.6K |
| 4 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
-$34.4K |
| 5 |
SI
SII Investments
Appleton,
Wisconsin
|
-$20.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $5K | -$4.19K | -414 | -46% |
|
|
FNBT
27
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$71K | -7,000 | Closed |
|
28
Ameriprise
Minneapolis,
Minnesota
| – | -$19K | -1,900 | Closed |
|
PFO Hedge Fund Activity: Q4 2013 in Review
26 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q4 2013, worth a combined $10.4M — up 12% from $9.25M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new PFO positions and 2 closed out — a net gain of 1 holder — while 10 added to existing stakes and 5 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.2M. The largest seller was Fifth Third Bancorp, cutting an estimated $454K.
- 26 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q4 2013, up from 25 in Q3 2013.
- Funds reported $10.4M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q4 2013, up 12% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q4 2013 and 2 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q4 2013 was Sit Investment Associates, an estimated $1.2M added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q4 2013 was Fifth Third Bancorp, an estimated $454K sold.
Based on aggregated 13F filings for Q4 2013.