Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
24 hedge funds and large institutions have $12.3M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 3 closing their positions.
19% more capital invested
Capital invested by funds: $10.4M → $12.3M (+$1.94M)
0.45% more ownership
Funds ownership: 8.38% → 8.83% (+0.45%)
8% less funds holding
Funds holding: 26 → 24 (-2)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$957K |
| 2 |
Morgan Stanley
New York
|
+$166K |
| 3 |
LPL Financial
San Diego,
California
|
+$125K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$63.4K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$30.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$194K |
| 2 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
-$126K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$125K |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$103K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$73.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$50K | -5,000 | Closed |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| – | -$4.96K | -462 | -95% |
|
PFO Hedge Fund Activity: Q1 2014 in Review
24 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q1 2014, worth a combined $12.3M — up 19% from $10.4M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PFO and 1 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Wells Fargo, adding an estimated $957K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $194K sold.
- 24 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q1 2014, down from 26 in Q4 2013.
- Funds reported $12.3M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q1 2014, up 19% quarter-over-quarter.
- 1 fund opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q1 2014 and 3 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q1 2014 was Wells Fargo, an estimated $957K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q1 2014 was Wolverine Asset Management, an estimated $194K sold.
Based on aggregated 13F filings for Q1 2014.