Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
30 hedge funds and large institutions have $11.9M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 3 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
20% more capital invested
Capital invested by funds: $9.89M → $11.9M (+$2M)
3% more funds holding
Funds holding: 29 → 30 (+1)
0.66% more ownership
Funds ownership: 7.49% → 8.15% (+0.66%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
+$847K |
| 2 |
Morgan Stanley
New York
|
+$262K |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
+$138K |
| 4 |
CSIC
Clifford Swan Investment Counsel
Pasadena,
California
|
+$137K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$93.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFA
First Foundation Advisors
Irvine,
California
|
-$213K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$208K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$164K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$74.8K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$51.5K |
PFO Hedge Fund Activity: Q1 2016 in Review
30 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q1 2016, worth a combined $11.9M — up 20% from $9.89M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PFO positions and 3 closed out — a net gain of 1 holder — while 10 added to existing stakes and 6 trimmed.
The largest buyer was Cedar Hill Associates, adding an estimated $847K. The largest seller was First Foundation Advisors, exiting entirely with an estimated $213K sold.
- 30 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q1 2016, up from 29 in Q4 2015.
- Funds reported $11.9M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q1 2016, up 20% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q1 2016 and 3 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q1 2016 was Cedar Hill Associates, an estimated $847K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q1 2016 was First Foundation Advisors, an estimated $213K sold.
Based on aggregated 13F filings for Q1 2016.