Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
26 hedge funds and large institutions have $11.7M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2016 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 6 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
0.6% less ownership
Funds ownership: 8.15% → 7.55% (-0.6%)
2% less capital invested
Capital invested by funds: $11.9M → $11.7M (-$211K)
13% less funds holding
Funds holding: 30 → 26 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$152K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$61.7K |
| 3 |
Morgan Stanley
New York
|
+$44.3K |
| 4 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$27.1K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$9.28K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$834K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$233K |
| 3 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
-$54K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$27.6K |
| 5 |
AIG
American International Group
New York
|
-$24K |
PFO Hedge Fund Activity: Q2 2016 in Review
26 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q2 2016, worth a combined $11.7M — down 1.8% from $11.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PFO and 2 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 7 added.
The largest buyer was Commonwealth Equity Services, opening a new position worth an estimated $152K. The largest seller was LPL Financial, cutting an estimated $834K.
- 26 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q2 2016, down from 30 in Q1 2016.
- Funds reported $11.7M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q2 2016, down 1.8% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q2 2016 and 6 closed out, a net change of -4 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q2 2016 was Commonwealth Equity Services, an estimated $152K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q2 2016 was LPL Financial, an estimated $834K sold.
Based on aggregated 13F filings for Q2 2016.