Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
25 hedge funds and large institutions have $9.49M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
0.89% less ownership
Funds ownership: 7.55% → 6.66% (-0.89%)
4% less funds holding
Funds holding: 26 → 25 (-1)
19% less capital invested
Capital invested by funds: $11.7M → $9.49M (-$2.19M)
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$259K |
| 2 |
US Bancorp
Minneapolis,
Minnesota
|
+$105K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$71.3K |
| 4 |
RPG
Risk Paradigm Group
Austin,
Texas
|
+$30.9K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
+$2.45K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$512K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$263K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$200K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$115K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$112K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$263K | -20,985 | Closed |
|
|
DADC
27
D.A. Davidson & Co
Great Falls,
Montana
| – | -$115K | -9,245 | Closed |
|
PFO Hedge Fund Activity: Q3 2016 in Review
25 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q3 2016, worth a combined $9.49M — down 19% from $11.7M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new PFO positions and 2 closed out — a net gain of 1 holder — while 3 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $259K. The largest seller was Fifth Third Bancorp, cutting an estimated $512K.
- 25 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q3 2016, down from 26 in Q2 2016.
- Funds reported $9.49M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q3 2016, down 19% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q3 2016 and 2 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q3 2016 was Morgan Stanley, an estimated $259K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q3 2016 was Fifth Third Bancorp, an estimated $512K sold.
Based on aggregated 13F filings for Q3 2016.