Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
32 hedge funds and large institutions have $10.8M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 5 reducing their positions, and 3 closing their positions.
140% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 5
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
12% more capital invested
Capital invested by funds: $9.6M → $10.8M (+$1.17M)
3% more funds holding
Funds holding: 31 → 32 (+1)
0.23% more ownership
Funds ownership: 6.94% → 7.18% (+0.23%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$308K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$264K |
| 3 |
US Bancorp
Minneapolis,
Minnesota
|
+$194K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$172K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$110K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
-$421K |
| 2 |
IA
IFP Advisors
Tampa,
Florida
|
-$300K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$224K |
| 4 |
Citigroup
New York
|
-$164K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$71K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $42K | +$991 | +85 | +2% |
|
|
FDCDDQ
27
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $30.9K | +$30.3K | +2,600 | New |
|
|
RPG
28
Risk Paradigm Group
Austin,
Texas
| $29.9K | – | – | – |
|
|
ACS
29
Archford Capital Strategies
Swansea,
Illinois
| $29K | +$28.7K | +2,463 | New |
|
30
Creative Planning
Overland Park,
Kansas
| $25K | – | – | – |
|
|
AG
31
Advisor Group
Phoenix,
Arizona
| $24K | – | – | – |
|
|
LTFS
32
Ladenburg Thalmann Financial Services
Miami,
Florida
| $24K | – | – | – |
|
|
GWM
33
Geneos Wealth Management
Englewood,
Colorado
| $20K | – | – | – |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| – | -$300K | -27,000 | Closed |
|
|
FAAS
35
First Allied Advisory Services
San Diego,
California
| – | -$224K | -20,187 | Closed |
|
|
NFG
36
Next Financial Group
Houston,
Texas
| – | -$2K | -200 | Closed |
|
PFO Hedge Fund Activity: Q1 2017 in Review
32 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q1 2017, worth a combined $10.8M — up 12% from $9.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PFO positions and 3 closed out — a net gain of 1 holder — while 12 added to existing stakes and 5 trimmed.
The largest buyer was LPL Financial, adding an estimated $308K. The largest seller was Cedar Hill Associates, cutting an estimated $421K.
- 32 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q1 2017, up from 31 in Q4 2016.
- Funds reported $10.8M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q1 2017, up 12% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q1 2017 and 3 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q1 2017 was LPL Financial, an estimated $308K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q1 2017 was Cedar Hill Associates, an estimated $421K sold.
Based on aggregated 13F filings for Q1 2017.