Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
31 hedge funds and large institutions have $12.4M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2017 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 3 closing their positions.
15% more capital invested
Capital invested by funds: $10.8M → $12.4M (+$1.61M)
0.74% more ownership
Funds ownership: 7.18% → 7.92% (+0.74%)
3% less funds holding
Funds holding: 32 → 31 (-1)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$228K |
| 2 |
Morgan Stanley
New York
|
+$117K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$87.8K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$70.7K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$47.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$983K |
| 2 |
AIA
Allegis Investment Advisors
Idaho Falls,
Idaho
|
-$201K |
| 3 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$166K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$67.6K |
| 5 |
PI
Parkside Investments
Deerfield,
Illinois
|
-$55.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FDCDDQ
26
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $32.5K | – | – | – |
|
|
RPG
27
Risk Paradigm Group
Austin,
Texas
| $31.6K | – | – | – |
|
|
AG
28
Advisor Group
Phoenix,
Arizona
| $26K | – | – | – |
|
29
Creative Planning
Overland Park,
Kansas
| $26K | – | – | – |
|
|
GWM
30
Geneos Wealth Management
Englewood,
Colorado
| $21K | – | – | – |
|
|
LTFS
31
Ladenburg Thalmann Financial Services
Miami,
Florida
| $10K | -$14.9K | -1,213 | -60% |
|
|
AIA
32
Allegis Investment Advisors
Idaho Falls,
Idaho
| – | -$201K | -16,926 | Closed |
|
|
SF
33
Synovus Financial
Columbus,
Georgia
| – | -$45K | -3,817 | Closed |
|
|
ACS
34
Archford Capital Strategies
Swansea,
Illinois
| – | -$29K | -2,463 | Closed |
|
PFO Hedge Fund Activity: Q2 2017 in Review
31 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q2 2017, worth a combined $12.4M — up 15% from $10.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of PFO and 2 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 8 added.
The largest buyer was First Allied Advisory Services, opening a new position worth an estimated $228K. The largest seller was LPL Financial, cutting an estimated $983K.
- 31 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q2 2017, down from 32 in Q1 2017.
- Funds reported $12.4M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q2 2017, up 15% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q2 2017 and 3 closed out, a net change of -1 holder.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q2 2017 was First Allied Advisory Services, an estimated $228K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q2 2017 was LPL Financial, an estimated $983K sold.
Based on aggregated 13F filings for Q2 2017.