Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
32 hedge funds and large institutions have $12.1M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
3% more funds holding
Funds holding: 31 → 32 (+1)
0.12% more ownership
Funds ownership: 7.92% → 8.04% (+0.12%)
2% less capital invested
Capital invested by funds: $12.4M → $12.1M (-$230K)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$275K |
| 2 |
SF
Synovus Financial
Columbus,
Georgia
|
+$175K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$94.5K |
| 4 |
PWM
Perigon Wealth Management
San Francisco,
California
|
+$40.3K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$38.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
SII Investments
Appleton,
Wisconsin
|
-$135K |
| 2 |
Morgan Stanley
New York
|
-$80K |
| 3 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$71.8K |
| 4 |
PI
Parkside Investments
Deerfield,
Illinois
|
-$66.8K |
| 5 |
CCM
Covington Capital Management
Los Angeles,
California
|
-$61.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AG
26
Advisor Group
Phoenix,
Arizona
| $50K | +$24.5K | +2,000 | +97% |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $43K | -$588 | -48 | -1% |
|
|
PWM
28
Perigon Wealth Management
San Francisco,
California
| $40K | +$40.3K | +3,290 | New |
|
|
FDCDDQ
29
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $31.7K | – | – | – |
|
|
RFWA
30
RPg Family Wealth Advisory
Burlington,
Massachusetts
| $30.9K | +$30.9K | +2,520 | New |
|
|
GWM
31
Geneos Wealth Management
Englewood,
Colorado
| $20K | – | – | – |
|
|
LTFS
32
Ladenburg Thalmann Financial Services
Miami,
Florida
| $10K | – | – | – |
|
|
SI
33
SII Investments
Appleton,
Wisconsin
| – | -$135K | -10,750 | Closed |
|
|
RPG
34
Risk Paradigm Group
Austin,
Texas
| – | -$31.6K | -2,520 | Closed |
|
35
Creative Planning
Overland Park,
Kansas
| – | -$26K | -2,066 | Closed |
|
PFO Hedge Fund Activity: Q3 2017 in Review
32 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q3 2017, worth a combined $12.1M — down 1.9% from $12.4M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PFO positions and 3 closed out — a net gain of 1 holder — while 9 added to existing stakes and 10 trimmed.
The largest buyer was Cetera Advisor Networks, opening a new position worth an estimated $275K. The largest seller was SII Investments, exiting entirely with an estimated $135K sold.
- 32 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q3 2017, up from 31 in Q2 2017.
- Funds reported $12.1M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q3 2017, down 1.9% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q3 2017 and 3 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q3 2017 was Cetera Advisor Networks, an estimated $275K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q3 2017 was SII Investments, an estimated $135K sold.
Based on aggregated 13F filings for Q3 2017.