Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
35 hedge funds and large institutions have $12M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2017 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
9% more funds holding
Funds holding: 32 → 35 (+3)
0.05% less ownership
Funds ownership: 8.04% → 7.99% (-0.05%)
2% less capital invested
Capital invested by funds: $12.1M → $12M (-$196K)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$498K |
| 2 |
AGM
Alpine Global Management
New York
|
+$182K |
| 3 |
US Bancorp
Minneapolis,
Minnesota
|
+$165K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$145K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$141K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
-$736K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$219K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$93K |
| 4 |
SF
Synovus Financial
Columbus,
Georgia
|
-$64K |
| 5 |
SXL
Summit X LLC
Chesterfield,
Missouri
|
-$51.3K |
PFO Hedge Fund Activity: Q4 2017 in Review
35 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q4 2017, worth a combined $12M — down 1.6% from $12.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PFO positions and 4 closed out — a net gain of 3 holders — while 9 added to existing stakes and 13 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $498K. The largest seller was Cedar Hill Associates, exiting entirely with an estimated $736K sold.
- 35 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q4 2017, up from 32 in Q3 2017.
- Funds reported $12M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q4 2017, down 1.6% quarter-over-quarter.
- 7 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q4 2017 and 4 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q4 2017 was Laurion Capital Management, an estimated $498K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q4 2017 was Cedar Hill Associates, an estimated $736K sold.
Based on aggregated 13F filings for Q4 2017.