Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
37 hedge funds and large institutions have $10.7M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2018 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
3% more funds holding
Funds holding: 36 → 37 (+1)
0.65% more ownership
Funds ownership: 7.47% → 8.12% (+0.65%)
2% less capital invested
Capital invested by funds: $10.9M → $10.7M (-$178K)
17% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$491K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$230K |
| 3 |
SXL
Summit X LLC
Chesterfield,
Missouri
|
+$218K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$125K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$89K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
US Bancorp
Minneapolis,
Minnesota
|
-$127K |
| 2 |
PI
Parkside Investments
Deerfield,
Illinois
|
-$116K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$76.5K |
| 4 |
HK
Horizon Kinetics
New York
|
-$70K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$27.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $87K | – | – | – |
|
|
AF
27
Advisornet Financial
Minnetonka,
Minnesota
| $77K | – | – | – |
|
28
UBS Group
Zurich,
Switzerland
| $60K | -$16.9K | -1,517 | -21% |
|
|
FHA
29
Flagship Harbor Advisors
Boston,
Massachusetts
| $45K | -$11 | -1 | -0% |
|
|
AG
30
Advisor Group
Phoenix,
Arizona
| $44K | +$4.82K | +433 | +12% |
|
|
FHB
31
First Hawaiian Bank
Honolulu,
Hawaii
| $43K | – | – | – |
|
32
Bank of America
Charlotte,
North Carolina
| $33K | -$7.59K | -683 | -18% |
|
|
FDCDDQ
33
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $27.4K | – | – | – |
|
|
RCAG
34
Rehmann Capital Advisory Group
Lansing,
Michigan
| $21.1K | – | – | – |
|
|
LTFS
35
Ladenburg Thalmann Financial Services
Miami,
Florida
| $21K | – | – | – |
|
|
APA
36
American Portfolios Advisors
Holbrook,
New York
| $13.7K | – | – | – |
|
|
GWM
37
Geneos Wealth Management
Englewood,
Colorado
| $12K | – | – | – |
|
|
PI
38
Parkside Investments
Deerfield,
Illinois
| – | -$116K | -10,000 | Closed |
|
PFO Hedge Fund Activity: Q4 2018 in Review
37 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q4 2018, worth a combined $10.7M — down 1.6% from $10.9M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new PFO positions and 1 closed out — a net gain of 1 holder — while 10 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $491K. The largest seller was US Bancorp, cutting an estimated $127K.
- 37 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q4 2018, up from 36 in Q3 2018.
- Funds reported $10.7M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q4 2018, down 1.6% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q4 2018 and 1 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q4 2018 was Morgan Stanley, an estimated $491K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q4 2018 was US Bancorp, an estimated $127K sold.
Based on aggregated 13F filings for Q4 2018.