Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
36 hedge funds and large institutions have $9.6M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 3 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
1.3% less ownership
Funds ownership: 8.12% → 6.81% (-1.3%)
3% less funds holding
Funds holding: 37 → 36 (-1)
10% less capital invested
Capital invested by funds: $10.7M → $9.6M (-$1.12M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$414K |
| 2 |
MFW
Mosaic Family Wealth
St. Louis,
Missouri
|
+$101K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$32.1K |
| 4 |
LPL Financial
San Diego,
California
|
+$23.1K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$10.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SXL
Summit X LLC
Chesterfield,
Missouri
|
-$1.48M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$365K |
| 3 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$145K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$122K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$96.2K |
PFO Hedge Fund Activity: Q1 2019 in Review
36 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q1 2019, worth a combined $9.6M — down 10% from $10.7M a quarter earlier.
Fund positioning in PFO was balanced in Q1 2019: 3 funds opened new positions, 3 closed out, 11 added to existing stakes and 9 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $414K. The largest seller was Summit X LLC, cutting an estimated $1.48M.
- 36 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q1 2019, down from 37 in Q4 2018.
- Funds reported $9.6M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q1 2019, down 10% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q1 2019 and 3 closed out, a net change of 0 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q1 2019 was Morgan Stanley, an estimated $414K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q1 2019 was Summit X LLC, an estimated $1.48M sold.
Based on aggregated 13F filings for Q1 2019.