Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
34 hedge funds and large institutions have $11M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 4 closing their positions.
0.43% less ownership
Funds ownership: 7.56% → 7.13% (-0.43%)
2% less capital invested
Capital invested by funds: $11.1M → $11M (-$168K)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
8% less funds holding
Funds holding: 37 → 34 (-3)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$76.2K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$48.5K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$27.2K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$25.8K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$25.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$232K |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$196K |
| 3 |
MFW
Mosaic Family Wealth
St. Louis,
Missouri
|
-$176K |
| 4 |
SXL
Summit X LLC
Chesterfield,
Missouri
|
-$71.8K |
| 5 |
FHA
Flagship Harbor Advisors
Boston,
Massachusetts
|
-$50K |
PFO Hedge Fund Activity: Q3 2019 in Review
34 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q3 2019, worth a combined $11M — down 1.5% from $11.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PFO and 1 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 10 added.
The largest buyer was Morgan Stanley, adding an estimated $76.2K. The largest seller was Horizon Kinetics Asset Management, exiting entirely with an estimated $232K sold.
- 34 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q3 2019, down from 37 in Q2 2019.
- Funds reported $11M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q3 2019, down 1.5% quarter-over-quarter.
- 1 fund opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q3 2019 and 4 closed out, a net change of -3 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q3 2019 was Morgan Stanley, an estimated $76.2K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q3 2019 was Horizon Kinetics Asset Management, an estimated $232K sold.
Based on aggregated 13F filings for Q3 2019.