Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
37 hedge funds and large institutions have $11.2M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
9% more funds holding
Funds holding: 34 → 37 (+3)
2% more capital invested
Capital invested by funds: $11M → $11.2M (+$271K)
0.13% more ownership
Funds ownership: 7.13% → 7.26% (+0.13%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$784K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$41.7K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$24.4K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$18.6K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$15.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$923K |
| 2 |
JPLA
Joseph P. Lucia & Associates
Yorktown Heights,
New York
|
-$73K |
| 3 |
SSB
Sandy Spring Bank
Olney,
Maryland
|
-$24K |
| 4 |
SXL
Summit X LLC
Chesterfield,
Missouri
|
-$20K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$12.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SAG
26
Spotlight Asset Group
Oakbrook Terrace,
Illinois
| $123K | +$135K | +11,085 | New |
|
27
Citigroup
New York
| $102K | – | – | – |
|
|
AG
28
Advisor Group
Phoenix,
Arizona
| $91K | +$390 | +32 | +0.4% |
|
|
AF
29
Advisornet Financial
Minnetonka,
Minnesota
| $90K | – | – | – |
|
|
SAM
30
S.A. Mason
Holland,
Michigan
| $86K | +$85.2K | +7,000 | New |
|
31
Bank of America
Charlotte,
North Carolina
| $58K | -$11.7K | -959 | -17% |
|
|
LTFS
32
Ladenburg Thalmann Financial Services
Miami,
Florida
| $27K | – | – | – |
|
|
APA
33
American Portfolios Advisors
Holbrook,
New York
| $16K | – | – | – |
|
|
FDCDDQ
34
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $16K | – | – | – |
|
|
GWM
35
Geneos Wealth Management
Englewood,
Colorado
| $14K | – | – | – |
|
|
FCM
36
Firestone Capital Management
Coral Gables,
Florida
| $11K | +$11.1K | +915 | New |
|
|
JPLA
37
Joseph P. Lucia & Associates
Yorktown Heights,
New York
| – | -$73K | -6,000 | Closed |
|
|
SSB
38
Sandy Spring Bank
Olney,
Maryland
| – | -$24K | -2,000 | Closed |
|
39
Fidelity Investments
Boston,
Massachusetts
| – | +$12 | +1 | New |
|
PFO Hedge Fund Activity: Q4 2019 in Review
37 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q4 2019, worth a combined $11.2M — up 2.5% from $11M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PFO positions and 2 closed out — a net gain of 3 holders — while 10 added to existing stakes and 6 trimmed.
The largest buyer was UBS Group, adding an estimated $784K. The largest seller was Morgan Stanley, cutting an estimated $923K.
- 37 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q4 2019, up from 34 in Q3 2019.
- Funds reported $11.2M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q4 2019, up 2.5% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q4 2019 and 2 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q4 2019 was UBS Group, an estimated $784K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q4 2019 was Morgan Stanley, an estimated $923K sold.
Based on aggregated 13F filings for Q4 2019.