Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
36 hedge funds and large institutions have $9.26M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2020 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
0.14% more ownership
Funds ownership: 7.26% → 7.4% (+0.14%)
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
3% less funds holding
Funds holding: 37 → 36 (-1)
17% less capital invested
Capital invested by funds: $11.2M → $9.26M (-$1.96M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$394K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$258K |
| 3 |
SXL
Summit X LLC
Chesterfield,
Missouri
|
+$158K |
| 4 |
PCM
Poehling Capital Management
Madison,
Wisconsin
|
+$117K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$52.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$307K |
| 2 |
TPWA
TRUE Private Wealth Advisors
Salem,
Oregon
|
-$207K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$143K |
| 4 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$73.9K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$34.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
26
Poehling Capital Management
Madison,
Wisconsin
| $99K | +$117K | +10,000 | New |
|
|
27
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $94K | -$34.1K | -2,913 | -24% |
|
28
Citigroup
New York
| $82K | – | – | – |
|
|
AF
29
Advisornet Financial
Minnetonka,
Minnesota
| $72K | – | – | – |
|
|
SAM
30
S.A. Mason
Holland,
Michigan
| $69K | – | – | – |
|
31
Bank of America
Charlotte,
North Carolina
| $45K | -$1.81K | -155 | -3% |
|
|
APA
32
American Portfolios Advisors
Holbrook,
New York
| $12.9K | – | – | – |
|
|
FDCDDQ
33
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $12.9K | – | – | – |
|
|
FCM
34
Firestone Capital Management
Coral Gables,
Florida
| $10K | +$994 | +85 | +9% |
|
|
GWM
35
Geneos Wealth Management
Englewood,
Colorado
| $9K | -$3.51K | -300 | -25% |
|
|
AIC
36
Ameritas Investment Company
Lincoln,
Nebraska
| $9K | +$10.4K | +888 | New |
|
|
TPWA
37
TRUE Private Wealth Advisors
Salem,
Oregon
| – | -$207K | -16,852 | Closed |
|
|
38
Stifel Financial
St. Louis,
Missouri
| – | -$143K | -11,500 | Closed |
|
PFO Hedge Fund Activity: Q1 2020 in Review
36 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q1 2020, worth a combined $9.26M — down 17% from $11.2M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new PFO positions and 3 closed out — a net gain of 1 holder — while 11 added to existing stakes and 11 trimmed.
The largest buyer was Cetera Advisor Networks, opening a new position worth an estimated $394K. The largest seller was Morgan Stanley, cutting an estimated $307K.
- 36 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q1 2020, down from 37 in Q4 2019.
- Funds reported $9.26M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q1 2020, down 17% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q1 2020 and 3 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q1 2020 was Cetera Advisor Networks, an estimated $394K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q1 2020 was Morgan Stanley, an estimated $307K sold.
Based on aggregated 13F filings for Q1 2020.