Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
47 hedge funds and large institutions have $15.3M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
40% more capital invested
Capital invested by funds: $10.9M → $15.3M (+$4.4M)
15% more funds holding
Funds holding: 41 → 47 (+6)
3.66% more ownership
Funds ownership: 11.25% → 14.92% (+3.7%)
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$862K |
| 2 |
Morgan Stanley
New York
|
+$637K |
| 3 |
SCM
Saba Capital Management
New York
|
+$577K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$379K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$307K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$141K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$105K |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$97.5K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$81.2K |
| 5 |
LPL Financial
San Diego,
California
|
-$74.7K |
PFO Hedge Fund Activity: Q4 2023 in Review
47 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q4 2023, worth a combined $15.3M — up 40% from $10.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PFO positions and 3 closed out — a net gain of 6 holders — while 14 added to existing stakes and 13 trimmed.
The largest buyer was Matisse Capital, adding an estimated $862K. The largest seller was Raymond James & Associates, exiting entirely with an estimated $141K sold.
- 47 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q4 2023, up from 41 in Q3 2023.
- Funds reported $15.3M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q4 2023, up 40% quarter-over-quarter.
- 9 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q4 2023 and 3 closed out, a net change of +6 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q4 2023 was Matisse Capital, an estimated $862K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q4 2023 was Raymond James & Associates, an estimated $141K sold.
Based on aggregated 13F filings for Q4 2023.