Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
44 hedge funds and large institutions have $15.7M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 7 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
3% more capital invested
Capital invested by funds: $15.3M → $15.7M (+$408K)
0.66% less ownership
Funds ownership: 14.92% → 14.25% (-0.66%)
6% less funds holding
Funds holding: 47 → 44 (-3)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
PFG Investments
Woodbury,
New York
|
+$902K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$239K |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
+$183K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$139K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$122K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$1.13M |
| 2 |
Morgan Stanley
New York
|
-$679K |
| 3 |
Mariner
Overland Park,
Kansas
|
-$97.5K |
| 4 |
FMN
Financial Management Network
Mission Viejo,
California
|
-$90.4K |
| 5 |
QWM
Quaker Wealth Management
Moorestown,
New Jersey
|
-$87.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Fidelity Investments
Boston,
Massachusetts
| – | -$8 | -1 | Closed |
|
PFO Hedge Fund Activity: Q1 2024 in Review
44 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q1 2024, worth a combined $15.7M — up 2.7% from $15.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PFO and 5 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 14 added.
The largest buyer was PFG Investments, opening a new position worth an estimated $902K. The largest seller was Saba Capital Management, cutting an estimated $1.13M.
- 44 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q1 2024, down from 47 in Q4 2023.
- Funds reported $15.7M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q1 2024, up 2.7% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q1 2024 and 7 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q1 2024 was PFG Investments, an estimated $902K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q1 2024 was Saba Capital Management, an estimated $1.13M sold.
Based on aggregated 13F filings for Q1 2024.