Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
48 hedge funds and large institutions have $17.6M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
12% more capital invested
Capital invested by funds: $15.7M → $17.6M (+$1.86M)
9% more funds holding
Funds holding: 44 → 48 (+4)
1.64% more ownership
Funds ownership: 14.25% → 15.89% (+1.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.15M |
| 2 |
SCM
Saba Capital Management
New York
|
+$1.01M |
| 3 |
NWM
Napa Wealth Management
Napa,
California
|
+$661K |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$306K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$171K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
PFG Investments
Woodbury,
New York
|
-$921K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$545K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$274K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$149K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$140K |
PFO Hedge Fund Activity: Q2 2024 in Review
48 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q2 2024, worth a combined $17.6M — up 12% from $15.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PFO positions and 3 closed out — a net gain of 5 holders — while 15 added to existing stakes and 11 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.15M. The largest seller was PFG Investments, exiting entirely with an estimated $921K sold.
- 48 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q2 2024, up from 44 in Q1 2024.
- Funds reported $17.6M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q2 2024, up 12% quarter-over-quarter.
- 8 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q2 2024 and 3 closed out, a net change of +5 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q2 2024 was Sit Investment Associates, an estimated $1.15M added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q2 2024 was PFG Investments, an estimated $921K sold.
Based on aggregated 13F filings for Q2 2024.