Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
47 hedge funds and large institutions have $23.7M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2024 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 8 closing their positions.
35% more capital invested
Capital invested by funds: $17.6M → $23.7M (+$6.11M)
3.44% more ownership
Funds ownership: 15.89% → 19.33% (+3.4%)
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
2% less funds holding
Funds holding: 48 → 47 (-1)
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$5.2M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.21M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$423K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$336K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$335K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$1.13M |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$868K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$795K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$195K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$166K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$108K | -12,715 | Closed |
|
|
RL
52
RPO LLC
Stamford,
Connecticut
| – | -$104K | -12,287 | Closed |
|
53
Nomura Holdings
Tokyo,
Japan
| – | -$84.7K | -10,000 | Closed |
|
54
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$46.6K | -5,500 | Closed |
|
|
IAIM
55
International Assets Investment Management
Orlando,
Florida
| – | -$8.83K | -1,043 | Closed |
|
PFO Hedge Fund Activity: Q3 2024 in Review
47 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q3 2024, worth a combined $23.7M — up 35% from $17.6M a quarter earlier.
Fund positioning in PFO was balanced in Q3 2024: 8 funds opened new positions, 8 closed out, 12 added to existing stakes and 16 trimmed.
The largest buyer was CIBC Private Wealth Group, opening a new position worth an estimated $5.2M. The largest seller was Saba Capital Management, exiting entirely with an estimated $1.13M sold.
- 47 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q3 2024, down from 48 in Q2 2024.
- Funds reported $23.7M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q3 2024, up 35% quarter-over-quarter.
- 8 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q3 2024 and 8 closed out, a net change of 0 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q3 2024 was CIBC Private Wealth Group, an estimated $5.2M added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q3 2024 was Saba Capital Management, an estimated $1.13M sold.
Based on aggregated 13F filings for Q3 2024.