Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
45 hedge funds and large institutions have $39M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2025 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 10 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
36% more capital invested
Capital invested by funds: $28.6M → $39M (+$10.4M)
7.03% more ownership
Funds ownership: 23.61% → 30.64% (+7%)
4% less funds holding
Funds holding: 47 → 45 (-2)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.5M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
+$2.96M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.86M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$885K |
| 5 |
TI
TrueMark Investments
Chicago,
Illinois
|
+$645K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.68M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.58M |
| 3 |
EMCIP
Ewing Morris & Co Investment Partners
Toronto,
Ontario, Canada
|
-$700K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$365K |
| 5 |
SAM
Smith Asset Management
Chiefland,
Florida
|
-$298K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$98.5K | -10,654 | Closed |
|
|
BFF
52
Byrne Financial Freedom
Franklin,
Massachusetts
| – | -$94.3K | -10,200 | Closed |
|
53
Raymond James Financial
St Petersburg,
Florida
| – | -$49.1K | -5,308 | Closed |
|
|
AAS
54
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$32.4K | -3,500 | Closed |
|
|
SAM
55
S.A. Mason
Holland,
Michigan
| – | -$32.4K | -3,500 | Closed |
|
PFO Hedge Fund Activity: Q3 2025 in Review
45 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q3 2025, worth a combined $39M — up 36% from $28.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PFO and 8 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 15 added.
The largest buyer was Sit Investment Associates, adding an estimated $5.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.68M.
- 45 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q3 2025, down from 47 in Q2 2025.
- Funds reported $39M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q3 2025, up 36% quarter-over-quarter.
- 8 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q3 2025 and 10 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q3 2025 was Sit Investment Associates, an estimated $5.5M added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q3 2025 was Rivernorth Capital Management, an estimated $1.68M sold.
Based on aggregated 13F filings for Q3 2025.