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PFO

Flaherty & Crumrine Preferred and Income Opportunity Fund

30 hedge funds and large institutions have $11.9M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 6

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

20% more capital invested

Capital invested by funds: $9.89M → $11.9M (+$2M)

3% more funds holding

Funds holding: 2930 (+1)

0.66% more ownership

Funds ownership: 7.49%8.15% (+0.66%)

Holders
30
Holders Change
+1
Holders Change %
+3.45%
% of All Funds
0.8%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
10
Reduced
6
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Fifth Third Bancorp
1
Fifth Third Bancorp
Ohio
$3.45M -$25.3K -2,300 -0.8%
LPL Financial
2
LPL Financial
California
$1.67M +$16.2K +1,470 +1%
Morgan Stanley
3
Morgan Stanley
New York
$1.38M +$262K +23,836 +26%
CHA
4
Cedar Hill Associates
Illinois
$1.32M +$847K +77,000 +219%
GC
5
Guggenheim Capital
Illinois
$738K +$93.7K +8,518 +16%
CCM
6
Covington Capital Management
California
$651K +$88K +8,000 +17%
Bank of America
7
Bank of America
North Carolina
$282K -$51.5K -4,684 -16%
Wells Fargo
8
Wells Fargo
California
$269K -$11 -1 -0%
ICAS
9
Investors Capital Advisory Services
Massachusetts
$260K +$12.8K +1,165 +6%
Northwestern Mutual Wealth Management
10
Northwestern Mutual Wealth Management
Wisconsin
$248K
PAG
11
Private Advisor Group
New Jersey
$233K +$29.3K +2,665 +16%
FAAS
12
First Allied Advisory Services
California
$228K -$74.8K -6,804 -26%
VFS
13
VSR Financial Services
Kansas
$154K +$2.75K +250 +2%
CA
14
Cetera Advisors
Colorado
$151K +$138K +12,585 New
CSIC
15
Clifford Swan Investment Counsel
California
$148K +$137K +12,500 New
SI
16
SII Investments
Wisconsin
$128K
Citigroup
17
Citigroup
New York
$121K
DADC
18
D.A. Davidson & Co
Montana
$107K
UBS Group
19
UBS Group
Switzerland
$60K +$18.2K +1,658 +48%
LTFS
20
Ladenburg Thalmann Financial Services
Florida
$59K
MFW
21
Mosaic Family Wealth
Missouri
$48K
SF
22
Synovus Financial
Georgia
$45K +$18.8K +1,707 +81%
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$33K -$15.9K -1,446 -34%
Creative Planning
24
Creative Planning
Kansas
$24K -$21.6K -1,968 -49%
AIG
25
American International Group
New York
$24K

PFO Hedge Fund Activity: Q1 2016 in Review

30 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q1 2016, worth a combined $11.9M — up 20% from $9.89M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new PFO positions and 3 closed out — a net gain of 1 holder — while 10 added to existing stakes and 6 trimmed.

The largest buyer was Cedar Hill Associates, adding an estimated $847K. The largest seller was First Foundation Advisors, exiting entirely with an estimated $213K sold.

  • 30 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q1 2016, up from 29 in Q4 2015.
  • Funds reported $11.9M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q1 2016, up 20% quarter-over-quarter.
  • 4 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q1 2016 and 3 closed out, a net change of +1 holder.
  • The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q1 2016 was Cedar Hill Associates, an estimated $847K added.
  • The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q1 2016 was First Foundation Advisors, an estimated $213K sold.

Based on aggregated 13F filings for Q1 2016.