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PFO

Flaherty & Crumrine Preferred and Income Opportunity Fund

25 hedge funds and large institutions have $9.49M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2016 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

0.89% less ownership

Funds ownership: 7.55%6.66% (-0.89%)

4% less funds holding

Funds holding: 2625 (-1)

19% less capital invested

Capital invested by funds: $11.7M → $9.49M (-$2.19M)

73% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 11

Holders
25
Holders Change
-1
Holders Change %
-3.85%
% of All Funds
0.67%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
3
Increased
3
Reduced
11
Closed
2
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Fifth Third Bancorp
1
Fifth Third Bancorp
Ohio
$2.88M -$512K -41,702 -14%
Morgan Stanley
2
Morgan Stanley
New York
$1.63M +$259K +21,131 +18%
CHA
3
Cedar Hill Associates
Illinois
$1.19M -$54K -4,400 -4%
LPL Financial
4
LPL Financial
California
$841K +$1.75K +143 +0.2%
CCM
5
Covington Capital Management
California
$618K -$24.5K -2,000 -4%
GC
6
Guggenheim Capital
Illinois
$590K -$112K -9,155 -15%
Wells Fargo
7
Wells Fargo
California
$320K -$2.06K -168 -0.6%
FAAS
8
First Allied Advisory Services
California
$197K -$25.5K -2,075 -11%
CA
9
Cetera Advisors
Colorado
$147K
CSIC
10
Clifford Swan Investment Counsel
California
$144K
Commonwealth Equity Services
11
Commonwealth Equity Services
Massachusetts
$139K -$7.48K -610 -5%
UBS Group
12
UBS Group
Switzerland
$135K +$71.3K +5,815 +99%
SI
13
SII Investments
Wisconsin
$126K
US Bancorp
14
US Bancorp
Minnesota
$99K +$105K +8,566 New
Citigroup
15
Citigroup
New York
$96K -$24.5K -2,000 -19%
Bank of America
16
Bank of America
North Carolina
$92K -$200K -16,283 -67%
MFW
17
Mosaic Family Wealth
Missouri
$47K
SF
18
Synovus Financial
Georgia
$44K
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$30K -$2.76K -225 -8%
RPG
20
Risk Paradigm Group
Texas
$29K +$30.9K +2,520 New
AG
21
Advisor Group
Arizona
$24K
Creative Planning
22
Creative Planning
Kansas
$24K
LTFS
23
Ladenburg Thalmann Financial Services
Florida
$23K -$36.8K -3,000 -60%
GWM
24
Geneos Wealth Management
Colorado
$19K
NFG
25
Next Financial Group
Texas
$2K +$2.45K +200 New

PFO Hedge Fund Activity: Q3 2016 in Review

25 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q3 2016, worth a combined $9.49M — down 19% from $11.7M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new PFO positions and 2 closed out — a net gain of 1 holder — while 3 added to existing stakes and 11 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $259K. The largest seller was Fifth Third Bancorp, cutting an estimated $512K.

  • 25 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q3 2016, down from 26 in Q2 2016.
  • Funds reported $9.49M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q3 2016, down 19% quarter-over-quarter.
  • 3 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q3 2016 and 2 closed out, a net change of +1 holder.
  • The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q3 2016 was Morgan Stanley, an estimated $259K added.
  • The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q3 2016 was Fifth Third Bancorp, an estimated $512K sold.

Based on aggregated 13F filings for Q3 2016.