Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
39 hedge funds and large institutions have $11.9M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2018 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 6 reducing their positions, and 6 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 6
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
11% more funds holding
Funds holding: 35 → 39 (+4)
0.78% more ownership
Funds ownership: 7.99% → 8.78% (+0.78%)
0% less capital invested
Capital invested by funds: $12M → $11.9M (-$16.8K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.39M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$629K |
| 3 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
+$615K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$274K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$154K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$838K |
| 2 |
LCM
Laurion Capital Management
New York
|
-$487K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$405K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$344K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$319K |
PFO Hedge Fund Activity: Q1 2018 in Review
39 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q1 2018, worth a combined $11.9M — down 0.14% from $12M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PFO positions and 6 closed out — a net gain of 4 holders — while 15 added to existing stakes and 6 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $1.39M. The largest seller was Fifth Third Bancorp, cutting an estimated $838K.
- 39 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q1 2018, up from 35 in Q4 2017.
- Funds reported $11.9M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q1 2018, down 0.14% quarter-over-quarter.
- 10 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q1 2018 and 6 closed out, a net change of +4 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q1 2018 was Wolverine Asset Management, an estimated $1.39M added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q1 2018 was Fifth Third Bancorp, an estimated $838K sold.
Based on aggregated 13F filings for Q1 2018.