Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
40 hedge funds and large institutions have $12.6M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2018 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 13 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
5% more capital invested
Capital invested by funds: $11.9M → $12.6M (+$632K)
3% more funds holding
Funds holding: 39 → 40 (+1)
0.55% more ownership
Funds ownership: 8.78% → 9.33% (+0.55%)
54% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$555K |
| 2 |
SXL
Summit X LLC
Chesterfield,
Missouri
|
+$442K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$384K |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
+$207K |
| 5 |
HK
Horizon Kinetics
New York
|
+$161K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$275K |
| 2 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$241K |
| 3 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
-$194K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$175K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$160K |
PFO Hedge Fund Activity: Q2 2018 in Review
40 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q2 2018, worth a combined $12.6M — up 5.3% from $11.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PFO positions and 6 closed out — a net gain of 1 holder — while 6 added to existing stakes and 13 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $555K. The largest seller was Private Advisor Group, exiting entirely with an estimated $275K sold.
- 40 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q2 2018, up from 39 in Q1 2018.
- Funds reported $12.6M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q2 2018, up 5.3% quarter-over-quarter.
- 7 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q2 2018 and 6 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q2 2018 was Robinson Capital Management, an estimated $555K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q2 2018 was Private Advisor Group, an estimated $275K sold.
Based on aggregated 13F filings for Q2 2018.