Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
36 hedge funds and large institutions have $10.9M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2018 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 8 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
1.86% less ownership
Funds ownership: 9.33% → 7.47% (-1.9%)
10% less funds holding
Funds holding: 40 → 36 (-4)
13% less capital invested
Capital invested by funds: $12.6M → $10.9M (-$1.68M)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$481K |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$132K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$125K |
| 4 |
LPL Financial
San Diego,
California
|
+$93.7K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$71.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.31M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$606K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$554K |
| 4 |
CHA
Cedar Hill Associates
Chicago,
Illinois
|
-$399K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$229K |
PFO Hedge Fund Activity: Q3 2018 in Review
36 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q3 2018, worth a combined $10.9M — down 13% from $12.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PFO and 4 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 9 added.
The largest buyer was Private Advisor Group, opening a new position worth an estimated $481K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.31M sold.
- 36 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q3 2018, down from 40 in Q2 2018.
- Funds reported $10.9M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q3 2018, down 13% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q3 2018 and 8 closed out, a net change of -4 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q3 2018 was Private Advisor Group, an estimated $481K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q3 2018 was Wolverine Asset Management, an estimated $1.31M sold.
Based on aggregated 13F filings for Q3 2018.