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PFO

Flaherty & Crumrine Preferred and Income Opportunity Fund

34 hedge funds and large institutions have $11M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.43% less ownership

Funds ownership: 7.56%7.13% (-0.43%)

2% less capital invested

Capital invested by funds: $11.1M → $11M (-$168K)

9% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 11

8% less funds holding

Funds holding: 3734 (-3)

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

Holders
34
Holders Change
-3
Holders Change %
-8.11%
% of All Funds
0.75%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
1
Increased
10
Reduced
11
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$3.13M +$76.2K +6,282 +3%
SXL
2
Summit X LLC
Missouri
$1.22M -$71.8K -5,915 -6%
PAG
3
Private Advisor Group
New Jersey
$685K +$12.4K +1,020 +2%
Fifth Third Bancorp
4
Fifth Third Bancorp
Ohio
$515K -$45K -3,705 -8%
DADC
5
D.A. Davidson & Co
Montana
$469K +$1.66K +137 +0.4%
CCM
6
Covington Capital Management
California
$457K -$24.3K -2,000 -5%
Wells Fargo
7
Wells Fargo
California
$451K -$7.58K -625 -2%
US Bancorp
8
US Bancorp
Minnesota
$417K +$20K +1,648 +5%
FAAS
9
First Allied Advisory Services
California
$405K -$24.2K -1,995 -6%
LPL Financial
10
LPL Financial
California
$379K +$1.55K +128 +0.4%
Commonwealth Equity Services
11
Commonwealth Equity Services
Massachusetts
$247K +$25.8K +2,124 +12%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$214K -$14.9K -1,231 -7%
PNC Financial Services Group
13
PNC Financial Services Group
Pennsylvania
$208K
TPWA
14
TRUE Private Wealth Advisors
Oregon
$206K
MFW
15
Mosaic Family Wealth
Missouri
$179K -$176K -14,503 -50%
RJA
16
Raymond James & Associates
Florida
$177K +$24.3K +2,000 +16%
LF
17
Lee Financial
Texas
$163K
CSIC
18
Clifford Swan Investment Counsel
California
$153K
Northwestern Mutual Wealth Management
19
Northwestern Mutual Wealth Management
Wisconsin
$151K
OA
20
Oxbow Advisors
Texas
$139K
Stifel Financial
21
Stifel Financial
Missouri
$139K
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$138K +$48.5K +4,000 +55%
RJFSA
23
Raymond James Financial Services Advisors
Florida
$127K -$15.1K -1,246 -11%
Citigroup
24
Citigroup
New York
$102K
AG
25
Advisor Group
Arizona
$90K +$25.6K +2,110 +40%

PFO Hedge Fund Activity: Q3 2019 in Review

34 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q3 2019, worth a combined $11M — down 1.5% from $11.1M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of PFO and 1 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 10 added.

The largest buyer was Morgan Stanley, adding an estimated $76.2K. The largest seller was Horizon Kinetics Asset Management, exiting entirely with an estimated $232K sold.

  • 34 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q3 2019, down from 37 in Q2 2019.
  • Funds reported $11M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q3 2019, down 1.5% quarter-over-quarter.
  • 1 fund opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q3 2019 and 4 closed out, a net change of -3 holders.
  • The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q3 2019 was Morgan Stanley, an estimated $76.2K added.
  • The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q3 2019 was Horizon Kinetics Asset Management, an estimated $232K sold.

Based on aggregated 13F filings for Q3 2019.