Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
37 hedge funds and large institutions have $9.8M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 7 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
21% more capital invested
Capital invested by funds: $8.08M → $9.8M (+$1.72M)
0.89% more ownership
Funds ownership: 8.25% → 9.14% (+0.89%)
14% less funds holding
Funds holding: 43 → 37 (-6)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$813K |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$451K |
| 3 |
SXL
Summit X LLC
Chesterfield,
Missouri
|
+$205K |
| 4 |
Cerity Partners
New York
|
+$181K |
| 5 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$173K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$228K |
| 2 |
PJSIMP
P.J. Schmidt Investment Management (PJS)
Cedarburg,
Wisconsin
|
-$172K |
| 3 |
FFWM
Future Financial Wealth Management
Cincinnati,
Ohio
|
-$140K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$133K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$122K |
PFO Hedge Fund Activity: Q1 2023 in Review
37 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q1 2023, worth a combined $9.8M — up 21% from $8.08M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PFO and 2 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 12 added.
The largest buyer was D.A. Davidson & Co, adding an estimated $813K. The largest seller was Logan Stone Capital, exiting entirely with an estimated $228K sold.
- 37 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q1 2023, down from 43 in Q4 2022.
- Funds reported $9.8M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q1 2023, up 21% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q1 2023 and 7 closed out, a net change of -5 holders.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q1 2023 was D.A. Davidson & Co, an estimated $813K added.
- The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q1 2023 was Logan Stone Capital, an estimated $228K sold.
Based on aggregated 13F filings for Q1 2023.