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PFO

Flaherty & Crumrine Preferred and Income Opportunity Fund

41 hedge funds and large institutions have $10.9M invested in Flaherty & Crumrine Preferred and Income Opportunity Fund in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 3

56% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 9

11% more funds holding

Funds holding: 3741 (+4)

10% more capital invested

Capital invested by funds: $9.91M → $10.9M (+$1.01M)

1.77% more ownership

Funds ownership: 9.48%11.25% (+1.8%)

Holders
41
Holders Change
+4
Holders Change %
+10.81%
% of All Funds
0.65%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
7
Increased
14
Reduced
9
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PAG
1
Private Advisor Group
New Jersey
$1.5M +$32.1K +4,159 +2%
DADC
2
D.A. Davidson & Co
Montana
$1.28M -$194K -25,146 -13%
Morgan Stanley
3
Morgan Stanley
New York
$772K +$58.5K +7,582 +8%
WAM
4
Wolverine Asset Management
Illinois
$749K +$574K +74,371 +283%
SXL
5
Summit X LLC
Missouri
$684K -$4.05K -525 -0.6%
Cambridge Investment Research Advisors
6
Cambridge Investment Research Advisors
Iowa
$628K +$7.34K +950 +1%
CPRC
7
Consolidated Portfolio Review Corp
New York
$585K +$241K +31,223 +66%
SCM
8
Saba Capital Management
New York
$528K +$548K +70,962 New
Osaic Holdings
9
Osaic Holdings
Arizona
$401K -$15.8K -2,043 -4%
LPL Financial
10
LPL Financial
California
$341K +$31.5K +4,083 +10%
AA
11
AQR Arbitrage
Connecticut
$295K +$306K +39,585 New
Wells Fargo
12
Wells Fargo
California
$281K -$10.4K -1,352 -3%
BW
13
Basepoint Wealth
Iowa
$256K +$4.15K +537 +2%
PNC Financial Services Group
14
PNC Financial Services Group
Pennsylvania
$252K
CSIC
15
Clifford Swan Investment Counsel
California
$219K
Bank of America
16
Bank of America
North Carolina
$186K -$24.7K -3,200 -11%
LSC
17
Logan Stone Capital
Illinois
$185K +$191K +24,799 New
NA
18
NewEdge Advisors
Louisiana
$161K -$110K -14,300 -40%
RJA
19
Raymond James & Associates
Florida
$141K +$10.9K +1,415 +8%
Cetera Investment Advisers
20
Cetera Investment Advisers
Illinois
$140K -$15.4K -2,000 -10%
SFI
21
SPC Financial Inc
Maryland
$138K
UBS Group
22
UBS Group
Switzerland
$135K +$26.1K +3,376 +23%
MC
23
Matisse Capital
Oregon
$130K +$135K +17,450 New
Susquehanna International Group
24
Susquehanna International Group
Pennsylvania
$105K +$109K +14,077 New
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$104K -$3.98K -516 -4%

PFO Hedge Fund Activity: Q3 2023 in Review

41 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) for Q3 2023, worth a combined $10.9M — up 10% from $9.91M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new PFO positions and 3 closed out — a net gain of 4 holders — while 14 added to existing stakes and 9 trimmed.

The largest buyer was Wolverine Asset Management, adding an estimated $574K. The largest seller was Invesco, exiting entirely with an estimated $295K sold.

  • 41 institutional investors held Flaherty & Crumrine Preferred and Income Opportunity Fund (PFO) as of Q3 2023, up from 37 in Q2 2023.
  • Funds reported $10.9M of Flaherty & Crumrine Preferred and Income Opportunity Fund stock for Q3 2023, up 10% quarter-over-quarter.
  • 7 funds opened new Flaherty & Crumrine Preferred and Income Opportunity Fund positions in Q3 2023 and 3 closed out, a net change of +4 holders.
  • The largest Flaherty & Crumrine Preferred and Income Opportunity Fund buyer in Q3 2023 was Wolverine Asset Management, an estimated $574K added.
  • The largest Flaherty & Crumrine Preferred and Income Opportunity Fund seller in Q3 2023 was Invesco, an estimated $295K sold.

Based on aggregated 13F filings for Q3 2023.