Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
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.
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: 37 → 41 (+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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$574K |
| 2 |
SCM
Saba Capital Management
New York
|
+$548K |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$306K |
| 4 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$241K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$191K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$295K |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$194K |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$110K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$24.7K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$15.8K |
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.