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VanEck Preferred Securities ex Financials ETF
PFXF

174 hedge funds and large institutions have $480M invested in VanEck Preferred Securities ex Financials ETF in 2024 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 80 increasing their positions, 38 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

135% more call options, than puts

Call options by funds: $853K | Put options by funds: $363K

111% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 38

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

44% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 16

5% more capital invested

Capital invested by funds: $455M → $480M (+$24.3M)

4% more funds holding

Funds holding: 168 → 174 (+6)

3.01% less ownership

Funds ownership: 32.95% → 29.93% (-3%)

Holders
174
Holders Change
+6
Holders Change %
+3.57%
% of All Funds
2.51%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.09%
New
23
Increased
80
Reduced
38
Closed
16
Calls
$853K
Puts
$363K
Net Calls
+$490K
Net Calls Change
-$31K

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$30.6M
2
Ameriprise
Ameriprise
Minnesota
+$5.83M
3
Wells Fargo
Wells Fargo
California
+$4.43M
4
LPL Financial
LPL Financial
California
+$3.48M
5
TWM
Tanager Wealth Management
United Kingdom
+$3.2M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$41.1M
2
MWM
MY Wealth Management
Maryland
-$12.1M
3
Lido Advisors
Lido Advisors
California
-$1.35M
4
1IA
1834 Investment Advisors
Wisconsin
-$996K
5
BRWA
B. Riley Wealth Advisors
Florida
-$694K
Name Holding Trade Value Shares
Change 		Change in
Stake
HWM
76
Howard Wealth Management
Connecticut
$571K +$29.5K +1,682 +5%
PFA
77
Pathway Financial Advisers
Indiana
$569K -$54K -3,076 -9%
AA
78
Apriem Advisors
California
$531K -$4.39K -250 -0.8%
Susquehanna International Group
79
Susquehanna International Group
Pennsylvania
$529K +$525K +29,890 New
BCWM
80
Bartlett & Co Wealth Management
Ohio
$520K – – –
CWP
81
Core Wealth Partners
California
$506K +$3.49K +199 +0.7%
IFG
82
Independent Financial Group
California
$471K +$105 +6 +0%
MAWAG
83
Mid-American Wealth Advisory Group
Missouri
$467K -$151K -8,623 -25%
MPWT
84
MassMutual Private Wealth & Trust
Connecticut
$411K +$13.4K +761 +3%
CAN
85
Cetera Advisor Networks
California
$400K +$31.7K +1,806 +9%
MCM
86
Mainstay Capital Management
Michigan
$388K -$163K -9,287 -30%
FNBT
87
FineMark National Bank & Trust
Florida
$380K +$377K +21,467 New
IAS
88
Insigneo Advisory Services
Florida
$364K +$142K +8,082 +65%
GWM
89
Geneos Wealth Management
Colorado
$337K +$10.9K +620 +3%
RJT
90
Raymond James Trust
Florida
$333K +$125K +7,094 +60%
PA
91
Pinnacle Associates
New York
$328K – – –
NA
92
NewEdge Advisors
Louisiana
$325K +$228 +13 +0.1%
Rockefeller Capital Management
93
Rockefeller Capital Management
New York
$322K -$17.9K -1,018 -5%
WAM
94
Worth Asset Management
Texas
$321K +$318K +18,123 New
Citadel Advisors
95
Citadel Advisors
Florida
$316K +$246K +13,999 +360%
RFN
96
Redwood Financial Network
Ohio
$311K +$309K +17,588 New
BRIA
97
Balanced Rock Investment Advisors
Massachusetts
$304K +$302K +17,209 New
TYCC
98
Texas Yale Capital Corp
Florida
$303K +$123 +7 +0%
HA
99
Hofer & Associates
California
$279K -$2K -114 -0.7%
PWM
100
Perigon Wealth Management
California
$272K +$1.33K +76 +0.5%
2 3
4
5 6

PFXF Hedge Fund Activity: Q1 2024 in Review

174 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in VanEck Preferred Securities ex Financials ETF (PFXF) for Q1 2024, worth a combined $480M — up 5.3% from $455M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new PFXF positions and 16 closed out — a net gain of 7 holders — while 80 added to existing stakes and 38 trimmed.

The largest buyer was Bank of America, adding an estimated $30.6M. The largest seller was Morgan Stanley, cutting an estimated $41.1M.

  • 174 institutional investors held VanEck Preferred Securities ex Financials ETF (PFXF) as of Q1 2024, up from 168 in Q4 2023.
  • Funds reported $480M of VanEck Preferred Securities ex Financials ETF stock for Q1 2024, up 5.3% quarter-over-quarter.
  • 23 funds opened new VanEck Preferred Securities ex Financials ETF positions in Q1 2024 and 16 closed out, a net change of +7 holders.
  • The largest VanEck Preferred Securities ex Financials ETF buyer in Q1 2024 was Bank of America, an estimated $30.6M added.
  • The largest VanEck Preferred Securities ex Financials ETF seller in Q1 2024 was Morgan Stanley, an estimated $41.1M sold.

Based on aggregated 13F filings for Q1 2024.