VanEck Preferred Securities ex Financials ETF
PFXF
168 hedge funds and large institutions have $455M invested in VanEck Preferred Securities ex Financials ETF in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 55 increasing their positions, 52 reducing their positions, and 12 closing their positions.
1,212% more call options, than puts
Call options by funds: $564K | Put options by funds: $43K
158% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 12
21% more capital invested
Capital invested by funds: $375M → $455M (+$80.5M)
13% more funds holding
Funds holding: 149 → 168 (+19)
3.45% more ownership
Funds ownership: 29.5% → 32.95% (+3.4%)
6% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 52
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$59.7M |
| 2 |
LPL Financial
San Diego,
California
|
+$6.58M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.48M |
| 4 |
CCP
Carmel Capital Partners
San Diego,
California
|
+$3.1M |
| 5 |
FCM
Fortis Capital Management
Bellevue,
Washington
|
+$2.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PA
Procyon Advisors
Shelton,
Connecticut
|
-$15.5M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$6.15M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$3.9M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$1.9M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.8M |
PFXF Hedge Fund Activity: Q4 2023 in Review
168 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in VanEck Preferred Securities ex Financials ETF (PFXF) for Q4 2023, worth a combined $455M — up 21% from $375M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PFXF positions and 12 closed out — a net gain of 19 holders — while 55 added to existing stakes and 52 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $59.7M. The largest seller was Procyon Advisors, cutting an estimated $15.5M.
- 168 institutional investors held VanEck Preferred Securities ex Financials ETF (PFXF) as of Q4 2023, up from 149 in Q3 2023.
- Funds reported $455M of VanEck Preferred Securities ex Financials ETF stock for Q4 2023, up 21% quarter-over-quarter.
- 31 funds opened new VanEck Preferred Securities ex Financials ETF positions in Q4 2023 and 12 closed out, a net change of +19 holders.
- The largest VanEck Preferred Securities ex Financials ETF buyer in Q4 2023 was Morgan Stanley, an estimated $59.7M added.
- The largest VanEck Preferred Securities ex Financials ETF seller in Q4 2023 was Procyon Advisors, an estimated $15.5M sold.
Based on aggregated 13F filings for Q4 2023.