VanEck Preferred Securities ex Financials ETF
PFXF
143 hedge funds and large institutions have $314M invested in VanEck Preferred Securities ex Financials ETF in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 64 increasing their positions, 31 reducing their positions, and 19 closing their positions.
106% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 31
20% more capital invested
Capital invested by funds: $263M → $314M (+$51.5M)
1.18% more ownership
Funds ownership: 26.28% → 27.46% (+1.2%)
5% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 19
2% less funds holding
Funds holding: 146 → 143 (-3)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$10M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.23M |
| 3 |
LPL Financial
San Diego,
California
|
+$5.75M |
| 4 |
Morgan Stanley
New York
|
+$5.54M |
| 5 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
+$5.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWM
Moran Wealth Management
Naples,
Florida
|
-$5.14M |
| 2 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
-$2.52M |
| 3 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$1.97M |
| 4 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
-$1.96M |
| 5 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$1.88M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EL
151
Essex LLC
Deer Park,
Illinois
| – | -$250K | -14,969 | Closed |
|
152
Cerity Partners
New York
| – | -$214K | -12,126 | Closed |
|
|
SFS
153
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$195K | -11,026 | Closed |
|
|
ASN
154
Advisory Services Network
Atlanta,
Georgia
| – | -$146K | -8,295 | Closed |
|
|
AAM
155
Advisors Asset Management
Monument,
Colorado
| – | -$91.9K | -5,204 | Closed |
|
|
TIM
156
Thompson Investment Management
Madison,
Wisconsin
| – | -$13.2K | -747 | Closed |
|
|
S
157
SignatureFD
Atlanta,
Georgia
| – | -$10.1K | -575 | Closed |
|
|
RAM
158
Riggs Asset Management
Dallas,
Pennsylvania
| – | -$9.88K | -560 | Closed |
|
|
RCM
159
Raleigh Capital Management
Cary,
North Carolina
| – | -$9K | -510 | Closed |
|
|
AAS
160
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$8.91K | -505 | Closed |
|
|
CFGS
161
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$2.51K | -145 | Closed |
|
|
SSC
162
Syverson Strege & Co
West Des Moines,
Iowa
| – | -$2.56K | -145 | Closed |
|
PFXF Hedge Fund Activity: Q2 2023 in Review
143 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in VanEck Preferred Securities ex Financials ETF (PFXF) for Q2 2023, worth a combined $314M — up 20% from $263M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of PFXF and 18 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 64 added.
The largest buyer was Bank of America, adding an estimated $10M. The largest seller was Moran Wealth Management, exiting entirely with an estimated $5.14M sold.
- 143 institutional investors held VanEck Preferred Securities ex Financials ETF (PFXF) as of Q2 2023, down from 146 in Q1 2023.
- Funds reported $314M of VanEck Preferred Securities ex Financials ETF stock for Q2 2023, up 20% quarter-over-quarter.
- 18 funds opened new VanEck Preferred Securities ex Financials ETF positions in Q2 2023 and 19 closed out, a net change of -1 holder.
- The largest VanEck Preferred Securities ex Financials ETF buyer in Q2 2023 was Bank of America, an estimated $10M added.
- The largest VanEck Preferred Securities ex Financials ETF seller in Q2 2023 was Moran Wealth Management, an estimated $5.14M sold.
Based on aggregated 13F filings for Q2 2023.