VanEck Preferred Securities ex Financials ETF
PFXF
190 hedge funds and large institutions have $523M invested in VanEck Preferred Securities ex Financials ETF in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 82 increasing their positions, 45 reducing their positions, and 19 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 45
42% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 19
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
11% more capital invested
Capital invested by funds: $470M → $523M (+$52.8M)
4% more funds holding
Funds holding: 183 → 190 (+7)
0.84% more ownership
Funds ownership: 26.19% → 27.03% (+0.84%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$19.6M |
| 2 |
LPL Financial
San Diego,
California
|
+$5.9M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$3.38M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$3.36M |
| 5 |
William Blair & Company
Chicago,
Illinois
|
+$3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LAM
L2 Asset Management
Wayland,
Massachusetts
|
-$4.57M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.36M |
| 3 |
CCP
Carmel Capital Partners
San Diego,
California
|
-$3.78M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$2.46M |
| 5 |
QC
Quadrature Capital
London,
United Kingdom
|
-$2.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OCM
201
Orleans Capital Management
Mandeville,
Louisiana
| – | -$218K | -12,750 | Closed |
|
|
AAP
202
Arax Advisory Partners
Denver,
Colorado
| – | -$63.5K | -3,706 | Closed |
|
203
Simplex Trading
Chicago,
Illinois
| – | -$27K | -1,597 | Closed |
|
|
MAWAG
204
Mid-American Wealth Advisory Group
Kansas City,
Missouri
| – | -$13.2K | -769 | Closed |
|
205
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$7.88K | -460 | Closed |
|
|
HR
206
Howe & Rusling
Rochester,
New York
| – | -$6.73K | -393 | Closed |
|
|
RFS
207
Richardson Financial Services
Medway,
Massachusetts
| – | -$5.56K | -325 | Closed |
|
|
BCMLT
208
Beacon Capital Management LLC (Tennessee)
Franklin,
Tennessee
| – | -$2K | -117 | Closed |
|
PFXF Hedge Fund Activity: Q3 2025 in Review
190 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in VanEck Preferred Securities ex Financials ETF (PFXF) for Q3 2025, worth a combined $523M — up 11% from $470M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new PFXF positions and 19 closed out — a net gain of 8 holders — while 82 added to existing stakes and 45 trimmed.
The largest buyer was Bank of America, adding an estimated $19.6M. The largest seller was L2 Asset Management, exiting entirely with an estimated $4.57M sold.
- 190 institutional investors held VanEck Preferred Securities ex Financials ETF (PFXF) as of Q3 2025, up from 183 in Q2 2025.
- Funds reported $523M of VanEck Preferred Securities ex Financials ETF stock for Q3 2025, up 11% quarter-over-quarter.
- 27 funds opened new VanEck Preferred Securities ex Financials ETF positions in Q3 2025 and 19 closed out, a net change of +8 holders.
- The largest VanEck Preferred Securities ex Financials ETF buyer in Q3 2025 was Bank of America, an estimated $19.6M added.
- The largest VanEck Preferred Securities ex Financials ETF seller in Q3 2025 was L2 Asset Management, an estimated $4.57M sold.
Based on aggregated 13F filings for Q3 2025.