VanEck Preferred Securities ex Financials ETF
PFXF
146 hedge funds and large institutions have $263M invested in VanEck Preferred Securities ex Financials ETF in 2023 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 50 increasing their positions, 44 reducing their positions, and 16 closing their positions.
825% more call options, than puts
Call options by funds: $37K | Put options by funds: $4K
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
50% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 16
36% more capital invested
Capital invested by funds: $193M → $263M (+$69.8M)
14% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 44
5% more ownership
Funds ownership: 21.27% → 26.28% (+5%)
4% more funds holding
Funds holding: 140 → 146 (+6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$6.9M |
| 2 |
MWM
Moran Wealth Management
Naples,
Florida
|
+$5.18M |
| 3 |
Morgan Stanley
New York
|
+$4.91M |
| 4 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$3.78M |
| 5 |
PA
Procyon Advisors
Shelton,
Connecticut
|
+$2.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBB
Citizens Business Bank
Ontario,
California
|
-$3.39M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
-$855K |
| 3 |
WAM
Wakefield Asset Management
Englewood,
Colorado
|
-$602K |
| 4 |
1IA
1834 Investment Advisors
Milwaukee,
Wisconsin
|
-$589K |
| 5 |
TAM
Tocqueville Asset Management
New York
|
-$526K |
PFXF Hedge Fund Activity: Q1 2023 in Review
146 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in VanEck Preferred Securities ex Financials ETF (PFXF) for Q1 2023, worth a combined $263M — up 36% from $193M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new PFXF positions and 16 closed out — a net gain of 8 holders — while 50 added to existing stakes and 44 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $6.9M. The largest seller was Citizens Business Bank, exiting entirely with an estimated $3.39M sold.
- 146 institutional investors held VanEck Preferred Securities ex Financials ETF (PFXF) as of Q1 2023, up from 140 in Q4 2022.
- Funds reported $263M of VanEck Preferred Securities ex Financials ETF stock for Q1 2023, up 36% quarter-over-quarter.
- 24 funds opened new VanEck Preferred Securities ex Financials ETF positions in Q1 2023 and 16 closed out, a net change of +8 holders.
- The largest VanEck Preferred Securities ex Financials ETF buyer in Q1 2023 was Raymond James Financial Services Advisors, an estimated $6.9M added.
- The largest VanEck Preferred Securities ex Financials ETF seller in Q1 2023 was Citizens Business Bank, an estimated $3.39M sold.
Based on aggregated 13F filings for Q1 2023.