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Principal Spectrum Preferred Securities Active ETF

66 hedge funds and large institutions have $360M invested in Principal Spectrum Preferred Securities Active ETF in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 30 increasing their positions, 21 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 21

22% more capital invested

Capital invested by funds: $295M → $360M (+$65.1M)

7.04% more ownership

Funds ownership: 66.1%73.15% (+7%)

7% less funds holding

Funds holding: 7166 (-5)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
66
Holders Change
-5
Holders Change %
-7.04%
% of All Funds
1.05%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
6
Increased
30
Reduced
21
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AWM
26
Activest Wealth Management
Florida
$1.98M +$1.21M +69,196 +145%
FIA
27
Foundations Investment Advisors
Arizona
$1.95M +$143K +8,201 +8%
BEI
28
Benjamin Edwards Inc
Missouri
$1.64M +$32.7K +1,877 +2%
SRC
29
Sage Rhino Capital
California
$1.61M +$72.7K +4,172 +5%
NA
30
NewEdge Advisors
Louisiana
$1.56M +$122K +6,977 +8%
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$1.47M +$73.2K +4,199 +5%
OMC
32
Old Mission Capital
Illinois
$1.38M +$1.42M +81,407 New
ARG
33
Advisory Resource Group
Oklahoma
$1.38M +$29.2K +1,675 +2%
MIA
34
MainStreet Investment Advisors
Illinois
$1.35M -$556K -31,905 -29%
PAG
35
Private Advisor Group
New Jersey
$1.32M +$20.6K +1,183 +2%
P
36
Pitcairn
Pennsylvania
$1.19M -$6.87M -394,118 -85%
UB
37
UMB Bank
Missouri
$1.16M -$116K -6,667 -9%
USAA
38
United Services Automobile Association
Texas
$1.06M -$201K -11,562 -16%
RIA
39
Realta Investment Advisors
Delaware
$1.02M -$66.9K -3,837 -6%
JWCA
40
J.W. Cole Advisors
Florida
$797K +$87.3K +5,010 +12%
Principal Financial Group
41
Principal Financial Group
Iowa
$766K +$546K +31,349 +228%
PFPT
42
Pinnacle Financial Partners (Tennessee)
Tennessee
$644K +$96.8K +5,558 +17%
JCM
43
Jacobi Capital Management
Pennsylvania
$502K +$5.61K +322 +1%
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$498K -$177K -10,146 -26%
MFC
45
Mechanics Financial Corp
Ohio
$390K +$2.65K +152 +0.7%
SA
46
Sunesis Advisors
Kansas
$358K +$367K +21,043 New
CIAS
47
Capital Investment Advisory Services
North Carolina
$340K -$70.5K -4,048 -17%
XF
48
XML Financial
Maryland
$322K +$3.94K +226 +1%
GRP
49
Global Retirement Partners
California
$315K +$329K +18,868 New
FTUS
50
Flow Traders U.S.
New York
$287K +$294K +16,889 New

PREF Hedge Fund Activity: Q1 2023 in Review

66 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q1 2023, worth a combined $360M — up 22% from $295M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of PREF and 6 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 30 added.

The largest buyer was UBS Group, adding an estimated $75.4M. The largest seller was Bank of America, cutting an estimated $21.4M.

  • 66 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q1 2023, down from 71 in Q4 2022.
  • Funds reported $360M of Principal Spectrum Preferred Securities Active ETF stock for Q1 2023, up 22% quarter-over-quarter.
  • 6 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q1 2023 and 10 closed out, a net change of -4 holders.
  • The largest Principal Spectrum Preferred Securities Active ETF buyer in Q1 2023 was UBS Group, an estimated $75.4M added.
  • The largest Principal Spectrum Preferred Securities Active ETF seller in Q1 2023 was Bank of America, an estimated $21.4M sold.

Based on aggregated 13F filings for Q1 2023.