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Principal Spectrum Preferred Securities Active ETF
PREF

92 hedge funds and large institutions have $732M invested in Principal Spectrum Preferred Securities Active ETF in 2024 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 24 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 24

20% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 10

3% more capital invested

Capital invested by funds: $709M → $732M (+$23.3M)

0% more funds holding

Funds holding: 92 → 92 (0)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2.93% less ownership

Funds ownership: 78.75% → 75.83% (-2.9%)

Holders
92
Holders Change
–
Holders Change %
0%
% of All Funds
1.32%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
12
Increased
47
Reduced
24
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$12.8M
2
Morgan Stanley
Morgan Stanley
New York
+$12.4M
3
BEI
Benjamin Edwards Inc
Missouri
+$12.2M
4
LPL Financial
LPL Financial
California
+$4.35M
5
UBS Group
UBS Group
Switzerland
+$3.78M

Top Sellers

Rank Fund Capital Flow
1
PCA
Pallas Capital Advisors
Massachusetts
-$20.3M
2
CWG
Cornerstone Wealth Group
North Carolina
-$12.8M
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$4.75M
4
PS
Principal Securities
Iowa
-$4.17M
5
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services
Minnesota
-$2.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
JWCA
26
J.W. Cole Advisors
Florida
$2.29M +$178K +9,626 +9%
MPWT
27
MassMutual Private Wealth & Trust
Connecticut
$2.13M +$185K +10,008 +10%
Truist Financial
28
Truist Financial
North Carolina
$2.13M -$1.17M -63,420 -36%
Principal Financial Group
29
Principal Financial Group
Iowa
$2.1M +$246K +13,338 +14%
MIA
30
MainStreet Investment Advisors
Illinois
$2.05M +$65.1K +3,527 +3%
DP
31
Dearborn Partners
Illinois
$2.03M +$35.2K +1,909 +2%
Stifel Financial
32
Stifel Financial
Missouri
$1.98M -$610K -33,026 -24%
Cerity Partners
33
Cerity Partners
New York
$1.96M -$51.2K -2,774 -3%
PAG
34
Private Advisor Group
New Jersey
$1.92M +$515K +27,914 +38%
Rockefeller Capital Management
35
Rockefeller Capital Management
New York
$1.77M +$58K +3,145 +3%
NA
36
NewEdge Advisors
Louisiana
$1.72M -$66.6K -3,608 -4%
MCWA
37
Meadow Creek Wealth Advisors
Georgia
$1.55M – – –
GJWM
38
Gilliland Jeter Wealth Management
Arkansas
$1.53M +$3.97K +215 +0.3%
DIM
39
Delta Investment Management
California
$1.44M +$285K +15,464 +25%
FA
40
Fiduciary Alliance
South Carolina
$1.42M +$1.39M +75,302 New
FA
41
Flagstar Advisors
New York
$1.29M +$298K +16,157 +31%
SA
42
Sanctuary Advisors
Indiana
$1.18M +$610K +33,052 +110%
UB
43
UMB Bank
Missouri
$1.17M – – –
BCI
44
Brinker Capital Investments
Pennsylvania
$1.15M -$142K -7,715 -11%
OPS
45
Orion Portfolio Solutions
Nebraska
$1.15M -$142K -7,715 -11%
RJT
46
Raymond James Trust
Florida
$1.12M – – –
Jane Street
47
Jane Street
New York
$1.12M -$1.12M -60,882 -51%
Osaic Holdings
48
Osaic Holdings
Arizona
$1.11M +$520K +28,171 +91%
Comerica Bank
49
Comerica Bank
Texas
$1.04M -$297K -16,118 -23%
AWM
50
Activest Wealth Management
Florida
$1.04M +$2.1K +114 +0.2%
1
2
3 4 5

PREF Hedge Fund Activity: Q3 2024 in Review

92 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q3 2024, worth a combined $732M — up 3.3% from $709M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PREF positions and 10 closed out — a net gain of 2 holders — while 47 added to existing stakes and 24 trimmed.

The largest buyer was Bank of America, adding an estimated $12.8M. The largest seller was Pallas Capital Advisors, cutting an estimated $20.3M.

  • 92 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q3 2024, unchanged from Q2 2024.
  • Funds reported $732M of Principal Spectrum Preferred Securities Active ETF stock for Q3 2024, up 3.3% quarter-over-quarter.
  • 12 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q3 2024 and 10 closed out, a net change of +2 holders.
  • The largest Principal Spectrum Preferred Securities Active ETF buyer in Q3 2024 was Bank of America, an estimated $12.8M added.
  • The largest Principal Spectrum Preferred Securities Active ETF seller in Q3 2024 was Pallas Capital Advisors, an estimated $20.3M sold.

Based on aggregated 13F filings for Q3 2024.