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Principal Spectrum Preferred Securities Active ETF
PREF

104 hedge funds and large institutions have $816M invested in Principal Spectrum Preferred Securities Active ETF in 2024 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 50 increasing their positions, 24 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

375% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 4

108% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 24

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

13% more funds holding

Funds holding: 92 → 104 (+12)

11% more capital invested

Capital invested by funds: $732M → $816M (+$83.4M)

1.21% more ownership

Funds ownership: 75.83% → 77.04% (+1.2%)

Holders
104
Holders Change
+12
Holders Change %
+13.04%
% of All Funds
1.37%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
19
Increased
50
Reduced
24
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$22.3M
2
Bank of America
Bank of America
North Carolina
+$16.9M
3
Morgan Stanley
Morgan Stanley
New York
+$15M
4
B
Bensler
Washington
+$8.16M
5
PAG
Private Advisor Group
New Jersey
+$4.6M

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$36M
2
PCA
Pallas Capital Advisors
Massachusetts
-$5.26M
3
Truist Financial
Truist Financial
North Carolina
-$1.16M
4
SRC
Sage Rhino Capital
California
-$867K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$701K
Name Holding Trade Value Shares
Change 		Change in
Stake
MPWT
26
MassMutual Private Wealth & Trust
Connecticut
$2.62M +$515K +27,508 +24%
NA
27
NewEdge Advisors
Louisiana
$2.59M +$892K +47,674 +52%
IP
28
Investment Partners
Ohio
$2.55M – – –
LB
29
Legacy Bridge
Iowa
$2.47M +$6.55K +350 +0.3%
JWCA
30
J.W. Cole Advisors
Florida
$2.37M +$105K +5,635 +5%
WJA
31
Willis Johnson & Associates
Texas
$2.16M -$150K -8,035 -6%
Cerity Partners
32
Cerity Partners
New York
$2.03M +$88K +4,705 +5%
DP
33
Dearborn Partners
Illinois
$2.01M +$4.7K +251 +0.2%
MCWA
34
Meadow Creek Wealth Advisors
Georgia
$1.97M +$439K +23,456 +28%
IWA
35
IBEX Wealth Advisors
New Jersey
$1.86M +$1.87M +100,136 New
Stifel Financial
36
Stifel Financial
Missouri
$1.82M -$140K -7,460 -7%
Rockefeller Capital Management
37
Rockefeller Capital Management
New York
$1.78M +$27K +1,444 +2%
P
38
&Partners
Tennessee
$1.74M +$866K +46,276 +99%
Mirae Asset Global Investments
39
Mirae Asset Global Investments
South Korea
$1.65M +$1.66M +88,500 New
FA
40
Fiduciary Alliance
South Carolina
$1.6M +$197K +10,541 +14%
GJWM
41
Gilliland Jeter Wealth Management
Arkansas
$1.47M -$36.7K -1,960 -2%
DIM
42
Delta Investment Management
California
$1.47M +$47.9K +2,559 +3%
Comerica Bank
43
Comerica Bank
Texas
$1.4M +$373K +19,909 +36%
FA
44
Flagstar Advisors
New York
$1.33M +$58K +3,101 +5%
BCI
45
Brinker Capital Investments
Pennsylvania
$1.27M +$130K +6,944 +11%
OPS
46
Orion Portfolio Solutions
Nebraska
$1.27M +$130K +6,944 +11%
GWM
47
GSB Wealth Management
Connecticut
$1.22M +$1.23M +65,795 New
Osaic Holdings
48
Osaic Holdings
Arizona
$1.16M +$64.5K +3,447 +6%
PCA
49
Pallas Capital Advisors
Massachusetts
$1.15M -$5.26M -281,261 -82%
SA
50
Sanctuary Advisors
Indiana
$1.15M -$35.6K -1,901 -3%
1
2
3 4 5

PREF Hedge Fund Activity: Q4 2024 in Review

104 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q4 2024, worth a combined $816M — up 11% from $732M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new PREF positions and 4 closed out — a net gain of 15 holders — while 50 added to existing stakes and 24 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $22.3M. The largest seller was Wells Fargo, cutting an estimated $36M.

  • 104 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q4 2024, up from 92 in Q3 2024.
  • Funds reported $816M of Principal Spectrum Preferred Securities Active ETF stock for Q4 2024, up 11% quarter-over-quarter.
  • 19 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q4 2024 and 4 closed out, a net change of +15 holders.
  • The largest Principal Spectrum Preferred Securities Active ETF buyer in Q4 2024 was Royal Bank of Canada, an estimated $22.3M added.
  • The largest Principal Spectrum Preferred Securities Active ETF seller in Q4 2024 was Wells Fargo, an estimated $36M sold.

Based on aggregated 13F filings for Q4 2024.