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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
KAS
51
Kestra Advisory Services
Texas
$271K -$11.6K -666 -4%
MPWT
52
MassMutual Private Wealth & Trust
Connecticut
$267K -$386K -22,163 -58%
WC
53
Whitney & Co
New York
$248K
Jane Street
54
Jane Street
New York
$236K -$4.69M -269,106 -95%
DC
55
Davenport & Co
Virginia
$214K -$37K -2,125 -14%
RJT
56
Raymond James Trust
Florida
$197K
Carson Wealth (CWM LLC)
57
Carson Wealth (CWM LLC)
Nebraska
$161K
First Manhattan
58
First Manhattan
New York
$102K -$105K -6,000 -50%
PTC
59
Private Trust Company
Ohio
$56K
PNC Financial Services Group
60
PNC Financial Services Group
Pennsylvania
$33.4K -$21.8K -1,250 -39%
IWP
61
IAG Wealth Partners
Wisconsin
$21.1K
M
62
MOTCO
Texas
$19.2K
BAM
63
Belpointe Asset Management
Nevada
$13.1K
SPIA
64
Steward Partners Investment Advisory
New York
$7.65K +$7.84K +450 New
Commonwealth Equity Services
65
Commonwealth Equity Services
Massachusetts
$5.02K +$396K +22,724 +8%
Fidelity Investments
66
Fidelity Investments
Massachusetts
$17 +$17 +1 New
IWA
67
IBEX Wealth Advisors
New Jersey
-$2.33M -136,274 Closed
FT
68
Fiduciary Trust
Massachusetts
-$1.74M -101,651 Closed
AWS
69
AJ Wealth Strategies
New York
-$1.68M -98,140 Closed
Citadel Advisors
70
Citadel Advisors
Florida
-$497K -29,039 Closed
Creative Planning
71
Creative Planning
Kansas
-$350K -20,446 Closed
EH
72
Equitable Holdings
New York
-$259K -15,142 Closed
Rockefeller Capital Management
73
Rockefeller Capital Management
New York
-$113K -6,623 Closed
FGAM
74
Financial Gravity Asset Management
Texas
-$356 -17 Closed
IA
75
IFP Advisors
Florida
-$1K -15 Closed

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.