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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
AWM
51
Activest Wealth Management
Florida
$1.03M +$7.37K +394 +0.7%
SAM
52
Smartleaf Asset Management
Massachusetts
$1.03M +$186K +9,930 +22%
KAS
53
Kestra Advisory Services
Texas
$1.02M +$340K +18,167 +50%
UB
54
UMB Bank
Missouri
$1.01M -$152K -8,124 -13%
FCFC
55
First Citizens Financial Corp
Iowa
$979K +$23.8K +1,270 +2%
Truist Financial
56
Truist Financial
North Carolina
$956K -$1.16M -61,937 -55%
FFP
57
FourThought Financial Partners
Florida
$906K +$9.15K +489 +1%
Jane Street
58
Jane Street
New York
$898K -$210K -11,240 -19%
ATC
59
Argent Trust Co
Tennessee
$750K -$208K -11,130 -22%
LWM
60
Laidlaw Wealth Management
New York
$747K +$19.7K +1,055 +3%
CPL
61
Capital & Planning LLC
Georgia
$741K +$745K +39,840 New
Bank of New York Mellon
62
Bank of New York Mellon
New York
$729K +$43.4K +2,319 +6%
USCWA
63
U.S. Capital Wealth Advisors
Texas
$720K +$724K +38,667 New
PFPT
64
Pinnacle Financial Partners (Tennessee)
Tennessee
$713K +$36K +1,925 +5%
SCM
65
Schnieders Capital Management
California
$682K – – –
WAP
66
Wealthcare Advisory Partners
Pennsylvania
$668K +$25.1K +1,341 +4%
CIAS
67
Capital Investment Advisory Services
North Carolina
$605K -$170K -9,080 -22%
MFC
68
Mechanics Financial Corp
Ohio
$525K +$12.8K +685 +2%
FFA
69
Farther Finance Advisors
California
$478K -$41.6K -2,224 -8%
HWMO
70
Heritage Wealth Management (Ohio)
Ohio
$471K +$473K +25,300 New
GRP
71
Global Retirement Partners
California
$469K -$336K -17,949 -42%
LA
72
LexAurum Advisors
Kansas
$446K +$128K +6,847 +40%
IAA
73
Independent Advisor Alliance
North Carolina
$434K +$437K +23,335 New
WA
74
Whipplewood Advisors
Colorado
$374K +$376K +20,112 New
Cambridge Investment Research Advisors
75
Cambridge Investment Research Advisors
Iowa
$372K -$15.6K -831 -4%
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.