Principal Spectrum Preferred Securities Active ETF
PREF
69 hedge funds and large institutions have $232M invested in Principal Spectrum Preferred Securities Active ETF in 2022 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 30 reducing their positions, and 12 closing their positions.
4.29% more ownership
Funds ownership: 62.73% → 67.02% (+4.3%)
4% less capital invested
Capital invested by funds: $241M → $232M (-$9.24M)
3% less funds holding
Funds holding: 71 → 69 (-2)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
27% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 30
Top Buyers
| 1 |
Jane Street
New York
|
+$28.4M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.7M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.18M |
| 4 |
Bank of New York Mellon
New York
|
+$1.25M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$1.1M |
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$8.84M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$6.85M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$4.89M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
-$2.23M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.82M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
76
Steward Partners Investment Advisory
New York
| – | -$47K | -2,458 | Closed |
|
|
CA
77
Clearstead Advisors
Cleveland,
Ohio
| – | -$46K | -2,429 | Closed |
|
|
PFS
78
Prospera Financial Services
Dallas,
Texas
| – | -$28K | -1,450 | Closed |
|
79
US Bancorp
Minneapolis,
Minnesota
| – | -$17K | -915 | Closed |
|
|
GWM
80
Geneos Wealth Management
Englewood,
Colorado
| – | -$5K | -276 | Closed |
|
PREF Hedge Fund Activity: Q2 2022 in Review
69 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q2 2022, worth a combined $232M — down 3.8% from $241M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PREF and 10 opened new positions — a net loss of 2 holders — while 30 trimmed existing stakes and 22 added.
The largest buyer was Jane Street, adding an estimated $28.4M. The largest seller was Morgan Stanley, cutting an estimated $8.84M.
- 69 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q2 2022, down from 71 in Q1 2022.
- Funds reported $232M of Principal Spectrum Preferred Securities Active ETF stock for Q2 2022, down 3.8% quarter-over-quarter.
- 10 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q2 2022 and 12 closed out, a net change of -2 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q2 2022 was Jane Street, an estimated $28.4M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q2 2022 was Morgan Stanley, an estimated $8.84M sold.
Based on aggregated 13F filings for Q2 2022.