Principal Spectrum Preferred Securities Active ETF
PREF
64 hedge funds and large institutions have $421M invested in Principal Spectrum Preferred Securities Active ETF in 2023 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 22 increasing their positions, 26 reducing their positions, and 12 closing their positions.
17% more capital invested
Capital invested by funds: $360M → $421M (+$60.9M)
0.05% more ownership
Funds ownership: 73.15% → 73.2% (+0.05%)
8% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 12
3% less funds holding
Funds holding: 66 → 64 (-2)
15% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 26
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$33.7M |
| 2 |
Morgan Stanley
New York
|
+$12.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$7.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$6.67M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
+$2.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GA
Goldstein Advisors
Madison,
Wisconsin
|
-$7.2M |
| 2 |
AWM
Activest Wealth Management
Aventure,
Florida
|
-$1.98M |
| 3 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
-$1.95M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$1.47M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Fidelity Investments
Boston,
Massachusetts
| – | -$17 | -1 | Closed |
|
PREF Hedge Fund Activity: Q2 2023 in Review
64 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q2 2023, worth a combined $421M — up 17% from $360M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PREF and 11 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 22 added.
The largest buyer was Wells Fargo, adding an estimated $33.7M. The largest seller was Goldstein Advisors, exiting entirely with an estimated $7.2M sold.
- 64 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q2 2023, down from 66 in Q1 2023.
- Funds reported $421M of Principal Spectrum Preferred Securities Active ETF stock for Q2 2023, up 17% quarter-over-quarter.
- 11 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q2 2023 and 12 closed out, a net change of -1 holder.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q2 2023 was Wells Fargo, an estimated $33.7M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q2 2023 was Goldstein Advisors, an estimated $7.2M sold.
Based on aggregated 13F filings for Q2 2023.