Principal Spectrum Preferred Securities Active ETF
PREF
92 hedge funds and large institutions have $732M invested in Principal Spectrum Preferred Securities Active ETF in 2024 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 24 reducing their positions, and 10 closing their positions.
96% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 24
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
3% more capital invested
Capital invested by funds: $709M → $732M (+$23.3M)
0% more funds holding
Funds holding: 92 → 92 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.93% less ownership
Funds ownership: 78.75% → 75.83% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$12.8M |
| 2 |
Morgan Stanley
New York
|
+$12.4M |
| 3 |
BEI
Benjamin Edwards Inc
Clayton,
Missouri
|
+$12.2M |
| 4 |
LPL Financial
San Diego,
California
|
+$4.35M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$3.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCA
Pallas Capital Advisors
Braintree,
Massachusetts
|
-$20.3M |
| 2 |
CWG
Cornerstone Wealth Group
Huntersville,
North Carolina
|
-$12.8M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$4.75M |
| 4 |
PS
Principal Securities
Des Moines,
Iowa
|
-$4.17M |
| 5 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$2.75M |
PREF Hedge Fund Activity: Q3 2024 in Review
92 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q3 2024, worth a combined $732M — up 3.3% from $709M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PREF positions and 10 closed out — a net gain of 2 holders — while 47 added to existing stakes and 24 trimmed.
The largest buyer was Bank of America, adding an estimated $12.8M. The largest seller was Pallas Capital Advisors, cutting an estimated $20.3M.
- 92 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q3 2024, unchanged from Q2 2024.
- Funds reported $732M of Principal Spectrum Preferred Securities Active ETF stock for Q3 2024, up 3.3% quarter-over-quarter.
- 12 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q3 2024 and 10 closed out, a net change of +2 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q3 2024 was Bank of America, an estimated $12.8M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q3 2024 was Pallas Capital Advisors, an estimated $20.3M sold.
Based on aggregated 13F filings for Q3 2024.