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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
XF
76
XML Financial
Maryland
$359K -$20K -1,071 -5%
CBA
77
Coastal Bridge Advisors
Connecticut
$358K +$360K +19,214 New
JCM
78
Jacobi Capital Management
Pennsylvania
$326K -$51.4K -2,748 -14%
BPAMU
79
BTG Pactual Asset Management US
New York
$313K – – –
WC
80
Whitney & Co
New York
$307K +$46.8K +2,500 +18%
JP Morgan Chase
81
JP Morgan Chase
New York
$284K -$480K -25,632 -63%
EFG
82
Ehrlich Financial Group
California
$278K +$24.3K +1,296 +9%
SPF
83
South Plains Financial
Texas
$215K +$217K +11,578 New
GW
84
Griffith & Werner
Georgia
$204K +$205K +10,940 New
BAM
85
Belpointe Asset Management
Nevada
$203K +$3.57K +191 +2%
Carson Wealth (CWM LLC)
86
Carson Wealth (CWM LLC)
Nebraska
$192K +$2.99K +160 +2%
WP
87
WealthShield Partners
North Carolina
$191K +$393 +21 +0.2%
FCP
88
Fidelis Capital Partners
Florida
$189K +$2.08K +111 +1%
BOJHT
89
Bank of Jackson Hole Trust
Wyoming
$188K +$189K +10,100 New
PWA
90
Provenance Wealth Advisors
Florida
$182K – – –
IA
91
IFP Advisors
Florida
$176K +$148K +7,894 +497%
SFGP
92
Stonebridge Financial Group (Pennsylvania)
Pennsylvania
$154K +$155K +8,276 New
CFS
93
Compass Financial Services
Iowa
$118K +$119K +6,348 New
HIA
94
Harbor Investment Advisory
Maryland
$93K – – –
PTC
95
Private Trust Company
Ohio
$78.4K -$61.7K -3,296 -44%
PB
96
Pinnacle Bancorp
Nebraska
$76.7K – – –
CIBC Private Wealth Group
97
CIBC Private Wealth Group
Georgia
$49.6K – – –
HNB
98
Huntington National Bank
Ohio
$44.7K – – –
US Bancorp
99
US Bancorp
Minnesota
$29.8K – – –
Northwestern Mutual Wealth Management
100
Northwestern Mutual Wealth Management
Wisconsin
$18.6K – – –
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.