Principal Spectrum Preferred Securities Active ETF
PREF
46 hedge funds and large institutions have $157M invested in Principal Spectrum Preferred Securities Active ETF in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 7 reducing their positions, and 1 closing their positions.
7,157% more capital inflows, than outflows
Capital inflows: $54.4M | Capital outflows: $749K
900% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 1
286% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 7
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
22.1% more ownership
Funds ownership: 41.59% → 63.7% (+22%)
21% more funds holding
Funds holding: 38 → 46 (+8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cornerstone Wealth Group
Huntersville,
North Carolina
|
+$23.4M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$5.36M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$4.64M |
| 4 |
Morgan Stanley
New York
|
+$3.01M |
| 5 |
Jane Street
New York
|
+$2.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nottingham Advisors
Amherst,
New York
|
-$479K |
| 2 |
Benjamin Edwards Inc
Clayton,
Missouri
|
-$78.8K |
| 3 |
Global Retirement Partners
San Rafael,
California
|
-$61.2K |
| 4 |
Golden State Wealth Management
Santa Ana,
California
|
-$54K |
| 5 |
Davenport & Co
Richmond,
Virginia
|
-$24.8K |
PREF Hedge Fund Activity: Q4 2020 in Review
46 of the 5,678 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q4 2020, worth a combined $157M — up 58% from $99.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PREF positions and 1 closed out — a net gain of 9 holders — while 27 added to existing stakes and 7 trimmed.
The largest buyer was Cornerstone Wealth Group, opening a new position worth an estimated $23.4M. The largest seller was Nottingham Advisors, cutting an estimated $479K.
- 46 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q4 2020, up from 38 in Q3 2020.
- Funds reported $157M of Principal Spectrum Preferred Securities Active ETF stock for Q4 2020, up 58% quarter-over-quarter.
- 10 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q4 2020 and 1 closed out, a net change of +9 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q4 2020 was Cornerstone Wealth Group, an estimated $23.4M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q4 2020 was Nottingham Advisors, an estimated $479K sold.
Based on aggregated 13F filings for Q4 2020.