Principal Spectrum Preferred Securities Active ETF
PREF
71 hedge funds and large institutions have $241M invested in Principal Spectrum Preferred Securities Active ETF in 2022 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 26 reducing their positions, and 9 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 26
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
1% less funds holding
Funds holding: 72 → 71 (-1)
2.85% less ownership
Funds ownership: 65.59% → 62.73% (-2.9%)
19% less capital invested
Capital invested by funds: $297M → $241M (-$55.5M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$9.17M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$6.89M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
+$3.24M |
| 4 |
Bank of New York Mellon
New York
|
+$1.38M |
| 5 |
CCM
Covington Capital Management
Los Angeles,
California
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWG
Cornerstone Wealth Group
Huntersville,
North Carolina
|
-$20.7M |
| 2 |
Jane Street
New York
|
-$7.41M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$7.02M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$6.42M |
| 5 |
AWM
Activest Wealth Management
Aventure,
Florida
|
-$4.34M |
PREF Hedge Fund Activity: Q1 2022 in Review
71 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q1 2022, worth a combined $241M — down 19% from $297M a quarter earlier.
Fund positioning in PREF was balanced in Q1 2022: 9 funds opened new positions, 9 closed out, 28 added to existing stakes and 26 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $9.17M. The largest seller was Cornerstone Wealth Group, exiting entirely with an estimated $20.7M sold.
- 71 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q1 2022, down from 72 in Q4 2021.
- Funds reported $241M of Principal Spectrum Preferred Securities Active ETF stock for Q1 2022, down 19% quarter-over-quarter.
- 9 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q1 2022 and 9 closed out, a net change of 0 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q1 2022 was Citadel Advisors, an estimated $9.17M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q1 2022 was Cornerstone Wealth Group, an estimated $20.7M sold.
Based on aggregated 13F filings for Q1 2022.