Principal Spectrum Preferred Securities Active ETF
PREF
64 hedge funds and large institutions have $205M invested in Principal Spectrum Preferred Securities Active ETF in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 29 increasing their positions, 23 reducing their positions, and 7 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 23
5.54% less ownership
Funds ownership: 67.02% → 61.49% (-5.5%)
6% less funds holding
Funds holding: 68 → 64 (-4)
11% less capital invested
Capital invested by funds: $232M → $205M (-$26.6M)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.62M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.25M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.78M |
| 4 |
Morgan Stanley
New York
|
+$1.51M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$28.1M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.59M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$1.02M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.01M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$604K |
PREF Hedge Fund Activity: Q3 2022 in Review
64 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q3 2022, worth a combined $205M — down 11% from $232M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PREF and 3 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 29 added.
The largest buyer was Bank of America, adding an estimated $3.62M. The largest seller was Jane Street, exiting entirely with an estimated $28.1M sold.
- 64 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q3 2022, down from 68 in Q2 2022.
- Funds reported $205M of Principal Spectrum Preferred Securities Active ETF stock for Q3 2022, down 11% quarter-over-quarter.
- 3 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q3 2022 and 7 closed out, a net change of -4 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q3 2022 was Bank of America, an estimated $3.62M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q3 2022 was Jane Street, an estimated $28.1M sold.
Based on aggregated 13F filings for Q3 2022.