Principal Spectrum Preferred Securities Active ETF
PREF
66 hedge funds and large institutions have $360M invested in Principal Spectrum Preferred Securities Active ETF in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 30 increasing their positions, 21 reducing their positions, and 10 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 21
22% more capital invested
Capital invested by funds: $295M → $360M (+$65.1M)
7.04% more ownership
Funds ownership: 66.1% → 73.15% (+7%)
7% less funds holding
Funds holding: 71 → 66 (-5)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| 1 |
UBS Group
Zurich,
Switzerland
|
+$75.4M |
| 2 |
Morgan Stanley
New York
|
+$7.78M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$7.31M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$6.8M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$5.5M |
Top Sellers
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$21.4M |
| 2 |
P
Pitcairn
Conshohocken,
Pennsylvania
|
-$6.87M |
| 3 |
Cerity Partners
New York
|
-$5.89M |
| 4 |
Jane Street
New York
|
-$4.69M |
| 5 |
IWA
IBEX Wealth Advisors
Bedminster,
New Jersey
|
-$2.33M |
PREF Hedge Fund Activity: Q1 2023 in Review
66 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q1 2023, worth a combined $360M — up 22% from $295M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PREF and 6 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 30 added.
The largest buyer was UBS Group, adding an estimated $75.4M. The largest seller was Bank of America, cutting an estimated $21.4M.
- 66 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q1 2023, down from 71 in Q4 2022.
- Funds reported $360M of Principal Spectrum Preferred Securities Active ETF stock for Q1 2023, up 22% quarter-over-quarter.
- 6 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q1 2023 and 10 closed out, a net change of -4 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q1 2023 was UBS Group, an estimated $75.4M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q1 2023 was Bank of America, an estimated $21.4M sold.
Based on aggregated 13F filings for Q1 2023.