Principal Spectrum Preferred Securities Active ETF
PREF
72 hedge funds and large institutions have $474M invested in Principal Spectrum Preferred Securities Active ETF in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 24 increasing their positions, 25 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
13% more capital invested
Capital invested by funds: $421M → $474M (+$53.3M)
13% more funds holding
Funds holding: 64 → 72 (+8)
6.27% more ownership
Funds ownership: 73.2% → 79.47% (+6.3%)
4% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCA
Pallas Capital Advisors
Braintree,
Massachusetts
|
+$17.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$13.1M |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$13M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$5M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$4.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.49M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$3.14M |
| 3 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
-$3.14M |
| 4 |
Morgan Stanley
New York
|
-$2.03M |
| 5 |
ARG
Advisory Resource Group
Tulsa,
Oklahoma
|
-$1.35M |
PREF Hedge Fund Activity: Q3 2023 in Review
72 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q3 2023, worth a combined $474M — up 13% from $421M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PREF positions and 6 closed out — a net gain of 8 holders — while 24 added to existing stakes and 25 trimmed.
The largest buyer was Pallas Capital Advisors, opening a new position worth an estimated $17.4M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $4.49M.
- 72 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q3 2023, up from 64 in Q2 2023.
- Funds reported $474M of Principal Spectrum Preferred Securities Active ETF stock for Q3 2023, up 13% quarter-over-quarter.
- 14 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q3 2023 and 6 closed out, a net change of +8 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q3 2023 was Pallas Capital Advisors, an estimated $17.4M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q3 2023 was Raymond James Financial Services Advisors, an estimated $4.49M sold.
Based on aggregated 13F filings for Q3 2023.