Principal Spectrum Preferred Securities Active ETF
PREF
88 hedge funds and large institutions have $690M invested in Principal Spectrum Preferred Securities Active ETF in 2023 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 41 increasing their positions, 19 reducing their positions, and 4 closing their positions.
400% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 4
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
116% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 19
46% more capital invested
Capital invested by funds: $474M → $690M (+$216M)
22% more funds holding
Funds holding: 72 → 88 (+16)
9.84% more ownership
Funds ownership: 79.47% → 89.31% (+9.8%)
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$71M |
| 2 |
BFG
Berger Financial Group
Plymouth,
Minnesota
|
+$23.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$19M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$14.6M |
| 5 |
CWG
Cornerstone Wealth Group
Huntersville,
North Carolina
|
+$11.3M |
Top Sellers
| 1 |
Bank of New York Mellon
New York
|
-$9.42M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$6.28M |
| 3 |
Jane Street
New York
|
-$2.39M |
| 4 |
RL
Rogco LP
Claremore,
Oklahoma
|
-$1.27M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$979K |
PREF Hedge Fund Activity: Q4 2023 in Review
88 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q4 2023, worth a combined $690M — up 46% from $474M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PREF positions and 4 closed out — a net gain of 16 holders — while 41 added to existing stakes and 19 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $71M. The largest seller was Bank of New York Mellon, cutting an estimated $9.42M.
- 88 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q4 2023, up from 72 in Q3 2023.
- Funds reported $690M of Principal Spectrum Preferred Securities Active ETF stock for Q4 2023, up 46% quarter-over-quarter.
- 20 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q4 2023 and 4 closed out, a net change of +16 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q4 2023 was Morgan Stanley, an estimated $71M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q4 2023 was Bank of New York Mellon, an estimated $9.42M sold.
Based on aggregated 13F filings for Q4 2023.