Principal Spectrum Preferred Securities Active ETF
PREF
82 hedge funds and large institutions have $662M invested in Principal Spectrum Preferred Securities Active ETF in 2024 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 42 increasing their positions, 28 reducing their positions, and 10 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 28
6% more capital invested
Capital invested by funds: $627M → $662M (+$35.2M)
3.51% less ownership
Funds ownership: 81.13% → 77.62% (-3.5%)
7% less funds holding
Funds holding: 88 → 82 (-6)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$18.6M |
| 2 |
Morgan Stanley
New York
|
+$11.6M |
| 3 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$4.9M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$3.79M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$2.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFG
Berger Financial Group
Plymouth,
Minnesota
|
-$19.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$9.46M |
| 3 |
NA
Nottingham Advisors
Amherst,
New York
|
-$1.97M |
| 4 |
CB
Community Bank
Dewitt,
New York
|
-$1.96M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.63M |
PREF Hedge Fund Activity: Q1 2024 in Review
82 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q1 2024, worth a combined $662M — up 5.6% from $627M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PREF and 4 opened new positions — a net loss of 6 holders — while 28 trimmed existing stakes and 42 added.
The largest buyer was Bank of America, adding an estimated $18.6M. The largest seller was Berger Financial Group, cutting an estimated $19.9M.
- 82 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q1 2024, down from 88 in Q4 2023.
- Funds reported $662M of Principal Spectrum Preferred Securities Active ETF stock for Q1 2024, up 5.6% quarter-over-quarter.
- 4 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q1 2024 and 10 closed out, a net change of -6 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q1 2024 was Bank of America, an estimated $18.6M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q1 2024 was Berger Financial Group, an estimated $19.9M sold.
Based on aggregated 13F filings for Q1 2024.