Principal Spectrum Preferred Securities Active ETF
PREF
83 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 5 funds opening new positions, 41 increasing their positions, 29 reducing their positions, and 10 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 29
4% less capital invested
Capital invested by funds: $690M → $662M (-$28M)
6% less funds holding
Funds holding: 88 → 83 (-5)
11.69% less ownership
Funds ownership: 89.31% → 77.62% (-12%)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$52.7M |
| 2 |
BFG
Berger Financial Group
Plymouth,
Minnesota
|
-$19.9M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$9.46M |
| 4 |
NA
Nottingham Advisors
Amherst,
New York
|
-$1.97M |
| 5 |
CB
Community Bank
Dewitt,
New York
|
-$1.96M |
PREF Hedge Fund Activity: Q1 2024 in Review
83 of the 6,942 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 — down 4.1% from $690M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PREF and 5 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 41 added.
The largest buyer was Bank of America, adding an estimated $18.6M. The largest seller was Morgan Stanley, cutting an estimated $52.7M.
- 83 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, down 4.1% quarter-over-quarter.
- 5 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q1 2024 and 10 closed out, a net change of -5 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 Morgan Stanley, an estimated $52.7M sold.
Based on aggregated 13F filings for Q1 2024.