Principal Spectrum Preferred Securities Active ETF
PREF
123 hedge funds and large institutions have $951M invested in Principal Spectrum Preferred Securities Active ETF in 2025 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 48 increasing their positions, 39 reducing their positions, and 10 closing their positions.
130% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 10
23% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 39
8% more funds holding
Funds holding: 114 → 123 (+9)
6% more capital invested
Capital invested by funds: $894M → $951M (+$57M)
0.39% less ownership
Funds ownership: 77.65% → 77.26% (-0.39%)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$18.5M |
| 2 |
LPL Financial
San Diego,
California
|
+$12.7M |
| 3 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$4.52M |
| 4 |
KW
KWB Wealth
Redlands,
California
|
+$3.9M |
| 5 |
PS
Principal Securities
Des Moines,
Iowa
|
+$3.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
-$6.17M |
| 2 |
PA
PSI Advisors
Tampa,
Florida
|
-$4.75M |
| 3 |
TWP
Tyche Wealth Partners
Plano,
Texas
|
-$3.66M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.31M |
| 5 |
Jane Street
New York
|
-$2.13M |
PREF Hedge Fund Activity: Q2 2025 in Review
123 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q2 2025, worth a combined $951M — up 6.4% from $894M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new PREF positions and 10 closed out — a net gain of 13 holders — while 48 added to existing stakes and 39 trimmed.
The largest buyer was Bank of America, adding an estimated $18.5M. The largest seller was Raymond James Financial, cutting an estimated $6.17M.
- 123 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q2 2025, up from 114 in Q1 2025.
- Funds reported $951M of Principal Spectrum Preferred Securities Active ETF stock for Q2 2025, up 6.4% quarter-over-quarter.
- 23 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q2 2025 and 10 closed out, a net change of +13 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q2 2025 was Bank of America, an estimated $18.5M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q2 2025 was Raymond James Financial, an estimated $6.17M sold.
Based on aggregated 13F filings for Q2 2025.