Principal Spectrum Preferred Securities Active ETF
PREF
133 hedge funds and large institutions have $1.1B invested in Principal Spectrum Preferred Securities Active ETF in 2025 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 59 increasing their positions, 36 reducing their positions, and 12 closing their positions.
92% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 12
64% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 36
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
7% more capital invested
Capital invested by funds: $1.03B → $1.1B (+$68.3M)
6% more funds holding
Funds holding: 125 → 133 (+8)
0.35% less ownership
Funds ownership: 78.59% → 78.24% (-0.35%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$13.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$9.5M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$6.86M |
| 4 |
LPL Financial
San Diego,
California
|
+$5.89M |
| 5 |
Morgan Stanley
New York
|
+$5.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$3.32M |
| 2 |
AI
AXS Investments
Port Chester,
New York
|
-$1.33M |
| 3 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
-$1.03M |
| 4 |
WAP
Wealthcare Advisory Partners
West Chester,
Pennsylvania
|
-$851K |
| 5 |
CPL
Capital & Planning LLC
Jonesboro,
Georgia
|
-$738K |
PREF Hedge Fund Activity: Q4 2025 in Review
133 of the 8,265 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q4 2025, worth a combined $1.1B — up 6.6% from $1.03B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new PREF positions and 12 closed out — a net gain of 11 holders — while 59 added to existing stakes and 36 trimmed.
The largest buyer was Ameriprise, adding an estimated $13.3M. The largest seller was Kestra Advisory Services, cutting an estimated $3.32M.
- 133 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q4 2025, up from 125 in Q3 2025.
- Funds reported $1.1B of Principal Spectrum Preferred Securities Active ETF stock for Q4 2025, up 6.6% quarter-over-quarter.
- 23 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q4 2025 and 12 closed out, a net change of +11 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q4 2025 was Ameriprise, an estimated $13.3M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q4 2025 was Kestra Advisory Services, an estimated $3.32M sold.
Based on aggregated 13F filings for Q4 2025.