PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
PRFD
8 hedge funds and large institutions have $76M invested in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 2 closing their positions.
179% more capital invested
Capital invested by funds: $27.3M → $76M (+$48.8M)
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
23.02% more ownership
Funds ownership: 58.5% → 81.51% (+23%)
14% more funds holding
Funds holding: 7 → 8 (+1)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
+$64.5M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$1.07M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$227K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$18.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.29M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$7.23M |
| 3 |
JP Morgan Chase
New York
|
-$723K |
| 4 |
MCA
Magnolia Capital Advisors
Jackson,
Mississippi
|
-$21.6K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$16.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GI
1
Gradient Investments
Arden Hills,
Minnesota
| $72.8M | +$64.5M | +1,388,269 | +804% |
|
|
MCA
2
Magnolia Capital Advisors
Jackson,
Mississippi
| $1.9M | -$21.6K | -464 | -1% |
|
|
3
HighTower Advisors
Chicago,
Illinois
| $1.07M | +$1.07M | +23,035 | New |
|
|
4
Royal Bank of Canada
Toronto,
Ontario, Canada
| $228K | +$227K | +4,881 | New |
|
|
5
Osaic Holdings
Scottsdale,
Arizona
| $26.2K | +$18.8K | +405 | +260% |
|
|
IPW
6
Impact Partnership Wealth
Marietta,
Georgia
| $5.88K | +$5.86K | +126 | New |
|
|
7
UBS Group
Zurich,
Switzerland
| $5.22K | -$16.2K | -348 | -76% |
|
|
8
Morgan Stanley
New York
| $47 | -$9.29M | -200,000 | -100% |
|
|
9
Bank of America
Charlotte,
North Carolina
| – | -$7.23M | -155,100 | Closed |
|
|
10
JP Morgan Chase
New York
| – | -$723K | -15,500 | Closed |
|
PRFD Hedge Fund Activity: Q2 2023 in Review
8 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (PRFD) for Q2 2023, worth a combined $76M — up 179% from $27.3M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new PRFD positions and 2 closed out — a net gain of 1 holder — while 2 added to existing stakes and 3 trimmed.
The largest buyer was Gradient Investments, adding an estimated $64.5M. The largest seller was Morgan Stanley, cutting an estimated $9.29M.
- 8 institutional investors held PIMCO Preferred and Capital Securities Active Exchange-Traded Fund (PRFD) as of Q2 2023, up from 7 in Q1 2023.
- Funds reported $76M of PIMCO Preferred and Capital Securities Active Exchange-Traded Fund stock for Q2 2023, up 179% quarter-over-quarter.
- 3 funds opened new PIMCO Preferred and Capital Securities Active Exchange-Traded Fund positions in Q2 2023 and 2 closed out, a net change of +1 holder.
- The largest PIMCO Preferred and Capital Securities Active Exchange-Traded Fund buyer in Q2 2023 was Gradient Investments, an estimated $64.5M added.
- The largest PIMCO Preferred and Capital Securities Active Exchange-Traded Fund seller in Q2 2023 was Morgan Stanley, an estimated $9.29M sold.
Based on aggregated 13F filings for Q2 2023.