Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FLAHERTY & CRUMRINE PFD INCO (PFD)

51 + Investors. Track Smart Money conviction in PFD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
1Q ▲
Buyers last Q
55%

Smart Money Signals — PFD

Based on 51 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added PFD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
51 hedge funds hold PFD right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

23 buying19 selling
Last quarter: 23 funds bought or added vs 19 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~9 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 6 → 12 → 4 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

53% of holders stayed for 2+ years

■ 53% conviction (2yr+) ■ 25% medium ■ 22% new
27 out of 51 hedge funds have held PFD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +2%, value -37%

Value
-37%
Shares
+2%
Last quarter: funds added +2% more shares while total portfolio value only changed -37%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

9 → 6 → 12 → 4 → 9 new funds/Q
New funds entering each quarter: 6 → 12 → 4 → 9. PFD is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 57% of holders stayed 2+ years

■ 57% veterans ■ 14% 1-2yr ■ 29% new
Of 51 current holders: 29 (57%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
7 of 51 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PFD

In 2026 Q1, 23 hedge funds were net buyers of PFD (9 opened a new position, 14 added to an existing one), while 19 reduced or exited (13 trimmed, 6 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 34% of total institutional value in PFD is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 51.

Hedge Fund Ownership: PFD

How many hedge funds hold PFD — quarterly history vs. share price
Quarterly hedge fund ownership of PFD vs. share price

Market Analysis: PFD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PFD

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy FLAHERTY & CRUMRINE PFD INCO (PFD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PFD has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 51d ago
PFD
+56.8%
XLF
+4.6%

PFD outperformed XLF by +52.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 6d ago
PFD
+0.7%
XLF
+1.1%

Since the filing became public, PFD outperformed XLF by -0.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: PFD
51 + Investors

Track Smart Money conviction in PFD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 51 48 6.25%
13F Shares 4M 4M 2.06%
Total Value $28M $44M -37.47%
New Positions 9 4 +5
Increased Positions 14 16 -2
Closed Positions 6 7 -1
Reduced Positions 13 10 +3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PFD

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

51 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PFD. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of PFD — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Smith Asset Management Co., LLC 0.71% 74,065 $828K
2 SIT INVESTMENT ASSOCIATES INC 0.30% 1,320,217 $15K
3 ROBINSON CAPITAL MANAGEMENT, LLC 0.27% 55,073 $645K
4 Signature Wealth Management Partners, LLC 0.08% 14,351 $160K
5 Pathway Financial Advisors LLC 0.07% 48,196 $542K
6 1607 Capital Partners, LLC 0.06% 79,397 $888K
7 O'ROURKE & COMPANY, Inc 0.06% 13,683 $153K
8 Bridgewealth Advisory Group, LLC 0.06% 25,590 $286K
9 LongView Wealth Management 0.05% 17,670 $203K
10 Noble Wealth Management PBC 0.04% 6,355 $71K
11 MGO ONE SEVEN LLC 0.03% 143,682 $1.6M
12 Whipplewood Advisors, LLC 0.02% 3,641 $41K
13 UMB Bank, n.a. 0.01% 86,373 $966K
14 CENTAURUS FINANCIAL, INC. 0.01% 13,043 $146K
15 CIBC Bancorp USA Inc. 0.01% 441,364 $4.9M
16 Fiera Capital Corp 0.01% 171,420 $1.9M
17 CARY STREET PARTNERS FINANCIAL LLC 0.01% 22,735 $254K
18 WEDBUSH SECURITIES INC 0.01% 17,500 —
19 CreativeOne Wealth, LLC 0.00% 17,100 $191K
20 Sound Income Strategies, LLC 0.00% 6,185 $70K
21 GUGGENHEIM CAPITAL LLC 0.00% 32,828 $367K
22 Capital Investment Advisors, LLC 0.00% 15,889 $178K
23 WEBSTER BANK, N. A. 0.00% 2,000 $22K
24 Calamos Advisors LLC 0.00% 38,383 $429K
25 OSAIC HOLDINGS, INC. 0.00% 86,292 $965K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — FLAHERTY & CRUMRINE PFD INCO (PFD)

What does the Smart Money Trend signal show for PFD?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PFD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PFD?

Slight buying edge — 55% buying: Last quarter: 23 funds bought or added vs 19 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PFD holders?

Strong quality — 34% AUM from major funds: 7 of 51 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PFD?

53% of holders stayed for 2+ years: 27 out of 51 hedge funds have held PFD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy FLAHERTY & CRUMRINE PFD INCO (PFD) following the 2026 Q1 hedge fund 13F filings?

As of today, PFD has moved +0.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the XLF sector ETF — an outperformance of -0.4%. Since the quarter end (March 31, 2026), PFD has gained +56.8% vs +4.6% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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