Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Flaherty & Crumrine Pfd Inco (PFO)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
1Q ▼
Buyers last Q
54%

Smart Money Signals — PFO

Based on 51 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their PFO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
51 hedge funds hold PFO 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 — +13% more funds vs a year ago

fund count last 6Q
+6 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 54% buying

26 buying22 selling
Last quarter: 26 funds bought or added vs 22 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 — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 7 → 12 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

41% of holders stayed for 2+ years

■ 41% conviction (2yr+) ■ 29% medium ■ 29% new
21 out of 51 hedge funds have held PFO 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.
➡️

Steady discovery — ~8 new funds/quarter

8 → 9 → 7 → 12 → 8 new funds/Q
New funds entering each quarter: 9 → 7 → 12 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 47% veterans vs 41% newcomers

■ 47% veterans ■ 12% 1-2yr ■ 41% new
Entry-cohort mix of 51 holders: 24 (47%) are 2+ year veterans, 6 entered 1–2 years ago, and 21 (41%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 9% AUM from top-100

9% from top-100 AUM funds
7 of 51 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 — PFO

In 2026 Q2, 26 hedge funds were net buyers of PFO (8 opened a new position, 18 added to an existing one), while 22 reduced or exited (13 trimmed, 9 sold completely) — a 54% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 51.

Hedge Fund Ownership: PFO

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

Market Analysis: PFO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PFO

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: PFO
51 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 51 52 -1.92%
13F Shares 4M 4M -8.19%
Total Value $21M $26M -18.09%
New Positions 8 12 -4
Increased Positions 18 13 +5
Closed Positions 9 4 +5
Reduced Positions 13 20 -7
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PFO

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Institutional Holders (2026 Q2)

51 + investors

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

QUARTER:
Top 25 PFO holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Closed-End Fund Advisors, Inc. 0.86% 94,929 $877K
2 Mustico Financial Group, INC. 0.49% 83,652 $757K
3 Noble Wealth Management PBC 0.42% 100,360 $927K
4 Smith Asset Management Co., LLC 0.22% 30,718 $284K
5 1607 Capital Partners, LLC 0.16% 200,178 $1.8M
6 Traub Capital Management LLC 0.14% 16,759 $155K
7 Atlas Wealth LLC 0.08% 57,449 $531K
8 Basepoint Wealth LLC 0.03% 6,387 $59K
9 Logan Stone Capital, LLC 0.03% 16,984 $157K
10 TrueMark Investments, LLC 0.03% 22,537 $208K
11 Paladin Partners, LLC 0.02% 3,271 $30K
12 Sowell Financial Services LLC 0.01% 39,073 $361K
13 Jag Capital Management, LLC 0.01% 12,700 $117K
14 Thomas J. Herzfeld Advisors, Inc. 0.01% 3,679 $34K
15 Rivernorth Capital Management, LLC 0.01% 22,537 $208K
16 Clifford Swan Investment Counsel LLC 0.01% 29,500 $273K
17 Private Advisor Group, LLC 0.01% 175,625 $1.6M
18 Mosaic Family Wealth Partners, LLC 0.01% 11,824 $109K
19 CIBC Bancorp USA Inc. 0.01% 588,511 $5.4M
20 Clear Creek Financial Management, LLC 0.01% 11,080 $102K
21 West Branch Capital LLC 0.01% 2,402 $22K
22 D.A. Davidson & CO. 0.00% 89,474 $827K
23 Fiera Capital Corp 0.00% 128,673 $1.2M
24 Arax Advisory Partners 0.00% 54,038 $499K
25 Pathstone Holdings, LLC 0.00% 101,525 $938K
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 (PFO)

What does the Smart Money Trend signal show for PFO?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PFO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PFO?

Slight buying edge — 54% buying: Last quarter: 26 funds bought or added vs 22 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 PFO holders?

Smaller funds dominant — 9% AUM from top-100: 7 of 51 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held PFO?

41% of holders stayed for 2+ years: 21 out of 51 hedge funds have held PFO 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.

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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