Vault-13

FLAHERTY & CRUMRINE PFD INCO PFD

COM · Closed-End Fund · CUSIP 338480106

47 institutional holders +3 vs Q1 2024
2,364,8652.4m shares reported held*
$24.7mreported value*
6 new 11 added 18 reduced 3 sold out net sold ≈ $1.8m (-173.7k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.44.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 38Q4 22: 41Q1 23: 41Q2 23: 34Q3 23: 42Q4 23: 44Q1 24: 44Q2 24: 4747Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202238
Q4 202241
Q1 202341
Q2 202334
Q3 202342
Q4 202344
Q1 202444
Q2 202447

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 22 bought or addedQ4 22: 14 cut or sold outQ4 22Q1 23: 20 bought or addedQ1 23: 17 cut or sold outQ2 23: 13 bought or addedQ2 23: 16 cut or sold outQ2 23Q3 23: 25 bought or addedQ3 23: 8 cut or sold outQ4 23: 20 bought or addedQ4 23: 19 cut or sold outQ4 23Q1 24: 20 bought or addedQ1 24: 18 cut or sold outQ2 24: 17 bought or addedQ2 24: 21 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222214
Q1 20232017
Q2 20231316
Q3 2023258
Q4 20232019
Q1 20242018
Q2 20241721

Biggest buyers

Matisse Capital Added +119,230+119.2k
SIT INVESTMENT ASSOCIATES INC Added +67,515+67.5k
BANK OF AMERICA CORP /DE/ Added +63,231+63.2k
WELLS FARGO & COMPANY/MN Added +48,203+48.2k
AQR Arbitrage LLC Added +28,567+28.6k
Pathway Financial Advisors LLC New +23,743+23.7k
HighTower Advisors, LLC New +14,168+14.2k
First National Trust Co New +10,542+10.5k
Arrow Financial Corp New +3,867+3.9k
Ashton Thomas Private Wealth, LLC New +3,359+3.4k

Biggest sellers

MORGAN STANLEY Reduced -437,448-437.4k
Raymond James Financial Services Advisors, Inc. Reduced -62,427-62.4k
Logan Stone Capital, LLC Sold out -14,850-14.8k
WOLVERINE ASSET MANAGEMENT LLC Reduced -14,617-14.6k
McClarren Financial Advisors, Inc. Reduced -7,095-7.1k
UBS Group AG Reduced -4,382-4.4k
ROYAL BANK OF CANADA Reduced -4,324-4.3k
D.A. DAVIDSON & CO. Reduced -3,902-3.9k
CENTAURUS FINANCIAL, INC. Reduced -2,308-2.3k
LongView Wealth Management Reduced -2,236-2.2k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
SIT INVESTMENT ASSOCIATES INC 13G · institution +1.9 pts · filed 2026-04-06 10.3% +1.9 pts 1.3m≈ $15.4m 2026-04-06

Insider purchases and sales in Q2 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 0.09% of their portfolio Minneapolis, MN 358,682358.7k $3.7m $3.7m 0.09% Added +67.5k +67,515
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 231,999232.0k $2.4m $2.4m 0.00% Reduced -437.4k -437,448
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 219,633219.6k $2.3m $2.3m 0.00% Added +63.2k +63,231
4 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 173,587173.6k $1.8m $1.8m 0.00% Reduced -62.4k -62,427
5 UBS Group AG 0.00% of their portfolio ZURICH, V8 154,288154.3k $1.6m $1.6m 0.00% Reduced -4.4k -4,382
6 AQR Arbitrage LLC 0.04% of their portfolio Greenwich, CT 153,234153.2k $1.6m $1.6m 0.04% Added +28.6k +28,567
7 Matisse Capital 0.73% of their portfolio PORTLAND, OR 140,368140.4k $1.5m $1.5m 0.73% Added +119.2k +119,230
8 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 120,168120.2k $1.3m $1.3m 0.00% Added +48.2k +48,203
9 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 112,483112.5k $1.2m $1.2m 0.02% Reduced -14.6k -14,617
10 SFI Advisors, LLC 0.73% of their portfolio Montclair, NJ 90,27490.3k $942.5k $942.5k 0.73% Added +831 +831
11 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 83,66383.7k $873.4k $873.4k 0.00% Reduced -1.2k -1,171
12 Private Wealth Strategies, L.L.C. 0.14% of their portfolio New Albany, OH 68,62868.6k $716.5k $716.5k 0.14% Added +1.1k +1,139
13 ROBINSON CAPITAL MANAGEMENT, LLC 0.21% of their portfolio GROSSE POINTE FARMS, MI 54,85854.9k $570.0k $570.0k 0.21% Unchanged
14 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.05% of their portfolio Englewood, NJ 51,09651.1k $533.4k $533.4k 0.05% Reduced -785 -785
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 50,98051.0k $532.0k $532.0k 0.00% Reduced -4.3k -4,324
16 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 37,96138.0k $396.3k $396.3k 0.00% Added +212 +212
17 LongView Wealth Management 0.10% of their portfolio ATLANTA, GA 25,43225.4k $265.5k $265.5k 0.10% Reduced -2.2k -2,236
18 Pathway Financial Advisors LLC 0.07% of their portfolio SOUTH BURLINGTON, VT 23,74323.7k $247.9k $247.9k 0.07% New
19 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 22,07122.1k $230.4k $230.4k 0.00% Reduced -72 -72
20 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 17,80417.8k $185.9k $185.9k 0.01% Reduced -233 -233
21 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 17,77517.8k $185.6k $185.6k 0.00% Reduced -3.9k -3,902
22 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 17,34117.3k $181.0k $181.0k 0.00% Reduced -146 -146
23 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 15,44915.4k $161.0k $161.0k 0.01% Reduced -1.6k -1,576
24 Poplar Forest Capital LLC 0.02% of their portfolio PASADENA, CA 15,42515.4k $161.0k $161.0k 0.02% Unchanged
25 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 14,16814.2k $144.0k $144.0k 0.00% New
26 Cooper Financial Group 0.02% of their portfolio IRVINE, CA 13,33313.3k $139.2k $139.2k 0.02% Added +31 +31
27 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 13,04313.0k $136.0k $136.0k 0.01% Reduced -2.3k -2,308
28 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,07112.1k $126.0k $126.0k 0.00% Added +1.0k +1,011
29 SpiderRock Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,53311.5k $120.4k $120.4k 0.00% Unchanged
30 First National Trust Co 0.00% of their portfolio Johnstown, PA 10,54210.5k $110.1k $110.1k 0.00% New
31 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,43410.4k $108.9k $108.9k 0.00% Reduced -1.8k -1,827
32 COMERICA BANK 0.00% of their portfolio DALLAS, TX 7,1147.1k $74.3k $74.3k 0.00% Added +2.1k +2,069
33 Arrow Financial Corp 0.00% of their portfolio Glens Falls, NY 3,8673.9k $40.4k $40.4k 0.00% New
34 Pathway Financial Advisers, LLC 0.01% of their portfolio AUBURN, IN 3,3603.4k $35.1k $35.1k 0.01% Reduced -400 -400
35 Ashton Thomas Private Wealth, LLC 0.00% of their portfolio SCOTTSDALE, AZ 3,3593.4k $35.1k $35.1k 0.00% New
36 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 1,2501.2k $13.1k $13.1k 0.00% Unchanged
37 WOLFF WIESE MAGANA LLC 0.01% of their portfolio CARSLBAD, CA 996996 $10.4k $10.4k 0.01% Unchanged
38 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 750750 $7.8k $7.8k 0.00% Unchanged
39 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 400400 $4.0k $4.0k 0.00% New
40 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 360360 $3.8k $3.8k 0.00% Unchanged
41 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 332332 $3.5k $3.5k 0.00% Reduced -708 -708
42 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 300300 $3.1k $3.1k 0.00% Unchanged
43 WR Wealth Planners, LLC 0.00% of their portfolio COLUMBIA, MO 291291 $3.0k $3.0k 0.00% Unchanged
44 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 200200 $2.1k $2.1k 0.00% Unchanged
45 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 200200 $2.1k $2.1k 0.00% Unchanged
46 McClarren Financial Advisors, Inc. 0.00% of their portfolio STATE COLLEGE, PA 2020 $75 $75 0.00% Reduced -7.1k -7,095
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged