Vault-13

FLAHERTY & CRUMRINE PFD INCO PFD

COM · Closed-End Fund · CUSIP 338480106

50 institutional holders +1 vs Q4 2025
3,801,9163.8m shares reported held*
$42.5mreported value*
7 new 14 added 13 reduced 4 sold out net bought ≈ $829.2k (+74.2k 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 ≈ $11.19.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 38Q4 22: 41Q1 23: 41Q2 23: 34Q3 23: 42Q4 23: 44Q1 24: 44Q2 24: 47Q3 24: 46Q4 24: 49Q1 25: 50Q2 25: 48Q3 25: 52Q4 25: 49Q1 26: 5050Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202238
Q4 202241
Q1 202341
Q2 202334
Q3 202342
Q4 202344
Q1 202444
Q2 202447
Q3 202446
Q4 202449
Q1 202550
Q2 202548
Q3 202552
Q4 202549
Q1 202650

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 17 bought or addedQ2 24: 21 cut or sold outQ3 24: 20 bought or addedQ3 24: 18 cut or sold outQ3 24Q4 24: 13 bought or addedQ4 24: 20 cut or sold outQ1 25: 22 bought or addedQ1 25: 16 cut or sold outQ1 25Q2 25: 21 bought or addedQ2 25: 14 cut or sold outQ3 25: 22 bought or addedQ3 25: 19 cut or sold outQ3 25Q4 25: 20 bought or addedQ4 25: 16 cut or sold outQ1 26: 21 bought or addedQ1 26: 17 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241721
Q3 20242018
Q4 20241320
Q1 20252216
Q2 20252114
Q3 20252219
Q4 20252016
Q1 20262117

Biggest buyers

SIT INVESTMENT ASSOCIATES INC Added +143,861+143.9k
1607 Capital Partners, LLC Added +22,797+22.8k
LPL Financial LLC Added +20,312+20.3k
Beacon Pointe Advisors, LLC New +19,889+19.9k
CreativeOne Wealth, LLC New +17,100+17.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +15,568+15.6k
Kestra Advisory Services, LLC New +11,453+11.5k
MORGAN STANLEY Added +10,452+10.5k
WELLS FARGO & COMPANY/MN Added +10,433+10.4k
RAYMOND JAMES FINANCIAL INC Added +9,590+9.6k

Biggest sellers

Lido Advisors, LLC Sold out -66,880-66.9k
AQR Arbitrage LLC Sold out -35,599-35.6k
Smith Asset Management Co., LLC Reduced -31,853-31.9k
Calamos Advisors LLC Reduced -30,776-30.8k
MGO ONE SEVEN LLC Reduced -19,954-20.0k
UBS Group AG Reduced -10,318-10.3k
ROYAL BANK OF CANADA Reduced -9,695-9.7k
Fiera Capital Corp Reduced -8,418-8.4k
BANK OF AMERICA CORP /DE/ Reduced -3,617-3.6k
Pinnacle Wealth Planning Services, Inc. Sold out -3,000-3.0k

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 Q1 2026

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 Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 0.30% of their portfolio Minneapolis, MN 1,320,2171.3m $14.8m $14.8m 0.30% Added +143.9k +143,861
2 CIBC Bancorp USA Inc. 0.01% of their portfolio CHICAGO, IL 441,364441.4k $4.9m $4.9m 0.01% First filing
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 302,890302.9k $3.4m $3.4m 0.00% Added +10.5k +10,452
4 Fiera Capital Corp 0.01% of their portfolio MONTREAL, A8 171,420171.4k $1.9m $1.9m 0.01% Reduced -8.4k -8,418
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 157,651157.7k $1.8m $1.8m 0.00% Reduced -3.6k -3,617
6 MGO ONE SEVEN LLC 0.03% of their portfolio Beachwood, OH 143,682143.7k $1.6m $1.6m 0.03% Reduced -20.0k -19,954
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 112,617112.6k $1.3m $1.3m 0.00% Reduced -10.3k -10,318
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 109,892109.9k $1.2m $1.2m 0.00% Added +20.3k +20,312
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 96,16396.2k $1.1m $1.1m 0.00% Added +10.4k +10,433
10 UMB Bank, n.a. 0.01% of their portfolio Kansas City, MO 86,37386.4k $965.6k $965.6k 0.01% Unchanged
11 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 86,29286.3k $964.7k $964.7k 0.00% Added +3.3k +3,281
12 1607 Capital Partners, LLC 0.06% of their portfolio Richmond, VA 79,39779.4k $887.7k $887.7k 0.06% Added +22.8k +22,797
13 Smith Asset Management Co., LLC 0.71% of their portfolio Chiefland, FL 74,06574.1k $828.0k $828.0k 0.71% Reduced -31.9k -31,853
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 56,16456.2k $627.9k $627.9k 0.00% Added +9.6k +9,590
15 ROBINSON CAPITAL MANAGEMENT, LLC 0.29% of their portfolio GROSSE POINTE FARMS, MI 55,07355.1k $644.6k $644.6k 0.29% Unchanged
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 49,21749.2k $550.0k $550.0k 0.00% Reduced -9.7k -9,695
17 Pathway Financial Advisors LLC 0.07% of their portfolio SOUTH BURLINGTON, VT 48,19648.2k $541.7k $541.7k 0.07% Unchanged
18 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 38,38338.4k $429.1k $429.1k 0.00% Reduced -30.8k -30,776
19 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 37,31937.3k $417.2k $417.2k 0.00% Reduced -1.7k -1,680
20 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 32,82832.8k $367.0k $367.0k 0.00% Reduced -205 -205
21 Bridgewealth Advisory Group, LLC 0.06% of their portfolio Fresno, CA 25,59025.6k $286.1k $286.1k 0.06% Unchanged
22 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 22,73522.7k $254.2k $254.2k 0.01% Reduced -400 -400
23 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 19,88919.9k $222.4k $222.4k 0.00% New
24 LongView Wealth Management 0.05% of their portfolio ATLANTA, GA 17,67017.7k $203.2k $203.2k 0.05% Reduced -2.8k -2,780
25 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 17,50017.5k $196.0k $196.0k 0.01% Reduced -1.0k -1,000
26 CreativeOne Wealth, LLC 0.00% of their portfolio OVERLAND PARK, KS 17,10017.1k $191.2k $191.2k 0.00% New
27 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 16,60016.6k $185.6k $185.6k 0.00% Unchanged
28 Capital Investment Advisors, LLC 0.00% of their portfolio ATLANTA, GA 15,88915.9k $177.6k $177.6k 0.00% Added +3.3k +3,297
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,56815.6k $174.1k $174.1k 0.00% New
30 Signature Wealth Management Partners, LLC 0.08% of their portfolio MONTVALE, NJ 14,35114.4k $160.4k $160.4k 0.08% Unchanged
31 O'ROURKE & COMPANY, Inc 0.06% of their portfolio BOSTON, MA 13,68313.7k $153.0k $153.0k 0.06% Added +423 +423
32 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 13,04313.0k $146.0k $146.0k 0.01% Unchanged
33 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 11,61811.6k $129.9k $129.9k 0.00% Added +39 +39
34 BlackRock, Inc. 0.00% of their portfolio New York, NY 11,53311.5k $128.9k $128.9k 0.00% Unchanged
35 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 11,45311.5k $128.0k $128.0k 0.00% New
36 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 11,06011.1k $124.3k $124.3k 0.00% Unchanged
37 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 10,40010.4k $116.3k $116.3k 0.00% Added +127 +127
38 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 8,8068.8k $98.5k $98.5k 0.00% New
39 Noble Wealth Management PBC 0.04% of their portfolio GREENWOOD VILLAGE, CO 6,3556.4k $71.0k $71.0k 0.04% Added +950 +950
40 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 6,1856.2k $70.0k $70.0k 0.00% Reduced -385 -385
41 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,9003.9k $44.1k $44.1k 0.00% Unchanged
42 Whipplewood Advisors, LLC 0.02% of their portfolio LITTLETON, CO 3,6413.6k $40.7k $40.7k 0.02% Added +1 +1
43 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,5303.5k $39.5k $39.5k 0.00% Added +3.0k +3,030
44 WEBSTER BANK, N. A. 0.00% of their portfolio WATERBURY, CT 2,0002.0k $22.4k $22.4k 0.00% Unchanged
45 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,4331.4k $16.0k $16.0k 0.00% Unchanged
46 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 360360 $4.0k $4.0k 0.00% Unchanged
47 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 300300 $3.4k $3.4k 0.00% Unchanged
48 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 250250 $2.8k $2.8k 0.00% New
49 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 200200 $2.2k $2.2k 0.00% Unchanged
50 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 7171 $794 $794 0.00% New