Vault-13

FLAHERTY & CRUMRINE PFD INCO PFD

COM · Closed-End Fund · CUSIP 338480106

51 institutional holders +1 vs Q1 2026
4,001,2064.0m shares reported held*
$46.5mreported value*
4 new 15 added 16 reduced 3 sold out net bought ≈ $2.3m (+199.3k 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 ≈ $11.63.

Trends to Q2 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: 50Q2 26: 5151Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 202651

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 20 bought or addedQ3 24: 18 cut or sold outQ4 24: 13 bought or addedQ4 24: 20 cut or sold outQ4 24Q1 25: 22 bought or addedQ1 25: 16 cut or sold outQ2 25: 21 bought or addedQ2 25: 14 cut or sold outQ2 25Q3 25: 22 bought or addedQ3 25: 19 cut or sold outQ4 25: 20 bought or addedQ4 25: 16 cut or sold outQ4 25Q1 26: 21 bought or addedQ1 26: 17 cut or sold outQ2 26: 19 bought or addedQ2 26: 19 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242018
Q4 20241320
Q1 20252216
Q2 20252114
Q3 20252219
Q4 20252016
Q1 20262117
Q2 20261919

Biggest buyers

SIT INVESTMENT ASSOCIATES INC Added +141,966+142.0k
FIDUCIARY FINANCIAL ADVISORS New +60,582+60.6k
Cambridge Investment Research Advisors, Inc. New +34,920+34.9k
CITADEL ADVISORS LLC New +16,705+16.7k
Capital Investment Advisors, LLC Added +6,762+6.8k
Kestra Advisory Services, LLC Added +6,593+6.6k
Clear Street Group Inc. Added +6,355+6.4k
CreativeOne Wealth, LLC Added +6,099+6.1k
Fiera Capital Corp Added +5,697+5.7k
UBS Group AG Added +3,349+3.3k

Biggest sellers

1607 Capital Partners, LLC Reduced -30,393-30.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -15,568-15.6k
CENTAURUS FINANCIAL, INC. Sold out -13,043-13.0k
ROYAL BANK OF CANADA Reduced -6,349-6.3k
Sound Income Strategies, LLC Sold out -6,185-6.2k
MORGAN STANLEY Reduced -5,379-5.4k
WELLS FARGO & COMPANY/MN Reduced -3,015-3.0k
CARY STREET PARTNERS FINANCIAL LLC Reduced -2,652-2.7k
Beacon Pointe Advisors, LLC Reduced -2,592-2.6k
MGO ONE SEVEN LLC Reduced -2,367-2.4k

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 since 1 Apr 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 since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SIT INVESTMENT ASSOCIATES INC 0.32% of their portfolio Minneapolis, MN 1,462,1831.5m $17.0m $17.0m 0.32% Added +142.0k +141,966
2 CIBC Bancorp USA Inc. 0.01% of their portfolio CHICAGO, IL 441,364441.4k $5.1m $5.1m 0.01% Unchanged
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 297,511297.5k $3.5m $3.5m 0.00% Reduced -5.4k -5,379
4 Fiera Capital Corp 0.01% of their portfolio MONTREAL, A8 177,117177.1k $2.1m $2.1m 0.01% Added +5.7k +5,697
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 157,980158.0k $1.8m $1.8m 0.00% Added +329 +329
6 MGO ONE SEVEN LLC 0.03% of their portfolio Beachwood, OH 141,315141.3k $1.6m $1.6m 0.03% Reduced -2.4k -2,367
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 115,966116.0k $1.3m $1.3m 0.00% Added +3.3k +3,349
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 109,007109.0k $1.3m $1.3m 0.00% Reduced -885 -885
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 93,14893.1k $1.1m $1.1m 0.00% Reduced -3.0k -3,015
10 UMB Bank, n.a. 0.01% of their portfolio Kansas City, MO 86,37386.4k $1.0m $1.0m 0.01% Unchanged
11 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 85,43385.4k $993.6k $993.6k 0.00% Reduced -859 -859
12 Smith Asset Management Co., LLC 0.66% of their portfolio Chiefland, FL 72,66872.7k $845.1k $845.1k 0.66% Reduced -1.4k -1,397
13 FIDUCIARY FINANCIAL ADVISORS 0.07% of their portfolio GRAND RAPIDS, MI 60,58260.6k $704.6k $704.6k 0.07% New
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 58,86858.9k $684.6k $684.6k 0.00% Added +2.7k +2,704
15 ROBINSON CAPITAL MANAGEMENT, LLC 0.28% of their portfolio GROSSE POINTE FARMS, MI 55,07355.1k $640.5k $640.5k 0.28% Unchanged
16 1607 Capital Partners, LLC 0.05% of their portfolio Richmond, VA 49,00449.0k $569.9k $569.9k 0.05% Reduced -30.4k -30,393
17 Pathway Financial Advisors LLC 0.06% of their portfolio SOUTH BURLINGTON, VT 46,99647.0k $544.2k $544.2k 0.06% Reduced -1.2k -1,200
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 42,86842.9k $499.0k $499.0k 0.00% Reduced -6.3k -6,349
19 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 41,12541.1k $478.3k $478.3k 0.00% Added +2.7k +2,742
20 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 36,82936.8k $428.3k $428.3k 0.00% Reduced -490 -490
21 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 34,92034.9k $406.0k $406.0k 0.00% New
22 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 33,04833.0k $384.3k $384.3k 0.00% Added +220 +220
23 Bridgewealth Advisory Group, LLC 0.06% of their portfolio Fresno, CA 25,59025.6k $297.6k $297.6k 0.06% Unchanged
24 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 23,19923.2k $269.8k $269.8k 0.01% Added +6.1k +6,099
25 Capital Investment Advisors, LLC 0.00% of their portfolio ATLANTA, GA 22,65122.7k $263.4k $263.4k 0.00% Added +6.8k +6,762
26 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 20,08320.1k $233.6k $233.6k 0.01% Reduced -2.7k -2,652
27 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 18,04618.0k $209.9k $209.9k 0.00% Added +6.6k +6,593
28 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 17,29717.3k $201.2k $201.2k 0.00% Reduced -2.6k -2,592
29 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 16,80016.8k $195.0k $195.0k 0.01% Reduced -700 -700
30 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 16,70516.7k $194.3k $194.3k 0.00% New
31 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 16,60016.6k $193.1k $193.1k 0.00% Unchanged
32 LongView Wealth Management 0.05% of their portfolio ATLANTA, GA 15,30515.3k $178.0k $178.0k 0.05% Reduced -2.4k -2,365
33 Signature Wealth Management Partners, LLC 0.08% of their portfolio MONTVALE, NJ 14,35114.4k $166.9k $166.9k 0.08% Unchanged
34 O'ROURKE & COMPANY, Inc 0.06% of their portfolio BOSTON, MA 13,68313.7k $159.1k $159.1k 0.06% Unchanged
35 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 11,65811.7k $135.6k $135.6k 0.00% Added +40 +40
36 BlackRock, Inc. 0.00% of their portfolio New York, NY 11,53311.5k $134.1k $134.1k 0.00% Unchanged
37 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 11,06011.1k $127.6k $127.6k 0.00% Unchanged
38 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 10,53210.5k $122.5k $122.5k 0.00% Added +132 +132
39 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 8,8418.8k $102.8k $102.8k 0.00% Added +35 +35
40 Noble Wealth Management PBC 0.04% of their portfolio GREENWOOD VILLAGE, CO 7,1577.2k $83.2k $83.2k 0.04% Added +802 +802
41 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 6,4266.4k $74.7k $74.7k 0.00% Added +6.4k +6,355
42 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,9003.9k $45.4k $45.4k 0.00% Unchanged
43 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,5303.5k $41.1k $41.1k 0.00% Unchanged
44 WEBSTER BANK, N. A. 0.00% of their portfolio WATERBURY, CT 2,0002.0k $23.3k $23.3k 0.00% Unchanged
45 Whipplewood Advisors, LLC 0.01% of their portfolio LITTLETON, CO 1,4981.5k $17.4k $17.4k 0.01% Reduced -2.1k -2,143
46 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,4331.4k $16.7k $16.7k 0.00% Unchanged
47 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,0001.0k $11.6k $11.6k 0.00% New
48 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 300300 $3.5k $3.5k 0.00% Unchanged
49 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 250250 $2.9k $2.9k 0.00% Unchanged
50 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 200200 $2.3k $2.3k 0.00% Reduced -160 -160
51 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 200200 $2.3k $2.3k 0.00% Unchanged