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
↑ +7
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — PFO

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 PFO 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 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 — 50% buying

24 buying24 selling
Last quarter: 24 funds bought or added vs 24 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 — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 9 → 7 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 22% medium ■ 31% new
24 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.
💎

Buying through price weakness — shares +1%, value -38%

Value
-37%
Shares
+1%
Last quarter: funds added +1% more shares while total portfolio value only changed -38%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~11 new funds/quarter

6 → 8 → 9 → 7 → 11 new funds/Q
New funds entering each quarter: 8 → 9 → 7 → 11. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 53% of holders stayed 2+ years

■ 53% veterans ■ 14% 1-2yr ■ 33% new
Of 51 current holders: 27 (53%) 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.
📋

Smaller funds dominant — 8% AUM from top-100

8% from top-100 AUM funds
9 of 51 holders rank in the top 100 by AUM, but together hold only 8% 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 Q1, 24 hedge funds were net buyers of PFO (11 opened a new position, 13 added to an existing one), while 24 reduced or exited (20 trimmed, 4 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: +7 funds (more new holders than closures). 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

-- --

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

Is It Too Late to Buy Flaherty & Crumrine Pfd Inco (PFO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PFO 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 · 78d ago
PFO
+1.9%
XLF
+1220.3%

PFO outperformed XLF by -1218.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
PFO
+2.1%
XLF
+4.8%

Since the filing became public, PFO outperformed XLF by -2.7% .

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
0.5
/ 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 Q1) Prior (2025 Q4) Change
Funds Holding 51 44 15.91%
13F Shares 4M 4M 1.37%
Total Value $26M $41M -37.93%
New Positions 11 7 +4
Increased Positions 13 12 +1
Closed Positions 4 9 -5
Reduced Positions 20 16 +4
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: PFO

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
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Total Cash (mrq) --
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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 PFO. Verified SEC 13F-HR filings.

QUARTER:
Top 25 PFO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Closed-End Fund Advisors, Inc. 0.87% 94,733 $856K
2 Mustico Financial Group, INC. 0.53% 81,412 $754K
3 Noble Wealth Management PBC 0.44% 97,449 $881K
4 Smith Asset Management Co., LLC 0.25% 31,818 $288K
5 1607 Capital Partners, LLC 0.21% 321,580 $2.9M
6 Catalina Capital Group, LLC 0.10% 18,823 $170K
7 Advisors Asset Management, Inc. 0.05% 350,620 $3.2M
8 Basepoint Wealth LLC 0.05% 9,937 $90K
9 TrueMark Investments, LLC 0.04% 21,043 $190K
10 Logan Stone Capital, LLC 0.03% 10,504 $95K
11 Sowell Financial Services LLC 0.01% 39,073 $353K
12 Jag Capital Management, LLC 0.01% 12,700 $115K
13 Thomas J. Herzfeld Advisors, Inc. 0.01% 3,724 $34K
14 Mosaic Family Wealth Partners, LLC 0.01% 11,824 $107K
15 Pathstone Holdings, LLC 0.01% 270,782 $2.4M
16 Rivernorth Capital Management, LLC 0.01% 21,043 $190K
17 Clifford Swan Investment Counsel LLC 0.01% 29,500 $267K
18 Private Advisor Group, LLC 0.01% 186,341 $1.7M
19 Clear Creek Financial Management, LLC 0.01% 11,045 $100K
20 CIBC Bancorp USA Inc. 0.01% 588,511 $5.3M
21 West Branch Capital LLC 0.01% 2,368 $21K
22 D.A. Davidson & CO. 0.00% 85,315 $771K
23 Fiera Capital Corp 0.00% 125,260 $1.1M
24 AlphaCore Capital LLC 0.00% 12,900 $117K
25 Webster Bank, N. A. 0.00% 3,000 $27K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PFO 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 PFO?

Slight buying edge — 50% buying: Last quarter: 24 funds bought or added vs 24 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 — 8% AUM from top-100: 9 of 51 holders rank in the top 100 by AUM, but together hold only 8% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held PFO?

47% of holders stayed for 2+ years: 24 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.

Is it too late to buy Flaherty & Crumrine Pfd Inco (PFO) following the 2026 Q1 hedge fund 13F filings?

As of today, PFO has moved +2.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of -2.7%. Since the quarter end (March 31, 2026), PFO has gained +1.9% vs +1220.3% 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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