P
Principal Spectrum Preferred Securities Active
PREF • ARCA
Principal Spectrum Preferred Securities Active is an exchange-traded fund on ARCA. As of Q3 2025, 122 institutional investors hold shares in this ETF, with total holdings valued at $1.0B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $205.7M.
Overview
Overview of institutional ownership in PREF as of Q3 2025
All Institutions
- Institutions
- 122
- Value Held
- $1.0B
- Shares Held
- 53.6M
- Avg Position
- $8.4M
- Median Position
- $951.2K
Hedge Funds
- Hedge Funds
- 3
- Value Held
- $6.1M
- Shares Held
- 318.0K
- Avg Position
- $2.0M
- Median Position
- $571.7K
Biggest Investors
Institutions with the largest positions in PREF as of Q3 2025
| Institution | Position Value |
|---|---|
 BANK OF AMERICA CORP /DE/ Institution | $205.7M 0.02% of portfolio |
 UBS Group AG Institution | $135.6M 0.03% of portfolio |
 MORGAN STANLEY RIA/Wealth | $126.2M 0.01% of portfolio |
 WELLS FARGO & COMPANY/MN Institution | $68.8M 0.01% of portfolio |
R ROYAL BANK OF CANADA Institution | $59.5M 0.01% of portfolio |
L LPL Financial LLC Institution | $52.1M 0.02% of portfolio |
 IFC Advisors LLC RIA/Wealth | $50.2M 9.20% of portfolio |
 RAYMOND JAMES FINANCIAL INC RIA/Wealth | $32.2M 0.01% of portfolio |
P Permanens Capital L.P. Institution | $28.1M 4.31% of portfolio |
$23.1M 0.04% of portfolio |
Net Capital Flow
Institutional buying and selling activity for PREF in Q3 2025
- Traded
- +$70.4M
- Buyers
- 72
- Sellers
- 46
- Total Bought
- +$88.9M
- Total Sold
- −$18.5M
- Avg Position
- $7.7M
Biggest Buyers
| Institution | Net Bought |
|---|---|
 AMERIPRISE FINANCIAL INC Institution | +$20.7M +1.1M shares |
BANK OF AMERICA CORP /DE/ Institution | +$10.0M +524.9K shares |
MORGAN STANLEY RIA/Wealth | +$8.4M +437.4K shares |
WELLS FARGO & COMPANY/MN Institution | +$6.6M +342.5K shares |
 PSI Advisors, LLC RIA/Wealth | +$5.5M +285.9K shares |
 L2 Asset Management, LLC Hedge Fund•Long/Short | +$5.0M +261.4K shares |
 Wright Fund Managment, LLC Long Only Manager | +$4.7M +246.1K shares |
 PRINCIPAL SECURITIES, INC. RIA/Wealth | +$4.7M +243.4K shares |
 ENVESTNET ASSET MANAGEMENT INC Long Only Manager | +$4.5M +237.0K shares |
UBS Group AG Institution | +$3.1M +162.0K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 KWB Wealth RIA/Wealth | −$3.9M −209.4K shares |
IFC Advisors LLC RIA/Wealth | −$3.8M −196.2K shares |
L LPL Financial LLC Institution | −$1.3M −69.6K shares |
 FLYNN ZITO CAPITAL MANAGEMENT, LLC RIA/Wealth | −$1.2M −63.2K shares |
 Mirae Asset Global Investments Co., Ltd. Long Only Manager | −$1.1M −59.0K shares |
P Permanens Capital L.P. Institution | −$999.4K −52.2K shares |
 Baird Financial Group, Inc. Private Equity | −$891.0K −46.6K shares |
 AXS Investments LLC Institution | −$673.9K −35.2K shares |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | −$601.4K −31.7K shares |
U UMB BANK N A/MO Institution | −$479.9K −25.1K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited PREF in Q3 2025
- New Positions
- 10
- New Value
- $31.7M
- Exited Positions
- 11
- Exited Value
- $5.9M
New Positions
| Institution | Position Value |
|---|---|
AMERIPRISE FINANCIAL INC Institution | $20.7M 1.1M shares |
L2 Asset Management, LLC Hedge Fund•Long/Short | $5.0M 261.4K shares |
Wright Fund Managment, LLC Long Only Manager | $4.7M 246.1K shares |
 MBL Wealth, LLC RIA/Wealth | $440.2K 23.0K shares |
A Advisory Services Network, LLC RIA/Wealth | $300.7K 15.7K shares |
 ADAPT WEALTH ADVISORS, LLC RIA/Wealth | $284.7K 14.9K shares |
 Cetera Investment Advisers RIA/Wealth | $245.7K 12.8K shares |
 FIFTH THIRD BANCORP Institution | $9.6K 502.0 shares |
 AE Wealth Management LLC RIA/Wealth | $5.6K 293.0 shares |
A Abich Financial Wealth Management LLC RIA/Wealth | $3.9K 204.0 shares |
Exited Positions
| Institution | Previous Position |
|---|---|
KWB Wealth RIA/Wealth | $3.9M 209.4K shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $601.4K 31.7K shares |
$378.7K 20.0K shares | |
 Cascade Financial Partners, LLC RIA/Wealth | $330.1K 17.4K shares |
C CLS Investments, LLC Institution | $315.2K 16.6K shares |
 Grant Private Wealth Management Inc RIA/Wealth | $211.7K 11.2K shares |
L Laurel Wealth Advisors LLC RIA/Wealth | $66.6K 3.5K shares |
 HANTZ FINANCIAL SERVICES, INC. RIA/Wealth | $15.2K 800.0 shares |
 FIRST FINANCIAL HOLDINGS, INC. Institution | $14.0K 740.0 shares |
 Ameritas Advisory Services, LLC RIA/Wealth | $3.8K 200.0 shares |
Options Activity
Institutions with the largest Call and Put options positions in PREF as of Q3 2025
- Call Positions
- 0
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
| No call positions found | |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with PREF as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
IFC Advisors LLC RIA/Wealth | 9.20% $50.2M |
P Permanens Capital L.P. Institution | 4.31% $28.1M |
R ROGCO, LP Institution | 2.58% $7.3M |
1.88% $10.8M | |
 Meadow Creek Wealth Advisors LLC RIA/Wealth | 1.73% $2.6M |
AXS Investments LLC Institution | 1.61% $3.7M |
PSI Advisors, LLC RIA/Wealth | 1.42% $5.5M |
T Tyche Wealth Partners LLC Institution | 1.37% $7.7M |
 Bensler, LLC RIA/Wealth | 1.32% $12.3M |
G GSB Wealth Management, LLC RIA/Wealth | 1.05% $4.6M |
Hedge Fund Spotlight
Discover hedge funds investing in PREF
L2 Asset Management, LLC
Hedge Fund • Long/Short
Portfolio ManagerMatthew Justin Malgari
- Portfolio Value
- $683.4M
- Positions
- 357
- Last Reported
- Q3 2025
Sector Allocation
P
Position in Principal Spectrum Preferred Securities Active
- Market Value
- $5.0M
- Shares Held
- 261.4K
- Portfolio Weight
- 0.73%
- Owned Since
- 2025-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
ETF ETF | $24.1M | 3.53% | |
Semiconductors Technology | $20.6M | 3.01% | |
Software - Infrastructure Technology | $18.2M | 2.67% |
