First Citizens Bank & Trust 13F: Cuts PFF Stake by $7.4M

First Citizens Bank & Trust cut its stake in PFF by nearly 65%, selling over 252,000 shares.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:40 PM EDT · Updated Oct 15, 2026, 9:44 PM EDT

Reviewed by automated data checks against the source filing. How we make and check alerts

First Citizens Bank & Trust sold 252,374 shares from its stake in PFF ($PFF), a 64.97% decrease, according to a 13F filing with the SEC dated October 14, 2026. It reported 136,064 shares worth $4.01 million at the end of the quarter.

Since the filing, $PFF is down 0.3% to date (from the $28.94 close on Oct 14, 2026).

Find the original: First Citizens Bank & Trust 13F filings on SEC EDGAR

PFF PFF

$28.86 -3.96% year to date

Daily close · Oct 16, 2026

Key Points

First Citizens Bank & Trust decreased its holdings in PFF by 252,374 shares, a 65% reduction, now holding 136,064 shares.
The value of First Citizens Bank & Trust's remaining PFF shares is approximately $4 million.
This significant cut in shares was reported in a recent SEC Form 13F filing.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated PFF alert may contain errors. Disclosures

First Citizens Bank & Trust has significantly reduced its stake in PFF, cutting its holdings by 252,374 shares. This move, reported in a recent SEC Form 13F filing, represents a 65% decrease in its position. As of the filing, the bank holds 136,064 shares valued at about $4 million.

13F track record

First Citizens Bank & Trust vs. the S&P 500

YTD return +4.17% hypothetical

All-time return +4.17% S&P 500 +4.11%

vs. S&P 500 +0.06% ahead of the index

Hypothetical returns from First Citizens Bank & Trust's disclosed trades, not real profit or advice. How we model this.

What Changed in First Citizens Bank & Trust's PFF Position

First Citizens Bank & Trust's decision to cut its stake in PFF by nearly two-thirds is a notable move. The bank previously held 388,438 shares, and after selling 252,374 shares, it now holds 136,064 shares. The remaining shares are valued at approximately $4 million.

About PFF

PFF is a popular exchange-traded fund (ETF) that focuses on preferred stocks. These are a type of stock that typically pays fixed dividends and has priority over common stocks in the event of bankruptcy. The fund aims to provide investors with high current income, consistent with preservation of capital. It is widely used by investors seeking income and diversification in their portfolios.

Bottom Line

The significant reduction in PFF shares by First Citizens Bank & Trust reflects a major shift in its investment strategy. While 13F filings offer a snapshot of past positions, they do not necessarily indicate current holdings. Investors keep an eye on such filings to understand institutional sentiment and potential market trends.

More on this

Source: First Citizens Bank & Trust's 13F filing on $PFF (Oct 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: First Citizens Bank & Trust 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts