📊 1. BlackRock’s PFF ETF Has Notable Exposure to MicroStrategy Preferreds

Recent disclosures show that PFF holds roughly $380 million worth of MicroStrategy preferred equity exposures — positions tied to MicroStrategy’s high-yield preferred instruments that the company issues to fund its Bitcoin purchases. �

CoinDesk

In some reporting, this exposure has been cited at around $470 million, equating to roughly ~3.3 % of the total portfolio of the PFF ETF. �

CoinGape

📌 2. What Exactly Is in the PFF Portfolio?

The PFF ETF tracks a broad index of U.S. preferred and hybrid securities — typically a mix of corporate financial, utility, and industrial preferreds. �

BlackRock

According to the most recently published fact sheet:

Top holdings include preferred issues from major financial and industrial issuers — and MicroStrategy’s “Perpetual Stretch preferred securities” appear among them, though at a modest individual weight. �

BlackRock

Boeing preferreds ~4.3%

Wells Fargo preferreds ~2.35%

MicroStrategy Perp Stretch preferred ~1.47%

Other diversified preferred securities from banks and corporates also contribute significantly. �

BlackRock

Thus, MicroStrategy preferred issues are part of the index and show up in the ETF’s list of holdings — but they do not dominate the fund’s allocation.

#MarketRebound #BinanceHODLerBREV #BTC100kNext? #TrumpNewTariffs #FedOfficialsSpeak