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FC

Flaherty & Crumrine Portfolio holdings

AUM $19.8M
1-Year Est. Return 3.53%
This Fund
S&P 500
This Quarter Est. Return
+0.05%
1 Year Est. Return
-3.53%
3 Year Est. Return
+0.12%
5 Year Est. Return
+3.19%
10 Year Est. Return
–
AUM
$149M
AUM Growth
-$12.4M
Cap. Flow
-$12.4M
Cap. Flow %
-8.28%
Top 10 Hldgs %
100%
Holding
11
New
–
Increased
1
Reduced
4
Closed
1

Top Buys

Rank Stock Value
1
RBS.PRT
ROYAL BANK OF SCOTLAND GRP PLS (THE) SPONS ADR REPSTG PFD
RBS.PRT
+$901K

Top Sells

Rank Stock Value
1
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$6.49M
2
KEY.PRG
KeyCorp Pfd
KEY.PRG
+$3.37M
3
BCS.PRD.CL
Barclays Bank Plc
BCS.PRD.CL
+$1.7M
4
BCS.PRC
BARCLAYS BK PLC SPONSORED ADS SER 4 PREF SHS (UK)
BCS.PRC
+$863K
5
CIT
CIT Group Inc.
CIT
+$835K

Sector Composition

Rank Sector Weight
1 Miscellaneous 94.43%
2 Financials 4.19%
3 Utilities 1.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BCS.PRD.CL
1
DELISTED
Barclays Bank Plc
BCS.PRD.CL
$50.6M 33.92%
1,994,094
-66,673
-3% -$1.7M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.52B
$28.9M 19.38%
26,038
-5,755
-18% -$6.49M
RBS.PRT
3
DELISTED
ROYAL BANK OF SCOTLAND GRP PLS (THE) SPONS ADR REPSTG PFD
RBS.PRT
$25.6M 17.16%
1,066,167
+37,424
+4% +$901K
BCS.PRA.CL
4
DELISTED
Barclays Bank Plc Series 3
BCS.PRA.CL
$25M 16.78%
994,502
– –
CIT
5
DELISTED
CIT Group Inc.
CIT
$6.25M 4.19%
119,960
-16,800
-12% -$835K
BCS.PRC
6
DELISTED
BARCLAYS BK PLC SPONSORED ADS SER 4 PREF SHS (UK)
BCS.PRC
$4.21M 2.83%
166,310
-34,040
-17% -$863K
RBS.PRS.CL
7
DELISTED
The Royal Bank Of Scotland Group
RBS.PRS.CL
$2.89M 1.94%
134,400
– –
CWH.PRE
8
DELISTED
COMMONWEALTH REIT CUM RED PFD SER E (MD)
CWH.PRE
$2.31M 1.55%
106,157
– –
EXC icon
9
Exelon
EXC
$45B
$2.05M 1.38%
105,150
– –
RBS.PRM
10
DELISTED
ROYAL BK SCOTLAND PLC SPONS ADR SER M REPSTG (UK)
RBS.PRM
$1.3M 0.87%
62,000
– –
KEY.PRG
11
DELISTED
KeyCorp Pfd
KEY.PRG
– –
-26,990
Closed -$3.37M

Similar funds

WFC
West Face Capital Toronto, Ontario, Canada $16.6M AUM 18.79% 1-Year Est. Return
FHAM
Folger Hill Asset Management New York $16.5M AUM 19.96% 1-Year Est. Return
EMC
EIG Management Company Washington D.c., District of Columbia $15.4M AUM 75.32% 1-Year Est. Return
PAM
PT Asset Management Chicago, Illinois $13.7M AUM 9.34% 1-Year Est. Return
SAM
Solaris Asset Management New York $12.8M AUM 28.06% 1-Year Est. Return
IP
Ironsides Partners Boston, Massachusetts $27.7M AUM 1.11% 1-Year Est. Return
PI
Pharmstandard International Luxembourg $29M AUM 3.25% 1-Year Est. Return
CIG
Candlewood Investment Group Rye, New York $10.1M AUM 30% 1-Year Est. Return

Flaherty & Crumrine's Q4 2013 Portfolio in Review

As of Q4 2013, Flaherty & Crumrine held 11 positions worth $149M, down 7.7% from $162M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Flaherty & Crumrine withdrew a net $12.4M in Q4 2013, closing 1 position and reducing 4 holdings. Its most notable exit was KeyCorp Pfd, an estimated $3.37M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, down from 94% a quarter earlier, followed by Financials and Utilities.

Against the trend, Flaherty & Crumrine added an estimated $901K to ROYAL BANK OF SCOTLAND GRP PLS (THE) SPONS ADR REPSTG PFD.

  • Flaherty & Crumrine added most to ROYAL BANK OF SCOTLAND GRP PLS (THE) SPONS ADR REPSTG PFD in Q4 2013, an estimated $901K increase.
  • Flaherty & Crumrine's biggest Q4 2013 reduction was Wells Fargo 7.5% Non Cumv Perp Conv, cutting an estimated $6.49M.
  • Flaherty & Crumrine fully exited KeyCorp Pfd in Q4 2013, selling an estimated $3.37M.
  • Flaherty & Crumrine's ten largest holdings make up 100% of its $149M portfolio in Q4 2013.
  • Flaherty & Crumrine opened 0 new positions and closed 1 in Q4 2013.
  • Flaherty & Crumrine's portfolio value fell 7.7% quarter-over-quarter to $149M.

Based on Flaherty & Crumrine's 13F filing for Q4 2013, filed 14 Feb 2014.