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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
+6.81%
1 Year Est. Return
-3.53%
3 Year Est. Return
+0.12%
5 Year Est. Return
+3.19%
10 Year Est. Return
–
AUM
$74.4M
AUM Growth
-$36M
Cap. Flow
-$59.8M
Cap. Flow %
-80.38%
Top 10 Hldgs %
100%
Holding
10
New
–
Increased
–
Reduced
2
Closed
2

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
RBS.PRT
ROYAL BANK OF SCOTLAND GRP PLS (THE) SPONS ADR REPSTG PFD
RBS.PRT
+$30M
2
BCS.PRD.CL
Barclays Bank Plc
BCS.PRD.CL
+$5.6M
3
BCS.PRA.CL
Barclays Bank Plc Series 3
BCS.PRA.CL
+$3.62M
4
RBS.PRS.CL
The Royal Bank Of Scotland Group
RBS.PRS.CL
+$1.95M

Sector Composition

Rank Sector Weight
1 Energy 24.62%
2 Financials 5.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KMI icon
1
Kinder Morgan
KMI
$71.9B
$18.3M 24.62%
792,300
– –
BCS.PRA.CL
2
DELISTED
Barclays Bank Plc Series 3
BCS.PRA.CL
$13.4M 18.07%
522,174
-140,176
-21% -$3.62M
BCS.PRD.CL
3
DELISTED
Barclays Bank Plc
BCS.PRD.CL
$12M 16.18%
462,524
-214,000
-32% -$5.6M
KMI.PRA
4
DELISTED
Kinder Morgan, Inc.
KMI.PRA
$6.79M 9.12%
135,000
– –
CIT
5
DELISTED
CIT Group Inc.
CIT
$3.19M 4.29%
87,960
– –
COOP
6
DELISTED
Mr. Cooper
COOP
$913K 1.23%
32,663
– –
RBS.PRF.CL
7
DELISTED
Royal Bk Of Scotland Gp
RBS.PRF.CL
$218K 0.29%
8,400
– –
RBS.PRS.CL
8
DELISTED
The Royal Bank Of Scotland Group
RBS.PRS.CL
– –
-78,000
Closed -$1.95M
RBS.PRT
9
DELISTED
ROYAL BANK OF SCOTLAND GRP PLS (THE) SPONS ADR REPSTG PFD
RBS.PRT
– –
-1,189,419
Closed -$30M

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Flaherty & Crumrine's Q3 2016 Portfolio in Review

As of Q3 2016, Flaherty & Crumrine held 10 positions worth $74.4M, down 33% from $110M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Flaherty & Crumrine withdrew a net $59.8M in Q3 2016, closing 2 positions and reducing 2 holdings. Its most notable exit was ROYAL BANK OF SCOTLAND GRP PLS (THE) SPONS ADR REPSTG PFD, an estimated $30M position sold in full.

By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 13% a quarter earlier, followed by Financials.

  • Flaherty & Crumrine's biggest Q3 2016 reduction was Barclays Bank Plc, cutting an estimated $5.6M.
  • Flaherty & Crumrine fully exited ROYAL BANK OF SCOTLAND GRP PLS (THE) SPONS ADR REPSTG PFD in Q3 2016, selling an estimated $30M.
  • Flaherty & Crumrine's ten largest holdings make up 100% of its $74.4M portfolio in Q3 2016.
  • Flaherty & Crumrine opened 0 new positions and closed 2 in Q3 2016.
  • Flaherty & Crumrine's portfolio value fell 33% quarter-over-quarter to $74.4M.

Based on Flaherty & Crumrine's 13F filing for Q3 2016, filed 14 Nov 2016.