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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

36 hedge funds and large institutions have $47.3M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2013 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,050% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 2

200% more capital invested

Capital invested by funds: $15.7M → $47.3M (+$31.5M)

125% more funds holding

Funds holding: 16 → 36 (+20)

125% more repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 4

7.92% more ownership

Funds ownership: 4.1% → 12.02% (+7.9%)

Holders
36
Holders Change
+20
Holders Change %
+125%
% of All Funds
1.04%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
9
Reduced
4
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
OA
Oxbow Advisors
Texas
+$6.48M
2
MIG
Mariner Investment Group
New York
+$6.1M
3
SIA
Sit Investment Associates
Minnesota
+$4.84M
4
RVP
Relative Value Partners
Illinois
+$4.11M
5
Wells Fargo
Wells Fargo
California
+$1.59M

Top Sellers

1
RJA
Raymond James & Associates
Florida
-$641K
2
PFS
Prospera Financial Services
Texas
-$205K
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$50.9K
4
PNC
Park National Corp
Ohio
-$20.4K
5
Creative Planning
Creative Planning
Kansas
-$4K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$138K +$137K +6,746 New
BRWA
27
B. Riley Wealth Advisors
Florida
$133K +$20.4K +1,000 +18%
Deutsche Bank
28
Deutsche Bank
Germany
$123K +$122K +6,000 New
TJHA
29
Thomas J. Herzfeld Advisors
Florida
$95K +$94.3K +4,631 New
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$82K +$20.4K +1,000 +33%
Bank of Montreal
31
Bank of Montreal
Ontario, Canada
$57K -$50.9K -2,500 -47%
LTFS
32
Ladenburg Thalmann Financial Services
Florida
$49K +$48.9K +2,400 New
Ameriprise
33
Ameriprise
Minnesota
$17K +$16.4K +804 New
Citigroup
34
Citigroup
New York
$13K +$13.8K +679 New
MA
35
MUFG Americas
New York
$1K +$672 +33 New
PFS
36
Prospera Financial Services
Texas
– -$205K -9,666 Closed
Creative Planning
37
Creative Planning
Kansas
– -$4K -200 Closed
Bank of America
38
Bank of America
North Carolina
– +$61 +3 New
1
2

DFP Hedge Fund Activity: Q4 2013 in Review

36 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2013, worth a combined $47.3M — up 200% from $15.7M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new DFP positions and 2 closed out — a net gain of 21 holders — while 9 added to existing stakes and 4 trimmed.

The largest buyer was Oxbow Advisors, adding an estimated $6.48M. The largest seller was Raymond James & Associates, cutting an estimated $641K.

  • 36 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2013, up from 16 in Q3 2013.
  • Funds reported $47.3M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2013, up 200% quarter-over-quarter.
  • 23 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2013 and 2 closed out, a net change of +21 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2013 was Oxbow Advisors, an estimated $6.48M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2013 was Raymond James & Associates, an estimated $641K sold.

Based on aggregated 13F filings for Q4 2013.