We are live on ! Find out more
DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

33 hedge funds and large institutions have $48.7M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 11

3% more capital invested

Capital invested by funds: $47.3M → $48.7M (+$1.47M)

0.3% less ownership

Funds ownership: 12.02% → 11.71% (-0.3%)

8% less funds holding

Funds holding: 36 → 33 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
33
Holders Change
-3
Holders Change %
-8.33%
% of All Funds
0.95%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
14
Reduced
11
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Invesco
Invesco
Georgia
+$2.97M
2
KFS
KMS Financial Services
Washington
+$1.29M
3
OA
Oxbow Advisors
Texas
+$1.16M
4
PFS
Prospera Financial Services
Texas
+$939K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$912K

Top Sellers

1
SIA
Sit Investment Associates
Minnesota
-$4.88M
2
VKH
Virtu KCG Holdings
New York
-$1.47M
3
SCM
Saba Capital Management
New York
-$1.44M
4
RVP
Relative Value Partners
Illinois
-$937K
5
CCM
Covington Capital Management
California
-$575K
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
26
Thomas J. Herzfeld Advisors
Florida
$140K +$38.4K +1,800 +39%
Deutsche Bank
27
Deutsche Bank
Germany
$130K – – –
BRWA
28
B. Riley Wealth Advisors
Florida
$119K -$21.4K -1,000 -15%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$87K – – –
Citigroup
30
Citigroup
New York
$14K -$619 -29 -4%
Fifth Third Bancorp
31
Fifth Third Bancorp
Ohio
$11K +$10.7K +500 New
TRCT
32
Tower Research Capital (TRC)
New York
$4K +$4.27K +200 New
MA
33
MUFG Americas
New York
$1K – – –
SIA
34
Sit Investment Associates
Minnesota
– -$4.88M -237,927 Closed
VKH
35
Virtu KCG Holdings
New York
– -$1.47M -71,682 Closed
CCM
36
Covington Capital Management
California
– -$575K -28,000 Closed
SFS
37
Shaker Financial Services
Virginia
– -$400K -19,500 Closed
CAS
38
CTC Alternative Strategies
Illinois
– -$202K -9,820 Closed
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
– -$57K -2,800 Closed
Ameriprise
40
Ameriprise
Minnesota
– -$17K -804 Closed
1
2

DFP Hedge Fund Activity: Q1 2014 in Review

33 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q1 2014, worth a combined $48.7M — up 3.1% from $47.3M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of DFP and 5 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 14 added.

The largest buyer was Invesco, adding an estimated $2.97M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $4.88M sold.

  • 33 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q1 2014, down from 36 in Q4 2013.
  • Funds reported $48.7M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q1 2014, up 3.1% quarter-over-quarter.
  • 5 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q1 2014 and 8 closed out, a net change of -3 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q1 2014 was Invesco, an estimated $2.97M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q1 2014 was Sit Investment Associates, an estimated $4.88M sold.

Based on aggregated 13F filings for Q1 2014.