Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
32 hedge funds and large institutions have $54.6M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 16 increasing their positions, 7 reducing their positions, and 6 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 7
2% more capital invested
Capital invested by funds: $53.5M → $54.6M (+$1.08M)
0.75% more ownership
Funds ownership: 11.86% → 12.61% (+0.75%)
11% less funds holding
Funds holding: 36 → 32 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| 1 |
Invesco
Atlanta,
Georgia
|
+$3.21M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.25M |
| 3 |
LPL Financial
San Diego,
California
|
+$986K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$935K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$485K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $105K | +$94.2K | +4,138 | +828% |
|
27
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $90K | – | – | – |
|
28
Creative Planning
Overland Park,
Kansas
| $88K | +$88.8K | +3,900 | New |
|
|
MFS
29
MSI Financial Services
Springfield,
Massachusetts
| $27K | – | – | – |
|
30
AllianceBernstein
Nashville,
Tennessee
| $25K | – | – | – |
|
|
MA
31
MUFG Americas
New York
| $1K | – | – | – |
|
|
KFS
32
KMS Financial Services
Seattle,
Washington
| – | -$2.49M | -105,689 | Closed |
|
|
EML
33
Eos Management LP
New York
| – | -$1.35M | -57,389 | Closed |
|
|
FAAS
34
First Allied Advisory Services
San Diego,
California
| – | -$847K | -35,900 | Closed |
|
|
BRWA
35
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$130K | -5,500 | Closed |
|
|
HR
36
Howe & Rusling
Rochester,
New York
| – | -$24K | -1,014 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$16K | -674 | Closed |
|
38
Citigroup
New York
| – | -$14.5K | -636 | -98% |
|
DFP Hedge Fund Activity: Q3 2014 in Review
32 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q3 2014, worth a combined $54.6M — up 2% from $53.5M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DFP and 2 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 16 added.
The largest buyer was Invesco, adding an estimated $3.21M. The largest seller was KMS Financial Services, exiting entirely with an estimated $2.49M sold.
- 32 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q3 2014, down from 36 in Q2 2014.
- Funds reported $54.6M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q3 2014, up 2% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q3 2014 and 6 closed out, a net change of -4 holders.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q3 2014 was Invesco, an estimated $3.21M added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q3 2014 was KMS Financial Services, an estimated $2.49M sold.
Based on aggregated 13F filings for Q3 2014.