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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

35 hedge funds and large institutions have $61.3M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $55.8M → $61.3M (+$5.52M)

1.25% more ownership

Funds ownership: 13.05% → 14.3% (+1.3%)

0% more funds holding

Funds holding: 35 → 35 (0)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

0% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 11

Holders
35
Holders Change
–
Holders Change %
0%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
11
Reduced
11
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MGAM
McGowan Group Asset Management
Texas
+$6.57M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$1.88M
3
OA
Oxbow Advisors
Texas
+$780K
4
Cohen & Steers
Cohen & Steers
New York
+$554K
5
PPA
Parametric Portfolio Associates
Washington
+$478K

Top Sellers

1
Invesco
Invesco
Georgia
-$1.37M
2
VKH
Virtu KCG Holdings
New York
-$1.11M
3
COLIM
City of London Investment Management
United Kingdom
-$866K
4
Wells Fargo
Wells Fargo
California
-$854K
5
WAM
Wolverine Asset Management
Illinois
-$330K
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$111K – – –
Bank of America
27
Bank of America
North Carolina
$93K -$16.5K -740 -15%
AIM
28
Advantage Investment Management
Iowa
$65K +$64.5K +2,900 New
Bank of Montreal
29
Bank of Montreal
Ontario, Canada
$60K – – –
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$34K +$89 +4 +0.3%
MFS
31
MSI Financial Services
Massachusetts
$27K – – –
Citigroup
32
Citigroup
New York
$23K +$9.79K +440 +73%
Creative Planning
33
Creative Planning
Kansas
$18K +$17.8K +800 New
Northwestern Mutual Wealth Management
34
Northwestern Mutual Wealth Management
Wisconsin
$9K +$8.9K +400 New
NFG
35
Next Financial Group
Texas
$6K – – –
VKH
36
Virtu KCG Holdings
New York
– -$1.11M -49,862 Closed
COLIM
37
City of London Investment Management
United Kingdom
– -$866K -38,903 Closed
WAM
38
Wolverine Asset Management
Illinois
– -$330K -14,824 Closed
JP Morgan Chase
39
JP Morgan Chase
New York
– -$281K -12,600 Closed
LCM
40
Landscape Capital Management
New Jersey
– -$233K -10,423 Closed
PFS
41
Prospera Financial Services
Texas
– -$217K -9,719 Closed
1
2

DFP Hedge Fund Activity: Q3 2015 in Review

35 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q3 2015, worth a combined $61.3M — up 9.9% from $55.8M a quarter earlier.

Fund positioning in DFP was balanced in Q3 2015: 6 funds opened new positions, 6 closed out, 11 added to existing stakes and 11 trimmed.

The largest buyer was McGowan Group Asset Management, opening a new position worth an estimated $6.57M. The largest seller was Invesco, cutting an estimated $1.37M.

  • 35 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q3 2015, unchanged from Q2 2015.
  • Funds reported $61.3M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q3 2015, up 9.9% quarter-over-quarter.
  • 6 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q3 2015 and 6 closed out, a net change of 0 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q3 2015 was McGowan Group Asset Management, an estimated $6.57M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q3 2015 was Invesco, an estimated $1.37M sold.

Based on aggregated 13F filings for Q3 2015.