We are live on ! Find out more
DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

37 hedge funds and large institutions have $68M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more capital invested

Capital invested by funds: $67.5M → $68M (+$430K)

0.3% less ownership

Funds ownership: 15.38% → 15.08% (-0.3%)

3% less funds holding

Funds holding: 38 → 37 (-1)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

27% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 15

Holders
37
Holders Change
-1
Holders Change %
-2.63%
% of All Funds
0.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
11
Reduced
15
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MGAM
McGowan Group Asset Management
Texas
+$1.65M
2
Cohen & Steers
Cohen & Steers
New York
+$1.24M
3
LPL Financial
LPL Financial
California
+$440K
4
RJFSA
Raymond James Financial Services Advisors
Florida
+$410K
5
RJA
Raymond James & Associates
Florida
+$171K

Top Sellers

1
Invesco
Invesco
Georgia
-$2.7M
2
FFA
First Foundation Advisors
California
-$1.39M
3
OA
Oxbow Advisors
Texas
-$691K
4
Wells Fargo
Wells Fargo
California
-$248K
5
First Trust Advisors
First Trust Advisors
Illinois
-$164K
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$117K – – –
WA
27
WFG Advisors
Texas
$72K +$69.5K +3,050 New
Bank of Montreal
28
Bank of Montreal
Ontario, Canada
$64K – – –
AIM
29
Advantage Investment Management
Iowa
$61K – – –
AIG
30
American International Group
New York
$54K +$52.1K +2,283 New
Bank of America
31
Bank of America
North Carolina
$48K -$5.7K -250 -11%
BC
32
Barnett & Company
Tennessee
$47K – – –
MFS
33
MSI Financial Services
Massachusetts
$28K – – –
Creative Planning
34
Creative Planning
Kansas
$27K – – –
FAM
35
Formidable Asset Management
Ohio
$25K – – –
BBHC
36
Brown Brothers Harriman & Co
New York
$24K +$22.8K +1,000 New
NFG
37
Next Financial Group
Texas
$7K – – –
PCM
38
Penserra Capital Management
California
$4 -$319 -14 -6%
TFA
39
Transamerica Financial Advisors
Florida
– -$78K -3,400 Closed
IA
40
IFP Advisors
Florida
– -$27K -1,200 Closed
ASN
41
Advisory Services Network
Georgia
– -$5K -200 Closed
TRCT
42
Tower Research Capital (TRC)
New York
– -$4K -167 Closed
1
2

DFP Hedge Fund Activity: Q1 2016 in Review

37 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q1 2016, worth a combined $68M — up 0.64% from $67.5M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of DFP and 3 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 11 added.

The largest buyer was McGowan Group Asset Management, adding an estimated $1.65M. The largest seller was Invesco, cutting an estimated $2.7M.

  • 37 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q1 2016, down from 38 in Q4 2015.
  • Funds reported $68M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q1 2016, up 0.64% quarter-over-quarter.
  • 3 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q1 2016 and 4 closed out, a net change of -1 holder.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q1 2016 was McGowan Group Asset Management, an estimated $1.65M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q1 2016 was Invesco, an estimated $2.7M sold.

Based on aggregated 13F filings for Q1 2016.