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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

37 hedge funds and large institutions have $56.8M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 11

0% more funds holding

Funds holding: 37 → 37 (0)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

2.86% less ownership

Funds ownership: 15.08% → 12.22% (-2.9%)

16% less capital invested

Capital invested by funds: $68M → $56.8M (-$11.2M)

Holders
37
Holders Change
–
Holders Change %
0%
% of All Funds
0.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
12
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RJA
Raymond James & Associates
Florida
+$577K
2
DA
Doliver Advisors
Texas
+$462K
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$311K
4
AIM
Advantage Investment Management
Iowa
+$275K
5
Morgan Stanley
Morgan Stanley
New York
+$208K

Top Sellers

1
OA
Oxbow Advisors
Texas
-$4.59M
2
MGAM
McGowan Group Asset Management
Texas
-$3.96M
3
LPL Financial
LPL Financial
California
-$3.11M
4
Cohen & Steers
Cohen & Steers
New York
-$2.04M
5
Invesco
Invesco
Georgia
-$650K
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
26
SignalPoint Asset Management
Missouri
$241K +$619 +26 +0.3%
Deutsche Bank
27
Deutsche Bank
Germany
$121K – – –
WA
28
WFG Advisors
Texas
$74K – – –
Bank of America
29
Bank of America
North Carolina
$74K +$24K +1,008 +50%
AG
30
Advisor Group
Arizona
$73K +$72.2K +3,035 New
Bank of Montreal
31
Bank of Montreal
Ontario, Canada
$65K – – –
BC
32
Barnett & Company
Tennessee
$49K – – –
MFS
33
MSI Financial Services
Massachusetts
$29K – – –
BBHC
34
Brown Brothers Harriman & Co
New York
$24K – – –
FNBT
35
FineMark National Bank & Trust
Florida
$22K +$21.4K +900 New
IA
36
IFP Advisors
Florida
$19K +$19K +800 New
NFG
37
Next Financial Group
Texas
$7K – – –
PCM
38
Penserra Capital Management
California
$5K – – –
CW
39
Cobiz Wealth
Colorado
– -$494K -21,000 Closed
AIG
40
American International Group
New York
– -$54K -2,283 Closed
Creative Planning
41
Creative Planning
Kansas
– -$27K -1,158 Closed
FAM
42
Formidable Asset Management
Ohio
– -$25K -1,100 Closed
1
2

DFP Hedge Fund Activity: Q2 2016 in Review

37 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q2 2016, worth a combined $56.8M — down 16% from $68M a quarter earlier.

Fund positioning in DFP was balanced in Q2 2016: 4 funds opened new positions, 4 closed out, 12 added to existing stakes and 11 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $577K. The largest seller was Oxbow Advisors, cutting an estimated $4.59M.

  • 37 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q2 2016, unchanged from Q1 2016.
  • Funds reported $56.8M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2016, down 16% quarter-over-quarter.
  • 4 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q2 2016 and 4 closed out, a net change of 0 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q2 2016 was Raymond James & Associates, an estimated $577K added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q2 2016 was Oxbow Advisors, an estimated $4.59M sold.

Based on aggregated 13F filings for Q2 2016.