Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
38 hedge funds and large institutions have $52.2M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
3% more funds holding
Funds holding: 37 → 38 (+1)
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
1.38% less ownership
Funds ownership: 12.22% → 10.83% (-1.4%)
8% less capital invested
Capital invested by funds: $56.8M → $52.2M (-$4.6M)
Top Buyers
Top Sellers
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$4.81M |
| 2 |
Cohen & Steers
New York
|
-$2.69M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$627K |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
-$532K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$471K |
DFP Hedge Fund Activity: Q3 2016 in Review
38 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q3 2016, worth a combined $52.2M — down 8.1% from $56.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new DFP positions and 7 closed out — a net gain of 1 holder — while 11 added to existing stakes and 12 trimmed.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $2.27M. The largest seller was McGowan Group Asset Management, exiting entirely with an estimated $4.81M sold.
- 38 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q3 2016, up from 37 in Q2 2016.
- Funds reported $52.2M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q3 2016, down 8.1% quarter-over-quarter.
- 8 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q3 2016 and 7 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q3 2016 was Envestnet Asset Management, an estimated $2.27M added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q3 2016 was McGowan Group Asset Management, an estimated $4.81M sold.
Based on aggregated 13F filings for Q3 2016.