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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

42 hedge funds and large institutions have $49.2M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

0.67% less ownership

Funds ownership: 11.13% → 10.46% (-0.67%)

3% less capital invested

Capital invested by funds: $50.7M → $49.2M (-$1.54M)

2% less funds holding

Funds holding: 43 → 42 (-1)

33% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 18

Holders
42
Holders Change
-1
Holders Change %
-2.33%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
12
Reduced
18
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Cohen & Steers
Cohen & Steers
New York
+$870K
2
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$405K
3
STMM
South Texas Money Management
Texas
+$256K
4
MWM
Meridian Wealth Management
Kentucky
+$246K
5
DA
Doliver Advisors
Texas
+$237K

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$2.04M
2
OA
Oxbow Advisors
Texas
-$632K
3
GC
Guggenheim Capital
Illinois
-$537K
4
COLIM
City of London Investment Management
United Kingdom
-$437K
5
Invesco
Invesco
Georgia
-$367K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
26
PNC Financial Services Group
Pennsylvania
$281K +$98 +4 +0%
STMM
27
South Texas Money Management
Texas
$257K +$256K +10,460 New
Stifel Financial
28
Stifel Financial
Missouri
$238K -$27.1K -1,106 -10%
DA
29
Doliver Advisors
Texas
$237K +$237K +9,680 New
UBS Group
30
UBS Group
Switzerland
$202K -$2.04M -83,494 -91%
AG
31
Advisor Group
Arizona
$55K -$41.4K -1,691 -43%
WA
32
WFG Advisors
Texas
$55K -$19.6K -800 -26%
Bank of America
33
Bank of America
North Carolina
$50K – – –
PFGIA
34
Patriot Financial Group Insurance Agency
Massachusetts
$31K +$30.6K +1,250 New
BBHC
35
Brown Brothers Harriman & Co
New York
$25K – – –
WP
36
WealthPLAN Partners
Nebraska
$24.6K +$24.5K +1,000 New
NFG
37
Next Financial Group
Texas
$23K -$10.4K -425 -32%
Northwestern Mutual Wealth Management
38
Northwestern Mutual Wealth Management
Wisconsin
$22K +$147 +6 +0.7%
Manulife (Manufacturers Life Insurance)
39
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$18K +$9.43K +385 +110%
PCM
40
Penserra Capital Management
California
$11K +$3.6K +147 +47%
PA
41
Parallel Advisors
California
$6K +$5.48K +224 New
COLIM
42
City of London Investment Management
United Kingdom
– -$437K -18,418 Closed
WAM
43
Weiss Asset Management
Massachusetts
– -$281K -11,820 Closed
Squarepoint
44
Squarepoint
New York
– -$219K -9,200 Closed
Citigroup
45
Citigroup
New York
– -$84K -3,540 Closed
GI
46
Gradient Investments
Minnesota
– -$27K -1,118 Closed
Creative Planning
47
Creative Planning
Kansas
– -$2K -100 Closed
1
2

DFP Hedge Fund Activity: Q1 2017 in Review

42 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q1 2017, worth a combined $49.2M — down 3% from $50.7M a quarter earlier.

Fund positioning in DFP was balanced in Q1 2017: 6 funds opened new positions, 6 closed out, 12 added to existing stakes and 18 trimmed.

The largest buyer was Cohen & Steers, adding an estimated $870K. The largest seller was UBS Group, cutting an estimated $2.04M.

  • 42 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q1 2017, down from 43 in Q4 2016.
  • Funds reported $49.2M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q1 2017, down 3% quarter-over-quarter.
  • 6 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q1 2017 and 6 closed out, a net change of 0 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q1 2017 was Cohen & Steers, an estimated $870K added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q1 2017 was UBS Group, an estimated $2.04M sold.

Based on aggregated 13F filings for Q1 2017.