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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

42 hedge funds and large institutions have $48.1M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 13

0% more funds holding

Funds holding: 42 → 42 (0)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

0.92% less ownership

Funds ownership: 10.46% → 9.53% (-0.92%)

2% less capital invested

Capital invested by funds: $49.2M → $48.1M (-$1.12M)

Holders
42
Holders Change
–
Holders Change %
0%
% 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
20
Reduced
13
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GC
Guggenheim Capital
Illinois
+$1.2M
2
PPA
Parametric Portfolio Associates
Washington
+$388K
3
Millennium Management
Millennium Management
New York
+$284K
4
RJA
Raymond James & Associates
Florida
+$243K
5
Ameriprise
Ameriprise
Minnesota
+$208K

Top Sellers

1
OA
Oxbow Advisors
Texas
-$2.85M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.1M
3
First Trust Advisors
First Trust Advisors
Illinois
-$994K
4
LPL Financial
LPL Financial
California
-$920K
5
Cohen & Steers
Cohen & Steers
New York
-$912K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAS
26
Partnervest Advisory Services
California
$294K -$9.92K -390 -3%
Millennium Management
27
Millennium Management
New York
$294K +$284K +11,177 New
UBS Group
28
UBS Group
Switzerland
$219K +$2.29K +90 +1%
Ameriprise
29
Ameriprise
Minnesota
$209K +$208K +8,160 New
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$204K +$197K +7,744 New
PFS
31
Prospera Financial Services
Texas
$203K +$196K +7,700 New
WA
32
WFG Advisors
Texas
$113K +$52.1K +2,047 +91%
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$90K +$64K +2,517 +278%
AG
34
Advisor Group
Arizona
$55K -$2.92K -115 -5%
Bank of America
35
Bank of America
North Carolina
$54K – – –
PFGIA
36
Patriot Financial Group Insurance Agency
Massachusetts
$53K +$19.1K +750 +60%
NFG
37
Next Financial Group
Texas
$44K +$19.7K +775 +86%
Manulife (Manufacturers Life Insurance)
38
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$29K +$9.03K +355 +48%
BBHC
39
Brown Brothers Harriman & Co
New York
$26K – – –
Citigroup
40
Citigroup
New York
$26K +$25.4K +1,000 New
PCM
41
Penserra Capital Management
California
$13K +$1.15K +45 +10%
PA
42
Parallel Advisors
California
$6K +$76 +3 +1%
First Trust Advisors
43
First Trust Advisors
Illinois
– -$994K -40,540 Closed
YMRC
44
Yorktown Management & Research Company
Virginia
– -$491K -20,000 Closed
STMM
45
South Texas Money Management
Texas
– -$257K -10,460 Closed
DA
46
Doliver Advisors
Texas
– -$237K -9,680 Closed
WP
47
WealthPLAN Partners
Nebraska
– -$24.6K -1,000 Closed
1
2

DFP Hedge Fund Activity: Q2 2017 in Review

42 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q2 2017, worth a combined $48.1M — down 2.3% from $49.2M a quarter earlier.

Fund positioning in DFP was balanced in Q2 2017: 6 funds opened new positions, 6 closed out, 20 added to existing stakes and 13 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $1.2M. The largest seller was Oxbow Advisors, cutting an estimated $2.85M.

  • 42 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q2 2017, unchanged from Q1 2017.
  • Funds reported $48.1M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2017, down 2.3% quarter-over-quarter.
  • 6 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q2 2017 and 6 closed out, a net change of 0 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q2 2017 was Guggenheim Capital, an estimated $1.2M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q2 2017 was Oxbow Advisors, an estimated $2.85M sold.

Based on aggregated 13F filings for Q2 2017.