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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

45 hedge funds and large institutions have $48.3M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2017 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 11

63% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 8

13% more funds holding

Funds holding: 40 → 45 (+5)

6% more capital invested

Capital invested by funds: $45.4M → $48.3M (+$2.95M)

0.52% more ownership

Funds ownership: 8.93% → 9.45% (+0.52%)

Holders
45
Holders Change
+5
Holders Change %
+12.5%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
19
Reduced
11
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LTFS
Ladenburg Thalmann Financial Services
Florida
+$2.04M
2
Ameriprise
Ameriprise
Minnesota
+$521K
3
MML Investors Services
MML Investors Services
Massachusetts
+$498K
4
Millennium Management
Millennium Management
New York
+$386K
5
Wells Fargo
Wells Fargo
California
+$339K

Top Sellers

1
RJFSA
Raymond James Financial Services Advisors
Florida
-$3.35M
2
GC
Guggenheim Capital
Illinois
-$1.1M
3
SI
SII Investments
Wisconsin
-$886K
4
Invesco
Invesco
Georgia
-$617K
5
PAG
Private Advisor Group
New Jersey
-$355K
Name Holding Trade Value Shares
Change 		Change in
Stake
CF
26
Centaurus Financial
California
$308K +$306K +11,559 New
PNC Financial Services Group
27
PNC Financial Services Group
Pennsylvania
$305K +$106 +4 +0%
Bank of America
28
Bank of America
North Carolina
$295K +$227K +8,568 +344%
BBA
29
BLB&B Advisors
Pennsylvania
$260K +$259K +9,766 New
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$257K +$46.1K +1,739 +22%
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$179K -$311K -11,730 -64%
SWM
32
SeaCrest Wealth Management
New York
$160K +$159K +5,989 New
CIBC Private Wealth Group
33
CIBC Private Wealth Group
Georgia
$110K +$109K +4,120 New
AG
34
Advisor Group
Arizona
$102K +$44.9K +1,694 +80%
PFGIA
35
Patriot Financial Group Insurance Agency
Massachusetts
$53K – – –
Manulife (Manufacturers Life Insurance)
36
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$38K +$1.59K +60 +4%
SWP
37
Stratos Wealth Partners
Ohio
$34K -$297K -11,193 -90%
Citigroup
38
Citigroup
New York
$27K – – –
AF
39
Advisornet Financial
Minnesota
$27K +$26.5K +1,000 New
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$26K +$424 +16 +2%
RFC
41
Regions Financial Corp
Alabama
$16K +$15.9K +600 New
Fifth Third Bancorp
42
Fifth Third Bancorp
Ohio
$13K +$13.3K +500 New
CA
43
Calton & Associates
Florida
$12K +$12.5K +473 New
APA
44
American Portfolios Advisors
New York
$8.19K +$8.14K +307 New
PA
45
Parallel Advisors
California
$5K -$1.38K -52 -23%
RJFSA
46
Raymond James Financial Services Advisors
Florida
– -$3.35M -126,593 Closed
SI
47
SII Investments
Wisconsin
– -$886K -33,571 Closed
PAG
48
Private Advisor Group
New Jersey
– -$355K -13,481 Closed
PAS
49
Partnervest Advisory Services
California
– -$315K -11,874 Closed
BIAS
50
Beacon Investment Advisory Services
New Jersey
– -$231K -8,713 Closed
1
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DFP Hedge Fund Activity: Q4 2017 in Review

45 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2017, worth a combined $48.3M — up 6.5% from $45.4M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new DFP positions and 8 closed out — a net gain of 5 holders — while 19 added to existing stakes and 11 trimmed.

The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $2.04M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $3.35M sold.

  • 45 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2017, up from 40 in Q3 2017.
  • Funds reported $48.3M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2017, up 6.5% quarter-over-quarter.
  • 13 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2017 and 8 closed out, a net change of +5 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2017 was Ladenburg Thalmann Financial Services, an estimated $2.04M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2017 was Raymond James Financial Services Advisors, an estimated $3.35M sold.

Based on aggregated 13F filings for Q4 2017.