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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund

52 hedge funds and large institutions have $53.2M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

8% more funds holding

Funds holding: 4852 (+4)

0.25% more ownership

Funds ownership: 13.36%13.61% (+0.25%)

6% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 18

11% less capital invested

Capital invested by funds: $59.4M → $53.2M (-$6.24M)

Holders
52
Holders Change
+4
Holders Change %
+8.33%
% of All Funds
1.16%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
9
Increased
17
Reduced
18
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SFS
26
Shaker Financial Services
Virginia
$374K +$393K +18,337 New
RJT
27
Raymond James Trust
Florida
$357K -$5.96K -278 -2%
BW
28
Bison Wealth
Georgia
$334K +$21 +1 +0%
MFG
29
Merit Financial Group
Georgia
$328K +$3.6K +168 +1%
LCM
30
Landscape Capital Management
New Jersey
$320K +$337K +15,727 New
AF
31
Advisornet Financial
Minnesota
$288K +$51.5K +2,400 +20%
CSPIA
32
Cary Street Partners Investment Advisory
Virginia
$279K +$294K +13,700 New
Bank of America
33
Bank of America
North Carolina
$270K +$180K +8,374 +172%
MWM
34
Meridian Wealth Management
Kentucky
$268K -$221K -10,284 -44%
Fiera Capital (Canada)
35
Fiera Capital (Canada)
Quebec, Canada
$268K +$15.7K +731 +6%
ARG
36
Advisory Resource Group
Oklahoma
$217K +$229K +10,661 New
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$207K
TJHA
38
Thomas J. Herzfeld Advisors
Florida
$144K +$151K +7,062 New
SWM
39
SeaCrest Wealth Management
New York
$114K
NFG
40
Next Financial Group
Texas
$65K +$32.2K +1,500 +90%
GWM
41
Geneos Wealth Management
Colorado
$49K
FHB
42
First Hawaiian Bank
Hawaii
$47K
FMP
43
Financial Management Professionals
Texas
$44K
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$38K +$17.8K +832 +82%
AG
45
Advisor Group
Arizona
$37K +$12.1K +565 +45%
AIM
46
Advantage Investment Management
Iowa
$33K
APA
47
American Portfolios Advisors
New York
$31.2K +$21.6K +1,006 +192%
PFGIA
48
Patriot Financial Group Insurance Agency
Massachusetts
$31K
SQA
49
Simon Quick Advisors
New Jersey
$22K +$22.9K +1,066 New
Citigroup
50
Citigroup
New York
$20K -$33.3K -1,555 -61%

DFP Hedge Fund Activity: Q4 2018 in Review

52 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2018, worth a combined $53.2M — down 11% from $59.4M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new DFP positions and 5 closed out — a net gain of 4 holders — while 17 added to existing stakes and 18 trimmed.

The largest buyer was Wolverine Asset Management, adding an estimated $1.46M. The largest seller was Lucia Wealth Services, cutting an estimated $1.91M.

  • 52 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2018, up from 48 in Q3 2018.
  • Funds reported $53.2M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2018, down 11% quarter-over-quarter.
  • 9 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2018 and 5 closed out, a net change of +4 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2018 was Wolverine Asset Management, an estimated $1.46M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2018 was Lucia Wealth Services, an estimated $1.91M sold.

Based on aggregated 13F filings for Q4 2018.