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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund

54 hedge funds and large institutions have $60.8M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2019 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

14% more capital invested

Capital invested by funds: $53.2M → $60.8M (+$7.61M)

11% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 18

4% more funds holding

Funds holding: 5254 (+2)

0.26% less ownership

Funds ownership: 13.61%13.34% (-0.26%)

Holders
54
Holders Change
+2
Holders Change %
+3.85%
% of All Funds
1.17%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
10
Increased
20
Reduced
18
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
MFG
26
Merit Financial Group
Georgia
$387K +$3.48K +152 +0.9%
MWM
27
Meridian Wealth Management
Kentucky
$362K +$47.5K +2,078 +16%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$357K +$344K +15,050 New
AF
29
Advisornet Financial
Minnesota
$348K +$11.4K +500 +4%
Fiera Capital (Canada)
30
Fiera Capital (Canada)
Quebec, Canada
$248K -$61.9K -2,704 -21%
PNC Financial Services Group
31
PNC Financial Services Group
Pennsylvania
$242K
GSWM
32
Golden State Wealth Management
California
$235K +$226K +9,884 New
Bank of America
33
Bank of America
North Carolina
$194K -$116K -5,086 -38%
CFB
34
Cullen/Frost Bankers
Texas
$126K +$121K +5,290 New
SMFS
35
Squar Milner Financial Services
California
$123K +$119K +5,200 New
AG
36
Advisor Group
Arizona
$92K +$46K +2,011 +111%
SWM
37
SeaCrest Wealth Management
New York
$87K -$44.6K -1,951 -35%
GWM
38
Geneos Wealth Management
Colorado
$58K
Fifth Third Bancorp
39
Fifth Third Bancorp
Ohio
$58K +$55.8K +2,440 New
FHB
40
First Hawaiian Bank
Hawaii
$55K
FMP
41
Financial Management Professionals
Texas
$51K
Citigroup
42
Citigroup
New York
$48K +$23.5K +1,029 +103%
Carson Wealth (CWM LLC)
43
Carson Wealth (CWM LLC)
Nebraska
$45K +$35.4K +1,545 New
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$44K +$435 +19 +1%
NFG
45
Next Financial Group
Texas
$40K -$34.3K -1,500 -47%
NFH
46
NEXT Financial Holdings
Texas
$40K +$38.3K +1,675 New
AIM
47
Advantage Investment Management
Iowa
$38K -$572 -25 -2%
PFGIA
48
Patriot Financial Group Insurance Agency
Massachusetts
$36K
CF
49
Centaurus Financial
California
$29.1K -$2.81K -123 -15%
TJHA
50
Thomas J. Herzfeld Advisors
Florida
$19K -$143K -6,261 -89%

DFP Hedge Fund Activity: Q1 2019 in Review

54 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q1 2019, worth a combined $60.8M — up 14% from $53.2M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new DFP positions and 7 closed out — a net gain of 3 holders — while 20 added to existing stakes and 18 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $998K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.43M sold.

  • 54 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q1 2019, up from 52 in Q4 2018.
  • Funds reported $60.8M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q1 2019, up 14% quarter-over-quarter.
  • 10 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q1 2019 and 7 closed out, a net change of +3 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q1 2019 was Raymond James & Associates, an estimated $998K added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q1 2019 was Wolverine Asset Management, an estimated $1.43M sold.

Based on aggregated 13F filings for Q1 2019.