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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund

51 hedge funds and large institutions have $65M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 14

7% more capital invested

Capital invested by funds: $60.8M → $65M (+$4.21M)

0.28% more ownership

Funds ownership: 13.34%13.63% (+0.28%)

6% less funds holding

Funds holding: 5451 (-3)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
51
Holders Change
-3
Holders Change %
-5.56%
% of All Funds
1.11%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
23
Reduced
14
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
NFG
26
Next Financial Group
Texas
$436K +$384K +15,750 +940%
MAFM
27
Mid Atlantic Financial Management
Pennsylvania
$421K -$82.8K -3,400 -17%
RJT
28
Raymond James Trust
Florida
$412K
BW
29
Bison Wealth
Georgia
$411K +$49 +2 +0%
AG
30
Advisor Group
Arizona
$374K +$270K +11,105 +290%
AF
31
Advisornet Financial
Minnesota
$367K
Fiera Capital (Canada)
32
Fiera Capital (Canada)
Quebec, Canada
$276K +$14.3K +589 +6%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$254K
GSWM
34
Golden State Wealth Management
California
$249K +$2.19K +90 +0.9%
BBA
35
BLB&B Advisors
Pennsylvania
$208K +$202K +8,293 New
Bank of America
36
Bank of America
North Carolina
$162K -$40.9K -1,681 -21%
Citigroup
37
Citigroup
New York
$157K +$103K +4,225 +208%
SMFS
38
Squar Milner Financial Services
California
$130K
GWM
39
Geneos Wealth Management
Colorado
$61K
FMP
40
Financial Management Professionals
Texas
$54K
Northwestern Mutual Wealth Management
41
Northwestern Mutual Wealth Management
Wisconsin
$47K +$463 +19 +1%
Carson Wealth (CWM LLC)
42
Carson Wealth (CWM LLC)
Nebraska
$45K
PFGIA
43
Patriot Financial Group Insurance Agency
Massachusetts
$37K
AIM
44
Advantage Investment Management
Iowa
$36K -$3.65K -150 -9%
SPIA
45
Steward Partners Investment Advisory
New York
$32K +$31.7K +1,300 New
TJHA
46
Thomas J. Herzfeld Advisors
Florida
$20K +$341 +14 +2%
M
47
MOTCO
Texas
$18K +$17.8K +732 New
LWS
48
Lucia Wealth Services
California
$16K -$4.24M -173,964 -100%
BC
49
Barnett & Company
Tennessee
$16K
CFB
50
Cullen/Frost Bankers
Texas
$15K -$114K -4,685 -89%

DFP Hedge Fund Activity: Q2 2019 in Review

51 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q2 2019, worth a combined $65M — up 6.9% from $60.8M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of DFP and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 23 added.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $2.49M. The largest seller was Lucia Wealth Services, cutting an estimated $4.24M.

  • 51 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q2 2019, down from 54 in Q1 2019.
  • Funds reported $65M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2019, up 6.9% quarter-over-quarter.
  • 4 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q2 2019 and 6 closed out, a net change of -2 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q2 2019 was Raymond James Financial Services Advisors, an estimated $2.49M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q2 2019 was Lucia Wealth Services, an estimated $4.24M sold.

Based on aggregated 13F filings for Q2 2019.