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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

56 hedge funds and large institutions have $71.5M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2019 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

10% more capital invested

Capital invested by funds: $65M → $71.5M (+$6.49M)

10% more funds holding

Funds holding: 51 → 56 (+5)

0.68% more ownership

Funds ownership: 13.63% → 14.31% (+0.68%)

11% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 19

Holders
56
Holders Change
+5
Holders Change %
+9.8%
% of All Funds
1.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
17
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RJFSA
Raymond James Financial Services Advisors
Florida
+$3.52M
2
RJA
Raymond James & Associates
Florida
+$2.15M
3
JG
Jefferies Group
New York
+$1.45M
4
WS
Wedbush Securities
California
+$481K
5
MML Investors Services
MML Investors Services
Massachusetts
+$285K

Top Sellers

1
OA
Oxbow Advisors
Texas
-$3.73M
2
FFA
First Foundation Advisors
California
-$620K
3
Morgan Stanley
Morgan Stanley
New York
-$461K
4
MAFM
Mid Atlantic Financial Management
Pennsylvania
-$421K
5
Invesco
Invesco
Georgia
-$154K
Name Holding Trade Value Shares
Change 		Change in
Stake
AG
26
Advisor Group
Arizona
$559K +$166K +6,513 +44%
CF
27
Centaurus Financial
California
$522K -$82.1K -3,211 -14%
WS
28
Wedbush Securities
California
$491K +$481K +18,830 New
NFG
29
Next Financial Group
Texas
$455K – – –
RJT
30
Raymond James Trust
Florida
$429K – – –
BW
31
Bison Wealth
Georgia
$429K +$26 +1 +0%
AF
32
Advisornet Financial
Minnesota
$380K -$2.56K -100 -0.7%
Stifel Financial
33
Stifel Financial
Missouri
$306K -$139K -5,456 -32%
MML Investors Services
34
MML Investors Services
Massachusetts
$291K +$285K +11,162 New
Fiera Capital (Canada)
35
Fiera Capital (Canada)
Quebec, Canada
$269K -$19.2K -751 -7%
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$265K – – –
GSWM
37
Golden State Wealth Management
California
$263K +$2.25K +88 +0.9%
BBA
38
BLB&B Advisors
Pennsylvania
$218K +$1.23K +48 +0.6%
Bank of America
39
Bank of America
North Carolina
$160K -$7.95K -311 -5%
CAN
40
Claraphi Advisory Network
United States
$110K +$108K +4,218 New
SIAP
41
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$78K +$76.7K +3,000 New
FIA
42
FNY Investment Advisers
New York
$72K +$70.9K +2,775 New
GWM
43
Geneos Wealth Management
Colorado
$63K – – –
FMP
44
Financial Management Professionals
Texas
$56K – – –
Carson Wealth (CWM LLC)
45
Carson Wealth (CWM LLC)
Nebraska
$45K – – –
RIA
46
Realta Investment Advisors
Delaware
$44K +$43.2K +1,689 New
PFGIA
47
Patriot Financial Group Insurance Agency
Massachusetts
$39K – – –
SPIA
48
Steward Partners Investment Advisory
New York
$33K – – –
AIM
49
Advantage Investment Management
Iowa
$31K -$6.39K -250 -17%
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
$28K -$20.2K -792 -42%
1
2
3

DFP Hedge Fund Activity: Q3 2019 in Review

56 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q3 2019, worth a combined $71.5M — up 10% from $65M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new DFP positions and 5 closed out — a net gain of 5 holders — while 17 added to existing stakes and 19 trimmed.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $3.52M. The largest seller was Oxbow Advisors, cutting an estimated $3.73M.

  • 56 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q3 2019, up from 51 in Q2 2019.
  • Funds reported $71.5M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q3 2019, up 10% quarter-over-quarter.
  • 10 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q3 2019 and 5 closed out, a net change of +5 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q3 2019 was Raymond James Financial Services Advisors, an estimated $3.52M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q3 2019 was Oxbow Advisors, an estimated $3.73M sold.

Based on aggregated 13F filings for Q3 2019.