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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund

55 hedge funds and large institutions have $68.4M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 24 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 17

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

0.94% less ownership

Funds ownership: 14.31%13.36% (-0.94%)

4% less capital invested

Capital invested by funds: $71.5M → $68.4M (-$3.03M)

2% less funds holding

Funds holding: 5655 (-1)

Holders
55
Holders Change
-1
Holders Change %
-1.79%
% of All Funds
1.08%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
5
Increased
24
Reduced
17
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CF
26
Centaurus Financial
California
$539K +$4.13K +157 +0.8%
WS
27
Wedbush Securities
California
$515K +$10.5K +400 +2%
AG
28
Advisor Group
Arizona
$475K -$96.2K -3,659 -17%
NFG
29
Next Financial Group
Texas
$467K +$921 +35 +0.2%
BW
30
Bison Wealth
Georgia
$439K +$26 +1 +0%
AF
31
Advisornet Financial
Minnesota
$411K +$21K +800 +6%
RJT
32
Raymond James Trust
Florida
$397K -$42.2K -1,603 -10%
SFS
33
Shaker Financial Services
Virginia
$391K -$663K -25,224 -63%
CSPIA
34
Cary Street Partners Investment Advisory
Virginia
$390K +$383K +14,560 New
Stifel Financial
35
Stifel Financial
Missouri
$323K +$10.4K +397 +3%
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$277K +$5.52K +210 +2%
Fiera Capital (Canada)
37
Fiera Capital (Canada)
Quebec, Canada
$275K
BBA
38
BLB&B Advisors
Pennsylvania
$224K +$1.24K +47 +0.6%
Bank of America
39
Bank of America
North Carolina
$158K -$7.55K -287 -5%
SMFS
40
Squar Milner Financial Services
California
$139K +$137K +5,200 New
SIAP
41
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$133K +$52.6K +2,000 +67%
FIA
42
FNY Investment Advisers
New York
$127K +$52.1K +1,981 +71%
TI
43
tru Independence
Oregon
$83K +$108K +4,100 New
SPIA
44
Steward Partners Investment Advisory
New York
$73K +$38.1K +1,450 +112%
GWM
45
Geneos Wealth Management
Colorado
$68K +$4.34K +165 +7%
HNB
46
Huntington National Bank
Ohio
$54K
Carson Wealth (CWM LLC)
47
Carson Wealth (CWM LLC)
Nebraska
$45K
RIA
48
Realta Investment Advisors
Delaware
$45K +$263 +10 +0.6%
PFGIA
49
Patriot Financial Group Insurance Agency
Massachusetts
$40K +$132 +5 +0.3%
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
$30K +$447 +17 +2%

DFP Hedge Fund Activity: Q4 2019 in Review

55 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2019, worth a combined $68.4M — down 4.2% from $71.5M a quarter earlier.

Fund positioning in DFP was balanced in Q4 2019: 5 funds opened new positions, 5 closed out, 24 added to existing stakes and 17 trimmed.

The largest buyer was LPL Financial, adding an estimated $1.08M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $4.51M.

  • 55 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2019, down from 56 in Q3 2019.
  • Funds reported $68.4M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2019, down 4.2% quarter-over-quarter.
  • 5 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2019 and 5 closed out, a net change of 0 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2019 was LPL Financial, an estimated $1.08M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2019 was Raymond James Financial Services Advisors, an estimated $4.51M sold.

Based on aggregated 13F filings for Q4 2019.