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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

56 hedge funds and large institutions have $55.6M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

25% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 16

2% more funds holding

Funds holding: 55 → 56 (+1)

0.84% more ownership

Funds ownership: 13.36% → 14.2% (+0.84%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

19% less capital invested

Capital invested by funds: $68.4M → $55.6M (-$12.8M)

Holders
56
Holders Change
+1
Holders Change %
+1.82%
% of All Funds
1.23%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
20
Reduced
16
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
1W
1776 Wealth
Georgia
+$3.12M
2
PAG
Private Advisor Group
New Jersey
+$1.39M
3
LCM
Landscape Capital Management
New Jersey
+$557K
4
CF
Centaurus Financial
California
+$491K
5
JG
Jefferies Group
New York
+$462K

Top Sellers

1
Cohen & Steers
Cohen & Steers
New York
-$1.05M
2
UBS Group
UBS Group
Switzerland
-$845K
3
ARM
Adirondack Research & Management
New York
-$567K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$468K
5
SFS
Shaker Financial Services
Virginia
-$391K
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
26
Advisornet Financial
Minnesota
$394K +$104K +4,150 +27%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$390K -$468K -18,706 -49%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$376K -$63.7K -2,548 -12%
RJT
29
Raymond James Trust
Florida
$300K – – –
UBS Group
30
UBS Group
Switzerland
$291K -$845K -33,780 -70%
CSPIA
31
Cary Street Partners Investment Advisory
Virginia
$252K -$52.5K -2,100 -14%
XF
32
XML Financial
Maryland
$226K +$279K +11,173 New
BW
33
Bison Wealth
Georgia
$222K -$137K -5,464 -33%
Fiera Capital (Canada)
34
Fiera Capital (Canada)
Quebec, Canada
$220K +$14.8K +593 +6%
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$210K – – –
HighTower Advisors
36
HighTower Advisors
Illinois
$202K +$250K +10,000 New
GSWM
37
Golden State Wealth Management
California
$168K +$208K +8,299 New
SMFS
38
Squar Milner Financial Services
California
$105K – – –
Bank of America
39
Bank of America
North Carolina
$104K -$18.4K -734 -12%
CS
40
Capital Square
Tennessee
$72K +$89.4K +3,575 New
SPIA
41
Steward Partners Investment Advisory
New York
$67K +$14.9K +596 +22%
Northwestern Mutual Wealth Management
42
Northwestern Mutual Wealth Management
Wisconsin
$63K +$50.2K +2,008 +182%
CAN
43
Claraphi Advisory Network
United States
$61K +$75.6K +3,021 New
GWM
44
Geneos Wealth Management
Colorado
$51K – – –
Carson Wealth (CWM LLC)
45
Carson Wealth (CWM LLC)
Nebraska
$45K – – –
HNB
46
Huntington National Bank
Ohio
$40K – – –
PFGIA
47
Patriot Financial Group Insurance Agency
Massachusetts
$31K +$125 +5 +0.3%
IRC
48
Investors Research Corp
Georgia
$24K +$30K +1,200 New
Citigroup
49
Citigroup
New York
$20K – – –
BC
50
Barnett & Company
Tennessee
$13K – – –
1
2
3

DFP Hedge Fund Activity: Q1 2020 in Review

56 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q1 2020, worth a combined $55.6M — down 19% from $68.4M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new DFP positions and 8 closed out — a net gain of 3 holders — while 20 added to existing stakes and 16 trimmed.

The largest buyer was 1776 Wealth, adding an estimated $3.12M. The largest seller was Cohen & Steers, cutting an estimated $1.05M.

  • 56 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q1 2020, up from 55 in Q4 2019.
  • Funds reported $55.6M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q1 2020, down 19% quarter-over-quarter.
  • 11 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q1 2020 and 8 closed out, a net change of +3 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q1 2020 was 1776 Wealth, an estimated $3.12M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q1 2020 was Cohen & Steers, an estimated $1.05M sold.

Based on aggregated 13F filings for Q1 2020.