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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

55 hedge funds and large institutions have $60.4M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more capital invested

Capital invested by funds: $55.6M → $60.4M (+$4.81M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 19

0.86% less ownership

Funds ownership: 14.2% → 13.34% (-0.86%)

2% less funds holding

Funds holding: 56 → 55 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
55
Holders Change
-1
Holders Change %
-1.79%
% of All Funds
1.13%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
19
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RJFSA
Raymond James Financial Services Advisors
Florida
+$395K
2
Stifel Financial
Stifel Financial
Missouri
+$303K
3
BCP
Berkeley Capital Partners
Georgia
+$238K
4
CF
Centaurus Financial
California
+$232K
5
LPL Financial
LPL Financial
California
+$209K

Top Sellers

1
1W
1776 Wealth
Georgia
-$2.11M
2
Invesco
Invesco
Georgia
-$633K
3
RJA
Raymond James & Associates
Florida
-$616K
4
LCM
Landscape Capital Management
New Jersey
-$450K
5
FFA
First Foundation Advisors
California
-$352K
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
26
Advisornet Financial
Minnesota
$373K -$98.9K -4,150 -21%
RJT
27
Raymond James Trust
Florida
$370K +$9.27K +389 +3%
Fiera Capital (Canada)
28
Fiera Capital (Canada)
Quebec, Canada
$339K +$72.7K +3,049 +28%
Stifel Financial
29
Stifel Financial
Missouri
$310K +$303K +12,724 New
CSPIA
30
Cary Street Partners Investment Advisory
Virginia
$303K – – –
BW
31
Bison Wealth
Georgia
$276K +$9.56K +401 +4%
HighTower Advisors
32
HighTower Advisors
Illinois
$263K +$19.4K +813 +8%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$247K -$5K -210 -2%
Bank of America
34
Bank of America
North Carolina
$247K +$119K +4,994 +97%
BCP
35
Berkeley Capital Partners
Georgia
$243K +$238K +10,000 New
UBS Group
36
UBS Group
Switzerland
$239K -$108K -4,525 -32%
GSWM
37
Golden State Wealth Management
California
$204K +$1.91K +80 +1%
SPIA
38
Steward Partners Investment Advisory
New York
$143K +$59.9K +2,514 +75%
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$77K +$1.36K +57 +2%
GWM
40
Geneos Wealth Management
Colorado
$63K – – –
HNB
41
Huntington National Bank
Ohio
$49K – – –
CAN
42
Cetera Advisor Networks
California
$46K +$45.3K +1,900 New
Carson Wealth (CWM LLC)
43
Carson Wealth (CWM LLC)
Nebraska
$45K – – –
PFGIA
44
Patriot Financial Group Insurance Agency
Massachusetts
$37K +$143 +6 +0.4%
IRC
45
Investors Research Corp
Georgia
$29K – – –
Citigroup
46
Citigroup
New York
$24K – – –
BC
47
Barnett & Company
Tennessee
$16K – – –
WB
48
Webster Bank
Connecticut
$12K +$11.9K +500 New
ANBT
49
American National Bank & Trust
Texas
$8K – – –
FMP
50
Financial Management Professionals
Texas
$5K -$5.96K -250 -56%
1
2
3

DFP Hedge Fund Activity: Q2 2020 in Review

55 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q2 2020, worth a combined $60.4M — up 8.6% from $55.6M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of DFP and 5 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 19 added.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $395K. The largest seller was 1776 Wealth, cutting an estimated $2.11M.

  • 55 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q2 2020, down from 56 in Q1 2020.
  • Funds reported $60.4M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2020, up 8.6% quarter-over-quarter.
  • 5 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q2 2020 and 6 closed out, a net change of -1 holder.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q2 2020 was Raymond James Financial Services Advisors, an estimated $395K added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q2 2020 was 1776 Wealth, an estimated $2.11M sold.

Based on aggregated 13F filings for Q2 2020.