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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

66 hedge funds and large institutions have $80.2M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 27 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 18

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

8% more capital invested

Capital invested by funds: $74.2M → $80.2M (+$6.04M)

5% more funds holding

Funds holding: 63 → 66 (+3)

0.22% more ownership

Funds ownership: 14.16% → 14.39% (+0.22%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
66
Holders Change
+3
Holders Change %
+4.76%
% of All Funds
1.17%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
10
Increased
27
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$1.09M
2
RJA
Raymond James & Associates
Florida
+$841K
3
Millennium Management
Millennium Management
New York
+$496K
4
CSPIA
Cary Street Partners Investment Advisory
Virginia
+$333K
5
CAN
Cetera Advisor Networks
California
+$281K

Top Sellers

1
PAG
Private Advisor Group
New Jersey
-$1.09M
2
JG
Jefferies Group
New York
-$698K
3
GC
Guggenheim Capital
Illinois
-$682K
4
MC
Mathes Company
New York
-$407K
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$355K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$668K +$84.2K +2,995 +15%
CCM
27
Covington Capital Management
California
$651K -$11.2K -400 -2%
Bank of America
28
Bank of America
North Carolina
$617K +$143K +5,103 +32%
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$559K -$10.2K -363 -2%
CG
30
Clarus Group
Texas
$550K +$518K +18,419 New
Millennium Management
31
Millennium Management
New York
$513K +$496K +17,665 New
WS
32
Wedbush Securities
California
$483K +$11.2K +398 +2%
AF
33
Advisornet Financial
Minnesota
$461K +$15K +535 +3%
BW
34
Bison Wealth
Georgia
$436K +$52.8K +1,878 +14%
ACP
35
Aviance Capital Partners
Florida
$429K -$41.6K -1,479 -9%
UBS Group
36
UBS Group
Switzerland
$412K +$143K +5,099 +56%
RJT
37
Raymond James Trust
Florida
$401K +$28.1K +1,000 +8%
HighTower Advisors
38
HighTower Advisors
Illinois
$315K +$421 +15 +0.1%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$295K -$6.55K -233 -2%
BCP
40
Berkeley Capital Partners
Georgia
$291K – – –
CAN
41
Cetera Advisor Networks
California
$291K +$281K +10,000 New
Fiera Capital (Canada)
42
Fiera Capital (Canada)
Quebec, Canada
$279K -$122K -4,330 -31%
RCA
43
Rowland Carmichael Advisors
Arizona
$249K +$240K +8,558 New
VBCG
44
Valley Brook Capital Group
Pennsylvania
$237K +$230K +8,170 New
BBA
45
BLB&B Advisors
Pennsylvania
$228K +$14.1K +500 +7%
GCP
46
Gill Capital Partners
Colorado
$207K +$200K +7,134 New
GSWM
47
Golden State Wealth Management
California
$205K +$1.94K +69 +1%
SPIA
48
Steward Partners Investment Advisory
New York
$179K -$34.6K -1,233 -17%
PWPS
49
Pinnacle Wealth Planning Services
Ohio
$166K +$161K +5,726 New
Northwestern Mutual Wealth Management
50
Northwestern Mutual Wealth Management
Wisconsin
$124K +$1.63K +58 +1%
1
2
3

DFP Hedge Fund Activity: Q4 2020 in Review

66 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2020, worth a combined $80.2M — up 8.1% from $74.2M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new DFP positions and 7 closed out — a net gain of 3 holders — while 27 added to existing stakes and 18 trimmed.

The largest buyer was Ameriprise, adding an estimated $1.09M. The largest seller was Private Advisor Group, cutting an estimated $1.09M.

  • 66 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2020, up from 63 in Q3 2020.
  • Funds reported $80.2M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2020, up 8.1% quarter-over-quarter.
  • 10 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2020 and 7 closed out, a net change of +3 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2020 was Ameriprise, an estimated $1.09M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2020 was Private Advisor Group, an estimated $1.09M sold.

Based on aggregated 13F filings for Q4 2020.