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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

68 hedge funds and large institutions have $81.7M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

40% more capital invested

Capital invested by funds: $58.3M → $81.7M (+$23.5M)

37% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 19

10% more funds holding

Funds holding: 62 → 68 (+6)

5.6% more ownership

Funds ownership: 17.24% → 22.84% (+5.6%)

Holders
68
Holders Change
+6
Holders Change %
+9.68%
% of All Funds
0.99%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
12
Increased
26
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$5.18M
2
RVPG
Relative Value Partners Group
+$4.61M
3
RL
RPO LLC
Connecticut
+$2.3M
4
1W
1776 Wealth
Georgia
+$1.12M
5
BFM
Boothbay Fund Management
New York
+$1.04M

Top Sellers

1
Osaic Holdings
Osaic Holdings
Arizona
-$661K
2
BPA
Beacon Pointe Advisors
California
-$486K
3
WAM
Wolverine Asset Management
Illinois
-$368K
4
WLPWM
Walled Lake Planning & Wealth Management
Illinois
-$241K
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$237K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIC
26
Samalin Investment Counsel
New York
$618K +$197K +11,673 +50%
WAM
27
Wolverine Asset Management
Illinois
$565K -$368K -21,865 -41%
Millennium Management
28
Millennium Management
New York
$561K -$96.1K -5,704 -15%
ASFA
29
All Season Financial Advisors
Colorado
$556K +$220K +13,045 +71%
CF
30
Centaurus Financial
California
$500K -$16.1K -957 -3%
CSPIA
31
Cary Street Partners Investment Advisory
Virginia
$469K -$64K -3,800 -13%
RCM
32
Robinson Capital Management
Michigan
$467K +$230K +13,624 +109%
FSI
33
Flow State Investments
Illinois
$466K +$442K +26,259 New
PS
34
Principal Securities
Iowa
$439K +$417K +24,755 New
MFG
35
Merit Financial Group
Georgia
$389K +$1.9K +113 +0.5%
MC
36
Mathes Company
New York
$382K -$108K -6,400 -23%
LSC
37
Logan Stone Capital
Illinois
$373K +$107K +6,330 +43%
PVM
38
Palogic Value Management
Texas
$364K – – –
WS
39
Wedbush Securities
California
$360K -$28.3K -1,677 -8%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$324K -$26K -1,541 -8%
CAN
41
Cetera Advisor Networks
California
$311K -$1.31K -78 -0.4%
Cerity Partners
42
Cerity Partners
New York
$307K – – –
AWS
43
Atria Wealth Solutions
New York
$283K -$3.2K -190 -1%
IWC
44
Integrated Wealth Concepts
Massachusetts
$266K – – –
KAS
45
Kestra Advisory Services
Texas
$262K +$11.2K +667 +5%
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$256K -$227K -13,500 -48%
CIA
47
Concurrent Investment Advisors
Florida
$208K +$197K +11,717 New
BW
48
Bison Wealth
Georgia
$185K +$34 +2 +0%
UBS Group
49
UBS Group
Switzerland
$161K -$50.9K -3,024 -25%
EC
50
Elequin Capital
New York
$156K +$130K +7,736 +754%
1
2
3 4

DFP Hedge Fund Activity: Q4 2023 in Review

68 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2023, worth a combined $81.7M — up 40% from $58.3M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new DFP positions and 6 closed out — a net gain of 6 holders — while 26 added to existing stakes and 19 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $5.18M. The largest seller was Osaic Holdings, cutting an estimated $661K.

  • 68 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2023, up from 62 in Q3 2023.
  • Funds reported $81.7M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2023, up 40% quarter-over-quarter.
  • 12 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2023 and 6 closed out, a net change of +6 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $5.18M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2023 was Osaic Holdings, an estimated $661K sold.

Based on aggregated 13F filings for Q4 2023.