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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

66 hedge funds and large institutions have $94.1M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2024 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $84.7M → $94.1M (+$9.37M)

5% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 22

0.7% more ownership

Funds ownership: 21.46% → 22.16% (+0.7%)

4% less funds holding

Funds holding: 69 → 66 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
66
Holders Change
-3
Holders Change %
-4.35%
% of All Funds
0.95%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
5
Increased
23
Reduced
22
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$4.61M
2
IAIM
International Assets Investment Management
Florida
+$3.43M
3
Cohen & Steers
Cohen & Steers
New York
+$1.33M
4
GC
Guggenheim Capital
Illinois
+$1.27M
5
Wells Fargo
Wells Fargo
California
+$770K

Top Sellers

1
RL
RPO LLC
Connecticut
-$3.19M
2
BFM
Boothbay Fund Management
New York
-$1.43M
3
LCM
Landscape Capital Management
New Jersey
-$1.02M
4
WAM
Wolverine Asset Management
Illinois
-$903K
5
SFS
Shaker Financial Services
Virginia
-$698K
Name Holding Trade Value Shares
Change 		Change in
Stake
HighTower Advisors
26
HighTower Advisors
Illinois
$635K +$80.4K +3,999 +16%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$619K +$90.2K +4,487 +18%
CSPIA
28
Cary Street Partners Investment Advisory
Virginia
$568K – – –
CF
29
Centaurus Financial
California
$488K -$4.54K -226 -1%
KAS
30
Kestra Advisory Services
Texas
$477K +$73K +3,630 +20%
MFG
31
Merit Financial Group
Georgia
$466K -$7.52K -374 -2%
PVM
32
Palogic Value Management
Texas
$441K – – –
Cetera Investment Advisers
33
Cetera Investment Advisers
Illinois
$422K -$20.3K -1,008 -5%
HWAM
34
Hennion & Walsh Asset Management
New Jersey
$413K +$387K +19,224 New
Cerity Partners
35
Cerity Partners
New York
$396K +$22.1K +1,101 +6%
Millennium Management
36
Millennium Management
New York
$385K – – –
WS
37
Wedbush Securities
California
$374K -$21.1K -1,050 -6%
MC
38
Mathes Company
New York
$355K – – –
CIA
39
Concurrent Investment Advisors
Florida
$351K +$18.5K +921 +6%
LCM
40
Landscape Capital Management
New Jersey
$300K -$1.02M -50,571 -78%
UBS Group
41
UBS Group
Switzerland
$277K +$52.6K +2,617 +25%
AWS
42
Atria Wealth Solutions
New York
$245K – – –
WLPWM
43
Walled Lake Planning & Wealth Management
Illinois
$235K – – –
Bank of America
44
Bank of America
North Carolina
$233K -$39.1K -1,944 -15%
BW
45
Bison Wealth
Georgia
$223K -$1.91K -95 -0.9%
ACP
46
Aviance Capital Partners
Florida
$203K +$190K +9,425 New
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
$120K -$20.3K -1,010 -15%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$117K – – –
GJWM
49
Gilliland Jeter Wealth Management
Arkansas
$115K – – –
PFA
50
Pathway Financial Advisers
Indiana
$63.8K -$2.98K -148 -5%
1
2
3

DFP Hedge Fund Activity: Q3 2024 in Review

66 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q3 2024, worth a combined $94.1M — up 11% from $84.7M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of DFP and 5 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 23 added.

The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $4.61M. The largest seller was RPO LLC, exiting entirely with an estimated $3.19M sold.

  • 66 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q3 2024, down from 69 in Q2 2024.
  • Funds reported $94.1M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q3 2024, up 11% quarter-over-quarter.
  • 5 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q3 2024 and 8 closed out, a net change of -3 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q3 2024 was Kovitz Investment Group Partners, an estimated $4.61M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q3 2024 was RPO LLC, an estimated $3.19M sold.

Based on aggregated 13F filings for Q3 2024.