Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
45 hedge funds and large institutions have $48.3M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2017 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 11 reducing their positions, and 8 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 11
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
13% more funds holding
Funds holding: 40 → 45 (+5)
6% more capital invested
Capital invested by funds: $45.4M → $48.3M (+$2.95M)
0.52% more ownership
Funds ownership: 8.93% → 9.45% (+0.52%)
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Stifel Financial
St. Louis,
Missouri
| – | -$211K | -7,730 | Closed |
|
|
NFG
52
Next Financial Group
Houston,
Texas
| – | -$45K | -1,675 | Closed |
|
|
BBHC
53
Brown Brothers Harriman & Co
New York
| – | -$27K | -1,000 | Closed |
|
DFP Hedge Fund Activity: Q4 2017 in Review
45 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2017, worth a combined $48.3M — up 6.5% from $45.4M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new DFP positions and 8 closed out — a net gain of 5 holders — while 19 added to existing stakes and 11 trimmed.
The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $2.04M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $3.35M sold.
- 45 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2017, up from 40 in Q3 2017.
- Funds reported $48.3M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2017, up 6.5% quarter-over-quarter.
- 13 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2017 and 8 closed out, a net change of +5 holders.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2017 was Ladenburg Thalmann Financial Services, an estimated $2.04M added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2017 was Raymond James Financial Services Advisors, an estimated $3.35M sold.
Based on aggregated 13F filings for Q4 2017.