Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
48 hedge funds and large institutions have $59.4M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 25 increasing their positions, 13 reducing their positions, and 8 closing their positions.
92% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 13
3% more capital invested
Capital invested by funds: $57.5M → $59.4M (+$1.86M)
0.57% more ownership
Funds ownership: 12.79% → 13.36% (+0.57%)
2% less funds holding
Funds holding: 49 → 48 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$2.31M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.37M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.13M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$634K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.59M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$455K |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$323K |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
-$275K |
| 5 |
BBA
BLB&B Advisors
Montgomeryville,
Pennsylvania
|
-$238K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BBA
51
BLB&B Advisors
Montgomeryville,
Pennsylvania
| – | -$238K | -10,140 | Closed |
|
52
Envestnet Asset Management
Chicago,
Illinois
| – | -$151K | -6,453 | Closed |
|
53
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$29K | -1,231 | Closed |
|
|
BCA
54
Bay Colony Advisors
Concord,
Massachusetts
| – | -$27K | -1,168 | Closed |
|
|
AIS
55
Accurate Investment Solutions
Seven Fields,
Pennsylvania
| – | -$6K | -250 | Closed |
|
|
TJHA
56
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$4K | -191 | Closed |
|
57
Fidelity Investments
Boston,
Massachusetts
| – | +$24 | +1 | New |
|
DFP Hedge Fund Activity: Q3 2018 in Review
48 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q3 2018, worth a combined $59.4M — up 3.2% from $57.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of DFP and 7 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 25 added.
The largest buyer was Cohen & Steers, adding an estimated $2.31M. The largest seller was Wolverine Asset Management, cutting an estimated $1.59M.
- 48 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q3 2018, down from 49 in Q2 2018.
- Funds reported $59.4M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q3 2018, up 3.2% quarter-over-quarter.
- 7 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q3 2018 and 8 closed out, a net change of -1 holder.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q3 2018 was Cohen & Steers, an estimated $2.31M added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q3 2018 was Wolverine Asset Management, an estimated $1.59M sold.
Based on aggregated 13F filings for Q3 2018.