Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
52 hedge funds and large institutions have $53.2M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
8% more funds holding
Funds holding: 48 → 52 (+4)
0.25% more ownership
Funds ownership: 13.36% → 13.61% (+0.25%)
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
11% less capital invested
Capital invested by funds: $59.4M → $53.2M (-$6.24M)
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BC
51
Barnett & Company
Chattanooga,
Tennessee
| $13K | – | – | – |
|
|
CF
52
Centaurus Financial
Anaheim,
California
| $40 | +$17.3K | +805 | +8,944% |
|
53
MML Investors Services
Springfield,
Massachusetts
| – | -$250K | -10,792 | Closed |
|
54
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$222K | -9,603 | Closed |
|
55
Millennium Management
New York
| – | -$208K | -8,957 | Closed |
|
|
SWP
56
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$29K | -1,268 | Closed |
|
57
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$7K | -323 | Closed |
|
DFP Hedge Fund Activity: Q4 2018 in Review
52 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2018, worth a combined $53.2M — down 11% from $59.4M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new DFP positions and 5 closed out — a net gain of 4 holders — while 17 added to existing stakes and 18 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $1.46M. The largest seller was Lucia Wealth Services, cutting an estimated $1.91M.
- 52 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2018, up from 48 in Q3 2018.
- Funds reported $53.2M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2018, down 11% quarter-over-quarter.
- 9 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2018 and 5 closed out, a net change of +4 holders.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2018 was Wolverine Asset Management, an estimated $1.46M added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2018 was Lucia Wealth Services, an estimated $1.91M sold.
Based on aggregated 13F filings for Q4 2018.