Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
56 hedge funds and large institutions have $71.5M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2019 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 19 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
10% more capital invested
Capital invested by funds: $65M → $71.5M (+$6.49M)
10% more funds holding
Funds holding: 51 → 56 (+5)
0.68% more ownership
Funds ownership: 13.63% → 14.31% (+0.68%)
11% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 19
Top Buyers
Top Sellers
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$3.73M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
-$620K |
| 3 |
Morgan Stanley
New York
|
-$461K |
| 4 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$421K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$154K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Citigroup
New York
| $26K | -$134K | -5,254 | -84% |
|
|
FMII
52
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| $26K | +$25.6K | +1,000 | New |
|
|
BC
53
Barnett & Company
Chattanooga,
Tennessee
| $17K | +$16.4K | +640 | New |
|
|
APA
54
American Portfolios Advisors
Holbrook,
New York
| $5.22K | -$8.79K | -344 | -63% |
|
|
LWS
55
Lucia Wealth Services
San Diego,
California
| $1K | -$15.6K | -611 | -95% |
|
|
SFS
56
Sowell Financial Services
North Little Rock,
Arkansas
| $1K | +$1.43K | +56 | New |
|
|
MAFM
57
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
| – | -$421K | -16,800 | Closed |
|
|
SMFS
58
Squar Milner Financial Services
Irvine,
California
| – | -$130K | -5,200 | Closed |
|
|
TJHA
59
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$20K | -815 | Closed |
|
|
M
60
MOTCO
San Antonio,
Texas
| – | -$18K | -732 | Closed |
|
|
CFB
61
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$15K | -605 | Closed |
|
DFP Hedge Fund Activity: Q3 2019 in Review
56 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q3 2019, worth a combined $71.5M — up 10% from $65M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new DFP positions and 5 closed out — a net gain of 5 holders — while 17 added to existing stakes and 19 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $3.52M. The largest seller was Oxbow Advisors, cutting an estimated $3.73M.
- 56 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q3 2019, up from 51 in Q2 2019.
- Funds reported $71.5M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q3 2019, up 10% quarter-over-quarter.
- 10 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q3 2019 and 5 closed out, a net change of +5 holders.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q3 2019 was Raymond James Financial Services Advisors, an estimated $3.52M added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q3 2019 was Oxbow Advisors, an estimated $3.73M sold.
Based on aggregated 13F filings for Q3 2019.