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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

68 hedge funds and large institutions have $82.6M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2021 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 24 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 5

3% more funds holding

Funds holding: 66 → 68 (+2)

3% more capital invested

Capital invested by funds: $80.2M → $82.6M (+$2.37M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.1% less ownership

Funds ownership: 14.39% → 14.29% (-0.1%)

13% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 24

Holders
68
Holders Change
+2
Holders Change %
+3.03%
% of All Funds
1.19%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
21
Reduced
24
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SPIA
Steward Partners Investment Advisory
New York
+$749K
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$465K
3
PAG
Private Advisor Group
New Jersey
+$465K
4
LPL Financial
LPL Financial
California
+$333K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$278K

Top Sellers

1
Osaic Holdings
Osaic Holdings
Arizona
-$838K
2
Millennium Management
Millennium Management
New York
-$513K
3
GC
Guggenheim Capital
Illinois
-$378K
4
Ameriprise
Ameriprise
Minnesota
-$368K
5
Cohen & Steers
Cohen & Steers
New York
-$324K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
51
Northwestern Mutual Wealth Management
Wisconsin
$130K +$1.64K +56 +1%
WLPWM
52
Walled Lake Planning & Wealth Management
Illinois
$116K – – –
GWM
53
Geneos Wealth Management
Colorado
$79K – – –
IAIM
54
International Assets Investment Management
Florida
$62K – – –
HNB
55
Huntington National Bank
Ohio
$60K – – –
PFGIA
56
Patriot Financial Group Insurance Agency
Massachusetts
$46K +$176 +6 +0.4%
Carson Wealth (CWM LLC)
57
Carson Wealth (CWM LLC)
Nebraska
$45K – – –
CFB
58
Cullen/Frost Bankers
Texas
$45K +$43.9K +1,500 New
IRC
59
Investors Research Corp
Georgia
$36K – – –
Citigroup
60
Citigroup
New York
$30K -$82.5K -2,817 -74%
EVM
61
Eaton Vance Management
Massachusetts
$30K +$29.3K +1,000 New
MA
62
MCF Advisors
Kentucky
$26K +$439 +15 +2%
NSIM
63
North Star Investment Management
Illinois
$15K – – –
WB
64
Webster Bank
Connecticut
$15K – – –
ANBT
65
American National Bank & Trust
Texas
$10K – – –
DOA
66
D'Orazio & Associates
Virginia
$8K +$7.35K +251 New
APA
67
American Portfolios Advisors
New York
$6.02K – – –
AWA
68
Arkadios Wealth Advisors
Georgia
$4K -$1.67K -57 -29%
SFS
69
Sowell Financial Services
Arkansas
$2K +$29 +1 +2%
Millennium Management
70
Millennium Management
New York
– -$513K -17,665 Closed
Fiera Capital (Canada)
71
Fiera Capital (Canada)
Quebec, Canada
– -$279K -9,604 Closed
PWPS
72
Pinnacle Wealth Planning Services
Ohio
– -$166K -5,726 Closed
ASN
73
Advisory Services Network
Georgia
– -$11K -365 Closed
1 2
3

DFP Hedge Fund Activity: Q1 2021 in Review

68 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q1 2021, worth a combined $82.6M — up 3% from $80.2M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new DFP positions and 5 closed out — a net gain of 3 holders — while 21 added to existing stakes and 24 trimmed.

The largest buyer was Steward Partners Investment Advisory, adding an estimated $749K. The largest seller was Osaic Holdings, cutting an estimated $838K.

  • 68 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q1 2021, up from 66 in Q4 2020.
  • Funds reported $82.6M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q1 2021, up 3% quarter-over-quarter.
  • 8 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q1 2021 and 5 closed out, a net change of +3 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q1 2021 was Steward Partners Investment Advisory, an estimated $749K added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q1 2021 was Osaic Holdings, an estimated $838K sold.

Based on aggregated 13F filings for Q1 2021.