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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

60 hedge funds and large institutions have $56.3M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more capital invested

Capital invested by funds: $49.7M → $56.3M (+$6.63M)

11% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 18

2.14% more ownership

Funds ownership: 13.89% → 16.03% (+2.1%)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

2% less funds holding

Funds holding: 61 → 60 (-1)

Holders
60
Holders Change
-1
Holders Change %
-1.64%
% of All Funds
0.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
20
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MP
Mangrove Partners
Connecticut
+$7.11M
2
Invesco
Invesco
Georgia
+$780K
3
Millennium Management
Millennium Management
New York
+$513K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$445K
5
SIC
Samalin Investment Counsel
New York
+$256K

Top Sellers

1
WAM
Wolverine Asset Management
Illinois
-$929K
2
Stifel Financial
Stifel Financial
Missouri
-$780K
3
RJA
Raymond James & Associates
Florida
-$336K
4
VF
Virtu Financial
New York
-$260K
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$183K
Name Holding Trade Value Shares
Change 		Change in
Stake
TWM
51
Tradition Wealth Management
Minnesota
$33K – – –
US Bancorp
52
US Bancorp
Minnesota
$32.8K +$32.9K +1,880 New
SWM
53
Spire Wealth Management
Virginia
$23.8K – – –
IRC
54
Investors Research Corp
Georgia
$20.9K – – –
OCM
55
Osterweis Capital Management
California
$18.3K – – –
MA
56
MCF Advisors
Kentucky
$18K +$350 +20 +2%
GWM
57
Geneos Wealth Management
Colorado
$14.9K – – –
WB
58
Webster Bank
Connecticut
$6.57K – – –
SIS
59
Sound Income Strategies
Florida
$4.12K – – –
N
60
Natixis
France
$1.76K – – –
AF
61
Allworth Financial
California
$1.74K – – –
Fidelity Investments
62
Fidelity Investments
Massachusetts
$17 -$117K -6,697 -100%
Stifel Financial
63
Stifel Financial
Missouri
– -$780K -42,947 Closed
VF
64
Virtu Financial
New York
– -$260K -14,343 Closed
BAM
65
Belpointe Asset Management
Nevada
– -$40.9K -2,252 Closed
S
66
SignatureFD
Georgia
– -$36.3K -2,000 Closed
CFB
67
Cullen/Frost Bankers
Texas
– -$27.2K -1,500 Closed
ASN
68
Advisory Services Network
Georgia
– -$6.63K -365 Closed
AAS
69
Ameritas Advisory Services
Nebraska
– -$4.49K -250 Closed
1 2
3

DFP Hedge Fund Activity: Q2 2023 in Review

60 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q2 2023, worth a combined $56.3M — up 13% from $49.7M a quarter earlier.

Fund positioning in DFP was balanced in Q2 2023: 7 funds opened new positions, 7 closed out, 20 added to existing stakes and 18 trimmed.

The largest buyer was Mangrove Partners, opening a new position worth an estimated $7.11M. The largest seller was Wolverine Asset Management, cutting an estimated $929K.

  • 60 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q2 2023, down from 61 in Q1 2023.
  • Funds reported $56.3M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2023, up 13% quarter-over-quarter.
  • 7 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q2 2023 and 7 closed out, a net change of 0 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q2 2023 was Mangrove Partners, an estimated $7.11M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q2 2023 was Wolverine Asset Management, an estimated $929K sold.

Based on aggregated 13F filings for Q2 2023.