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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund

40 hedge funds and large institutions have $53.8M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

900% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 1

25% more funds holding

Funds holding: 3240 (+8)

0.01% more ownership

Funds ownership: 12.61%12.62% (+0.01%)

2% less capital invested

Capital invested by funds: $54.6M → $53.8M (-$824K)

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

Holders
40
Holders Change
+8
Holders Change %
+25%
% of All Funds
1.07%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
10
Increased
12
Reduced
13
Closed
1
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
1
Invesco
Georgia
$13.8M +$248K +10,812 +2%
OA
2
Oxbow Advisors
Texas
$8.63M +$789K +34,408 +10%
RJA
3
Raymond James & Associates
Florida
$6.48M -$1.74K -76 -0%
Wells Fargo
4
Wells Fargo
California
$4.22M +$209K +9,106 +5%
Cohen & Steers
5
Cohen & Steers
New York
$2.98M -$106K -4,626 -3%
UBS Group
6
UBS Group
Switzerland
$2.19M +$2.26M +98,465 New
LPL Financial
7
LPL Financial
California
$2.04M +$417K +18,188 +25%
FFA
8
First Foundation Advisors
California
$1.7M +$72.5K +3,160 +4%
MC
9
Mathes Company
New York
$1.19M -$68.8K -3,000 -5%
First Trust Advisors
10
First Trust Advisors
Illinois
$849K +$12.5K +545 +1%
ACP
11
Aviance Capital Partners
Florida
$840K -$3.67K -160 -0.4%
PPA
12
Parametric Portfolio Associates
Washington
$838K +$73.1K +3,188 +9%
RJFSA
13
Raymond James Financial Services Advisors
Florida
$812K -$62.9K -2,742 -7%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$765K +$21.2K +925 +3%
CCM
15
Covington Capital Management
California
$688K
Morgan Stanley
16
Morgan Stanley
New York
$679K +$36.8K +1,602 +6%
PFS
17
Prospera Financial Services
Texas
$576K -$198K -8,636 -25%
MGAM
18
McGowan Group Asset Management
Texas
$559K +$576K +25,111 New
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$538K +$52.9K +2,306 +11%
VKH
20
Virtu KCG Holdings
New York
$526K +$542K +23,618 New
PNC
21
Park National Corp
Ohio
$512K -$17.2K -750 -3%
RVP
22
Relative Value Partners
Illinois
$483K -$2.81M -122,532 -85%
SAM
23
SignalPoint Asset Management
Missouri
$333K -$14.4K -629 -4%
JP Morgan Chase
24
JP Morgan Chase
New York
$281K +$289K +12,600 New
Stifel Financial
25
Stifel Financial
Missouri
$263K -$357K -15,580 -57%

DFP Hedge Fund Activity: Q4 2014 in Review

40 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2014, worth a combined $53.8M — down 1.5% from $54.6M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new DFP positions and 1 closed out — a net gain of 9 holders — while 12 added to existing stakes and 13 trimmed.

The largest buyer was Oxbow Advisors, adding an estimated $789K. The largest seller was Relative Value Partners, cutting an estimated $2.81M.

  • 40 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2014, up from 32 in Q3 2014.
  • Funds reported $53.8M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2014, down 1.5% quarter-over-quarter.
  • 10 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2014 and 1 closed out, a net change of +9 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2014 was Oxbow Advisors, an estimated $789K added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2014 was Relative Value Partners, an estimated $2.81M sold.

Based on aggregated 13F filings for Q4 2014.