Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
37 hedge funds and large institutions have $68M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 4 closing their positions.
1% more capital invested
Capital invested by funds: $67.5M → $68M (+$430K)
0.3% less ownership
Funds ownership: 15.38% → 15.08% (-0.3%)
3% less funds holding
Funds holding: 38 → 37 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
27% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 15
Top Buyers
Top Sellers
| 1 |
Invesco
Atlanta,
Georgia
|
-$2.7M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.39M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
-$691K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$248K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$164K |
DFP Hedge Fund Activity: Q1 2016 in Review
37 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q1 2016, worth a combined $68M — up 0.64% from $67.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of DFP and 3 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 11 added.
The largest buyer was McGowan Group Asset Management, adding an estimated $1.65M. The largest seller was Invesco, cutting an estimated $2.7M.
- 37 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q1 2016, down from 38 in Q4 2015.
- Funds reported $68M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q1 2016, up 0.64% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q1 2016 and 4 closed out, a net change of -1 holder.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q1 2016 was McGowan Group Asset Management, an estimated $1.65M added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q1 2016 was Invesco, an estimated $2.7M sold.
Based on aggregated 13F filings for Q1 2016.