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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

37 hedge funds and large institutions have $56.8M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2016 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 11

0% more funds holding

Funds holding: 37 → 37 (0)

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

2.86% less ownership

Funds ownership: 15.08% → 12.22% (-2.9%)

16% less capital invested

Capital invested by funds: $68M → $56.8M (-$11.2M)

Holders
37
Holders Change
–
Holders Change %
0%
% of All Funds
0.99%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
12
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RJA
Raymond James & Associates
Florida
+$577K
2
DA
Doliver Advisors
Texas
+$462K
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$311K
4
AIM
Advantage Investment Management
Iowa
+$275K
5
Morgan Stanley
Morgan Stanley
New York
+$208K

Top Sellers

1
OA
Oxbow Advisors
Texas
-$4.59M
2
MGAM
McGowan Group Asset Management
Texas
-$3.96M
3
LPL Financial
LPL Financial
California
-$3.11M
4
Cohen & Steers
Cohen & Steers
New York
-$2.04M
5
Invesco
Invesco
Georgia
-$650K
Name Holding Trade Value Shares
Change 		Change in
Stake
OA
1
Oxbow Advisors
Texas
$8.06M -$4.59M -193,062 -37%
Invesco
2
Invesco
Georgia
$7.48M -$650K -27,323 -8%
RJA
3
Raymond James & Associates
Florida
$6.52M +$577K +24,229 +10%
MGAM
4
McGowan Group Asset Management
Texas
$4.81M -$3.96M -166,478 -46%
Wells Fargo
5
Wells Fargo
California
$3.17M +$177K +7,438 +6%
Cohen & Steers
6
Cohen & Steers
New York
$3.11M -$2.04M -85,892 -40%
LPL Financial
7
LPL Financial
California
$3.01M -$3.11M -130,602 -51%
RJFSA
8
Raymond James Financial Services Advisors
Florida
$2.84M +$311K +13,085 +13%
UBS Group
9
UBS Group
Switzerland
$2.3M -$28.3K -1,191 -1%
MC
10
Mathes Company
New York
$1.77M – – –
ACP
11
Aviance Capital Partners
Florida
$1.7M -$140K -5,891 -8%
FFA
12
First Foundation Advisors
California
$1.64M +$124K +5,229 +8%
SIA
13
SeaBridge Investment Advisors
New Jersey
$1.53M +$33.2K +1,395 +2%
Morgan Stanley
14
Morgan Stanley
New York
$1.49M +$208K +8,741 +17%
GC
15
Guggenheim Capital
Illinois
$1.33M -$112K -4,727 -8%
First Trust Advisors
16
First Trust Advisors
Illinois
$983K – – –
CCM
17
Covington Capital Management
California
$723K – – –
CAN
18
Cetera Advisor Networks
California
$665K +$89.6K +3,765 +16%
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$523K +$60.2K +2,529 +13%
BW
20
Bison Wealth
Georgia
$484K -$143 -6 -0%
DA
21
Doliver Advisors
Texas
$471K +$462K +19,410 New
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$430K -$26.8K -1,126 -6%
Stifel Financial
23
Stifel Financial
Missouri
$348K -$228K -9,568 -40%
AIM
24
Advantage Investment Management
Iowa
$344K +$275K +11,575 +445%
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$280K +$95 +4 +0%
1
2

DFP Hedge Fund Activity: Q2 2016 in Review

37 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q2 2016, worth a combined $56.8M — down 16% from $68M a quarter earlier.

Fund positioning in DFP was balanced in Q2 2016: 4 funds opened new positions, 4 closed out, 12 added to existing stakes and 11 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $577K. The largest seller was Oxbow Advisors, cutting an estimated $4.59M.

  • 37 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q2 2016, unchanged from Q1 2016.
  • Funds reported $56.8M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2016, down 16% quarter-over-quarter.
  • 4 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q2 2016 and 4 closed out, a net change of 0 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q2 2016 was Raymond James & Associates, an estimated $577K added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q2 2016 was Oxbow Advisors, an estimated $4.59M sold.

Based on aggregated 13F filings for Q2 2016.