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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund

38 hedge funds and large institutions have $52.2M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

3% more funds holding

Funds holding: 3738 (+1)

8% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 12

1.38% less ownership

Funds ownership: 12.22%10.83% (-1.4%)

8% less capital invested

Capital invested by funds: $56.8M → $52.2M (-$4.6M)

Holders
38
Holders Change
+1
Holders Change %
+2.7%
% of All Funds
1.01%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
11
Reduced
12
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
OA
1
Oxbow Advisors
Texas
$7.82M -$532K -21,493 -6%
Invesco
2
Invesco
Georgia
$7.13M -$627K -25,352 -8%
RJA
3
Raymond James & Associates
Florida
$7.01M +$239K +9,657 +4%
RJFSA
4
Raymond James Financial Services Advisors
Florida
$3.29M +$346K +13,999 +12%
Wells Fargo
5
Wells Fargo
California
$3.25M -$33.1K -1,337 -1%
LPL Financial
6
LPL Financial
California
$2.7M -$392K -15,863 -13%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$2.31M +$2.27M +91,886 New
UBS Group
8
UBS Group
Switzerland
$2.23M -$150K -6,077 -6%
Morgan Stanley
9
Morgan Stanley
New York
$1.91M +$356K +14,409 +23%
MC
10
Mathes Company
New York
$1.84M
ACP
11
Aviance Capital Partners
Florida
$1.74M -$28K -1,131 -2%
FFA
12
First Foundation Advisors
California
$1.66M -$47.5K -1,921 -3%
SIA
13
SeaBridge Investment Advisors
New Jersey
$1.58M
GC
14
Guggenheim Capital
Illinois
$1.06M -$317K -12,829 -23%
First Trust Advisors
15
First Trust Advisors
Illinois
$1.02M
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$760K +$309K +12,495 +70%
CCM
17
Covington Capital Management
California
$750K
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$589K +$46.3K +1,870 +9%
CAN
19
Cetera Advisor Networks
California
$532K -$155K -6,265 -23%
AIM
20
Advantage Investment Management
Iowa
$528K +$169K +6,816 +48%
BW
21
Bison Wealth
Georgia
$502K -$3.21K -130 -0.6%
Cohen & Steers
22
Cohen & Steers
New York
$483K -$2.69M -108,922 -85%
PAS
23
Partnervest Advisory Services
California
$348K +$342K +13,818 New
Stifel Financial
24
Stifel Financial
Missouri
$336K -$37.1K -1,500 -10%
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$291K +$99 +4 +0%

DFP Hedge Fund Activity: Q3 2016 in Review

38 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q3 2016, worth a combined $52.2M — down 8.1% from $56.8M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new DFP positions and 7 closed out — a net gain of 1 holder — while 11 added to existing stakes and 12 trimmed.

The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $2.27M. The largest seller was McGowan Group Asset Management, exiting entirely with an estimated $4.81M sold.

  • 38 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q3 2016, up from 37 in Q2 2016.
  • Funds reported $52.2M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q3 2016, down 8.1% quarter-over-quarter.
  • 8 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q3 2016 and 7 closed out, a net change of +1 holder.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q3 2016 was Envestnet Asset Management, an estimated $2.27M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q3 2016 was McGowan Group Asset Management, an estimated $4.81M sold.

Based on aggregated 13F filings for Q3 2016.