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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

42 hedge funds and large institutions have $48.1M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 13

0% more funds holding

Funds holding: 42 → 42 (0)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

0.92% less ownership

Funds ownership: 10.46% → 9.53% (-0.92%)

2% less capital invested

Capital invested by funds: $49.2M → $48.1M (-$1.12M)

Holders
42
Holders Change
–
Holders Change %
0%
% of All Funds
1.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
20
Reduced
13
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
GC
Guggenheim Capital
Illinois
+$1.2M
2
PPA
Parametric Portfolio Associates
Washington
+$388K
3
Millennium Management
Millennium Management
New York
+$284K
4
RJA
Raymond James & Associates
Florida
+$243K
5
Ameriprise
Ameriprise
Minnesota
+$208K

Top Sellers

1
OA
Oxbow Advisors
Texas
-$2.85M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.1M
3
First Trust Advisors
First Trust Advisors
Illinois
-$994K
4
LPL Financial
LPL Financial
California
-$920K
5
Cohen & Steers
Cohen & Steers
New York
-$912K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
1
Raymond James & Associates
Florida
$7.97M +$243K +9,567 +3%
Invesco
2
Invesco
Georgia
$7.41M -$36.2K -1,423 -0.5%
OA
3
Oxbow Advisors
Texas
$4.51M -$2.85M -111,948 -39%
Wells Fargo
4
Wells Fargo
California
$3.8M +$158K +6,206 +4%
RJFSA
5
Raymond James Financial Services Advisors
Florida
$3.54M +$76.2K +2,995 +2%
LPL Financial
6
LPL Financial
California
$2.23M -$920K -36,161 -30%
FFA
7
First Foundation Advisors
California
$1.96M +$60.4K +2,375 +3%
Morgan Stanley
8
Morgan Stanley
New York
$1.88M +$63.9K +2,514 +4%
MC
9
Mathes Company
New York
$1.84M -$25.4K -1,000 -1%
ACP
10
Aviance Capital Partners
Florida
$1.79M +$124K +4,894 +8%
GC
11
Guggenheim Capital
Illinois
$1.67M +$1.2M +46,985 +286%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$974K -$1.1M -43,297 -54%
CCM
13
Covington Capital Management
California
$763K -$20.3K -800 -3%
LTFS
14
Ladenburg Thalmann Financial Services
Florida
$724K +$101K +3,978 +17%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$707K -$4.76K -187 -0.7%
Cohen & Steers
16
Cohen & Steers
New York
$620K -$912K -35,872 -60%
MWM
17
Meridian Wealth Management
Kentucky
$532K -$23.4K -918 -4%
AIM
18
Advantage Investment Management
Iowa
$532K -$20.3K -800 -4%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$525K +$86.4K +3,396 +21%
BW
20
Bison Wealth
Georgia
$432K +$25 +1 +0%
PPA
21
Parametric Portfolio Associates
Washington
$401K +$388K +15,245 New
PAG
22
Private Advisor Group
New Jersey
$356K – – –
CAN
23
Cetera Advisor Networks
California
$329K -$123K -4,842 -28%
Stifel Financial
24
Stifel Financial
Missouri
$327K +$56.9K +2,235 +23%
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$301K +$76 +3 +0%
1
2

DFP Hedge Fund Activity: Q2 2017 in Review

42 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q2 2017, worth a combined $48.1M — down 2.3% from $49.2M a quarter earlier.

Fund positioning in DFP was balanced in Q2 2017: 6 funds opened new positions, 6 closed out, 20 added to existing stakes and 13 trimmed.

The largest buyer was Guggenheim Capital, adding an estimated $1.2M. The largest seller was Oxbow Advisors, cutting an estimated $2.85M.

  • 42 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q2 2017, unchanged from Q1 2017.
  • Funds reported $48.1M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2017, down 2.3% quarter-over-quarter.
  • 6 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q2 2017 and 6 closed out, a net change of 0 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q2 2017 was Guggenheim Capital, an estimated $1.2M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q2 2017 was Oxbow Advisors, an estimated $2.85M sold.

Based on aggregated 13F filings for Q2 2017.