Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
40 hedge funds and large institutions have $45.4M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 8 reducing their positions, and 5 closing their positions.
175% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 8
0.6% less ownership
Funds ownership: 9.53% → 8.93% (-0.6%)
5% less funds holding
Funds holding: 42 → 40 (-2)
6% less capital invested
Capital invested by funds: $48.1M → $45.4M (-$2.7M)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
SII Investments
Appleton,
Wisconsin
|
+$887K |
| 2 |
MML Investors Services
Springfield,
Massachusetts
|
+$695K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$531K |
| 4 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$329K |
| 5 |
CCM
Covington Capital Management
Los Angeles,
California
|
+$264K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$4.51M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$796K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$492K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$401K |
| 5 |
Millennium Management
New York
|
-$294K |
DFP Hedge Fund Activity: Q3 2017 in Review
40 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q3 2017, worth a combined $45.4M — down 5.6% from $48.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DFP and 4 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 22 added.
The largest buyer was SII Investments, opening a new position worth an estimated $887K. The largest seller was Oxbow Advisors, exiting entirely with an estimated $4.51M sold.
- 40 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q3 2017, down from 42 in Q2 2017.
- Funds reported $45.4M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q3 2017, down 5.6% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q3 2017 and 5 closed out, a net change of -1 holder.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q3 2017 was SII Investments, an estimated $887K added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q3 2017 was Oxbow Advisors, an estimated $4.51M sold.
Based on aggregated 13F filings for Q3 2017.