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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund

52 hedge funds and large institutions have $53.2M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

8% more funds holding

Funds holding: 4852 (+4)

0.25% more ownership

Funds ownership: 13.36%13.61% (+0.25%)

6% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 18

11% less capital invested

Capital invested by funds: $59.4M → $53.2M (-$6.24M)

Holders
52
Holders Change
+4
Holders Change %
+8.33%
% of All Funds
1.16%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
9
Increased
17
Reduced
18
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
OA
1
Oxbow Advisors
Texas
$6.73M -$204K -9,520 -3%
RJA
2
Raymond James & Associates
Florida
$6.25M -$485K -22,595 -7%
Cohen & Steers
3
Cohen & Steers
New York
$5.78M +$1.23M +57,206 +25%
Invesco
4
Invesco
Georgia
$4.01M -$424K -19,748 -9%
Wells Fargo
5
Wells Fargo
California
$3.87M -$242K -11,270 -6%
LWS
6
Lucia Wealth Services
California
$3.06M -$1.91M -89,029 -37%
LPL Financial
7
LPL Financial
California
$2.39M +$54.6K +2,545 +2%
RJFSA
8
Raymond James Financial Services Advisors
Florida
$1.84M -$42K -1,958 -2%
FFA
9
First Foundation Advisors
California
$1.63M -$241K -11,225 -12%
Morgan Stanley
10
Morgan Stanley
New York
$1.48M +$139K +6,499 +10%
WAM
11
Wolverine Asset Management
Illinois
$1.43M +$1.46M +68,022 +3,071%
LTFS
12
Ladenburg Thalmann Financial Services
Florida
$1.22M -$629K -29,307 -33%
ACP
13
Aviance Capital Partners
Florida
$1.22M -$71.8K -3,350 -5%
MC
14
Mathes Company
New York
$1.13M -$107K -5,000 -8%
Cambridge Investment Research Advisors
15
Cambridge Investment Research Advisors
Iowa
$1.06M -$68.7K -3,205 -6%
UBS Group
16
UBS Group
Switzerland
$946K -$7.81K -364 -0.8%
Ameriprise
17
Ameriprise
Minnesota
$655K +$227K +10,574 +49%
GC
18
Guggenheim Capital
Illinois
$630K -$75.1K -3,503 -10%
PAG
19
Private Advisor Group
New Jersey
$622K +$105K +4,883 +19%
ARM
20
Adirondack Research & Management
New York
$558K +$7.51K +350 +1%
CRC
21
Curi RMB Capital
Illinois
$545K +$573K +26,737 New
WAM
22
Weiss Asset Management
Massachusetts
$536K +$565K +26,328 New
CCM
23
Covington Capital Management
California
$489K -$72.9K -3,400 -12%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$439K -$55.8K -2,603 -11%
MAFM
25
Mid Atlantic Financial Management
Pennsylvania
$428K +$450K +21,000 New

DFP Hedge Fund Activity: Q4 2018 in Review

52 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2018, worth a combined $53.2M — down 11% from $59.4M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new DFP positions and 5 closed out — a net gain of 4 holders — while 17 added to existing stakes and 18 trimmed.

The largest buyer was Wolverine Asset Management, adding an estimated $1.46M. The largest seller was Lucia Wealth Services, cutting an estimated $1.91M.

  • 52 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2018, up from 48 in Q3 2018.
  • Funds reported $53.2M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2018, down 11% quarter-over-quarter.
  • 9 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2018 and 5 closed out, a net change of +4 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2018 was Wolverine Asset Management, an estimated $1.46M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2018 was Lucia Wealth Services, an estimated $1.91M sold.

Based on aggregated 13F filings for Q4 2018.