Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
52 hedge funds and large institutions have $54M 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.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
8% more funds holding
Funds holding: 48 → 52 (+4)
0.41% more ownership
Funds ownership: 13.41% → 13.81% (+0.41%)
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
9% less capital invested
Capital invested by funds: $59.6M → $54M (-$5.64M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.46M |
| 2 |
Cohen & Steers
New York
|
+$1.23M |
| 3 |
CF
Centaurus Financial
Anaheim,
California
|
+$665K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$573K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$565K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LWS
Lucia Wealth Services
San Diego,
California
|
-$1.91M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$629K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$485K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$424K |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$250K |
DFP Hedge Fund Activity: Q4 2018 in Review
52 of the 4,505 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 $54M — down 9.5% from $59.6M 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 $54M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2018, down 9.5% 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.