Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
54 hedge funds and large institutions have $60.8M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2019 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
14% more capital invested
Capital invested by funds: $53.2M → $60.8M (+$7.61M)
11% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 18
4% more funds holding
Funds holding: 52 → 54 (+2)
0.26% less ownership
Funds ownership: 13.61% → 13.34% (-0.26%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$998K |
| 2 |
LWS
Lucia Wealth Services
San Diego,
California
|
+$561K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$430K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$398K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$362K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.43M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$659K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$545K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$536K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$417K |
DFP Hedge Fund Activity: Q1 2019 in Review
54 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q1 2019, worth a combined $60.8M — up 14% from $53.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new DFP positions and 7 closed out — a net gain of 3 holders — while 20 added to existing stakes and 18 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $998K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.43M sold.
- 54 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q1 2019, up from 52 in Q4 2018.
- Funds reported $60.8M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q1 2019, up 14% quarter-over-quarter.
- 10 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q1 2019 and 7 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q1 2019 was Raymond James & Associates, an estimated $998K added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q1 2019 was Wolverine Asset Management, an estimated $1.43M sold.
Based on aggregated 13F filings for Q1 2019.