Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
51 hedge funds and large institutions have $65.3M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 22 increasing their positions, 15 reducing their positions, and 6 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 15
6% more capital invested
Capital invested by funds: $61.4M → $65.3M (+$3.91M)
0.14% more ownership
Funds ownership: 13.49% → 13.63% (+0.14%)
6% less funds holding
Funds holding: 54 → 51 (-3)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.49M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$903K |
| 3 |
Cohen & Steers
New York
|
+$869K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$801K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
+$384K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LWS
Lucia Wealth Services
San Diego,
California
|
-$4.24M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.31M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$193K |
| 4 |
CF
Centaurus Financial
Anaheim,
California
|
-$143K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$136K |
DFP Hedge Fund Activity: Q2 2019 in Review
51 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q2 2019, worth a combined $65.3M — up 6.4% from $61.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DFP and 4 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 22 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $2.49M. The largest seller was Lucia Wealth Services, cutting an estimated $4.24M.
- 51 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q2 2019, down from 54 in Q1 2019.
- Funds reported $65.3M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2019, up 6.4% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q2 2019 and 6 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q2 2019 was Raymond James Financial Services Advisors, an estimated $2.49M added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q2 2019 was Lucia Wealth Services, an estimated $4.24M sold.
Based on aggregated 13F filings for Q2 2019.