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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund

51 hedge funds and large institutions have $65M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 14

7% more capital invested

Capital invested by funds: $60.8M → $65M (+$4.21M)

0.28% more ownership

Funds ownership: 13.34%13.63% (+0.28%)

6% less funds holding

Funds holding: 5451 (-3)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
51
Holders Change
-3
Holders Change %
-5.56%
% of All Funds
1.11%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
23
Reduced
14
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RJA
1
Raymond James & Associates
Florida
$9.59M +$801K +32,882 +9%
OA
2
Oxbow Advisors
Texas
$8.14M -$113K -4,641 -1%
Cohen & Steers
3
Cohen & Steers
New York
$7.93M +$869K +35,700 +13%
RJFSA
4
Raymond James Financial Services Advisors
Florida
$5.17M +$2.49M +102,408 +98%
Invesco
5
Invesco
Georgia
$4.3M +$93.2K +3,828 +2%
LPL Financial
6
LPL Financial
California
$3.1M +$114K +4,685 +4%
Wells Fargo
7
Wells Fargo
California
$2.96M -$1.31M -53,789 -31%
Morgan Stanley
8
Morgan Stanley
New York
$2.23M +$184K +7,552 +9%
LTFS
9
Ladenburg Thalmann Financial Services
Florida
$2.18M +$278K +11,416 +15%
FFA
10
First Foundation Advisors
California
$2.05M +$49.6K +2,036 +3%
MC
11
Mathes Company
New York
$1.51M -$41.4K -1,700 -3%
ACP
12
Aviance Capital Partners
Florida
$1.5M -$43.3K -1,777 -3%
GC
13
Guggenheim Capital
Illinois
$1.24M +$264K +10,838 +28%
UBS Group
14
UBS Group
Switzerland
$1.23M +$38.2K +1,567 +3%
Ameriprise
15
Ameriprise
Minnesota
$1.08M -$193K -7,933 -16%
PAG
16
Private Advisor Group
New Jersey
$937K -$5.09K -209 -0.6%
SFS
17
Shaker Financial Services
Virginia
$928K +$903K +37,081 New
Cambridge Investment Research Advisors
18
Cambridge Investment Research Advisors
Iowa
$920K -$136K -5,600 -13%
CF
19
Centaurus Financial
California
$581K +$548K +22,511 +3,258%
ARM
20
Adirondack Research & Management
New York
$577K
CCM
21
Covington Capital Management
California
$576K
MFG
22
Merit Financial Group
Georgia
$536K +$125K +5,126 +31%
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$516K +$136K +5,579 +37%
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$473K +$1.34K +55 +0.3%
Stifel Financial
25
Stifel Financial
Missouri
$436K -$7.92K -325 -2%

DFP Hedge Fund Activity: Q2 2019 in Review

51 of the 4,604 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 $65M — up 6.9% from $60.8M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of DFP and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 23 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 $65M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2019, up 6.9% 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.