Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
55 hedge funds and large institutions have $68.4M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 24 increasing their positions, 17 reducing their positions, and 5 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 17
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
0.94% less ownership
Funds ownership: 14.31% → 13.36% (-0.94%)
4% less capital invested
Capital invested by funds: $71.5M → $68.4M (-$3.03M)
2% less funds holding
Funds holding: 56 → 55 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.08M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$418K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$316K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$245K |
| 5 |
SMFS
Squar Milner Financial Services
Irvine,
California
|
+$137K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.51M |
| 2 |
Cohen & Steers
New York
|
-$1.57M |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$1.06M |
| 4 |
ACP
Aviance Capital Partners
Naples,
Florida
|
-$865K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$663K |
DFP Hedge Fund Activity: Q4 2019 in Review
55 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2019, worth a combined $68.4M — down 4.2% from $71.5M a quarter earlier.
Fund positioning in DFP was balanced in Q4 2019: 5 funds opened new positions, 5 closed out, 24 added to existing stakes and 17 trimmed.
The largest buyer was LPL Financial, adding an estimated $1.08M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $4.51M.
- 55 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2019, down from 56 in Q3 2019.
- Funds reported $68.4M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2019, down 4.2% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2019 and 5 closed out, a net change of 0 holders.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2019 was LPL Financial, an estimated $1.08M added.
- The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2019 was Raymond James Financial Services Advisors, an estimated $4.51M sold.
Based on aggregated 13F filings for Q4 2019.