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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund

55 hedge funds and large institutions have $60.4M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

9% more capital invested

Capital invested by funds: $55.6M → $60.4M (+$4.81M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 19

0.86% less ownership

Funds ownership: 14.2%13.34% (-0.86%)

2% less funds holding

Funds holding: 5655 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

Holders
55
Holders Change
-1
Holders Change %
-1.79%
% of All Funds
1.13%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
5
Increased
19
Reduced
19
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RJA
1
Raymond James & Associates
Florida
$11.6M -$616K -25,849 -5%
Cohen & Steers
2
Cohen & Steers
New York
$5.38M
LPL Financial
3
LPL Financial
California
$4.65M +$209K +8,753 +5%
RJFSA
4
Raymond James Financial Services Advisors
Florida
$4.35M +$395K +16,572 +10%
OA
5
Oxbow Advisors
Texas
$4.26M +$1.17K +49 +0%
Invesco
6
Invesco
Georgia
$3.66M -$633K -26,557 -15%
1W
7
1776 Wealth
Georgia
$3.05M -$2.11M -88,719 -41%
Wells Fargo
8
Wells Fargo
California
$2.55M -$136K -5,697 -5%
PAG
9
Private Advisor Group
New Jersey
$2.25M +$36.7K +1,541 +2%
MC
10
Mathes Company
New York
$1.81M
GC
11
Guggenheim Capital
Illinois
$1.75M -$111K -4,654 -6%
Osaic Holdings
12
Osaic Holdings
Arizona
$1.73M -$105K -4,404 -6%
Morgan Stanley
13
Morgan Stanley
New York
$1.71M -$248K -10,396 -13%
FFA
14
First Foundation Advisors
California
$1.23M -$352K -14,775 -23%
CF
15
Centaurus Financial
California
$1.21M +$232K +9,752 +25%
MWM
16
Meridian Wealth Management
Kentucky
$653K +$50.2K +2,107 +9%
Ameriprise
17
Ameriprise
Minnesota
$587K -$19.2K -805 -3%
NFG
18
Next Financial Group
Texas
$559K +$83.4K +3,498 +18%
MFG
19
Merit Financial Group
Georgia
$556K +$2.98K +125 +0.6%
CCM
20
Covington Capital Management
California
$555K
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$529K +$58.1K +2,440 +13%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$489K -$101K -4,222 -17%
ACP
23
Aviance Capital Partners
Florida
$477K -$30.6K -1,285 -6%
WS
24
Wedbush Securities
California
$465K -$28.6K -1,200 -6%
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$435K -$17.1K -719 -4%

DFP Hedge Fund Activity: Q2 2020 in Review

55 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q2 2020, worth a combined $60.4M — up 8.6% from $55.6M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of DFP and 5 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 19 added.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $395K. The largest seller was 1776 Wealth, cutting an estimated $2.11M.

  • 55 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q2 2020, down from 56 in Q1 2020.
  • Funds reported $60.4M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2020, up 8.6% quarter-over-quarter.
  • 5 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q2 2020 and 6 closed out, a net change of -1 holder.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q2 2020 was Raymond James Financial Services Advisors, an estimated $395K added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q2 2020 was 1776 Wealth, an estimated $2.11M sold.

Based on aggregated 13F filings for Q2 2020.