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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund

66 hedge funds and large institutions have $53.1M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2022 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

350% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 4

22% more funds holding

Funds holding: 5466 (+12)

15% more capital invested

Capital invested by funds: $46M → $53.1M (+$7.08M)

2.65% more ownership

Funds ownership: 12.02%14.66% (+2.6%)

19% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 21

Holders
66
Holders Change
+12
Holders Change %
+22.22%
% of All Funds
1.06%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
18
Increased
17
Reduced
21
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RJA
1
Raymond James & Associates
Florida
$8.94M +$627K +32,818 +7%
Invesco
2
Invesco
Georgia
$4.96M +$928K +48,566 +22%
Cohen & Steers
3
Cohen & Steers
New York
$4.77M +$1.61M +84,152 +49%
LPL Financial
4
LPL Financial
California
$4.28M -$148K -7,736 -3%
Ameriprise
5
Ameriprise
Minnesota
$3.38M +$2.92M +152,721 +541%
RJFSA
6
Raymond James Financial Services Advisors
Florida
$2.85M -$242K -12,662 -8%
HBCM
7
Heron Bay Capital Management
Michigan
$1.85M +$1.88M +98,667 New
Morgan Stanley
8
Morgan Stanley
New York
$1.67M -$263K -13,750 -13%
1W
9
1776 Wealth
Georgia
$1.66M -$323K -16,899 -16%
WAM
10
Wolverine Asset Management
Illinois
$1.33M +$140K +7,316 +12%
GC
11
Guggenheim Capital
Illinois
$1.16M +$245K +12,818 +26%
Commonwealth Equity Services
12
Commonwealth Equity Services
Massachusetts
$1.15M +$131K +6,835 +12%
Osaic Holdings
13
Osaic Holdings
Arizona
$1.13M +$219K +11,479 +24%
Cambridge Investment Research Advisors
14
Cambridge Investment Research Advisors
Iowa
$1.12M +$215K +11,267 +23%
Stifel Financial
15
Stifel Financial
Missouri
$750K -$67.5K -3,535 -8%
MC
16
Mathes Company
New York
$699K -$95.5K -5,000 -12%
CF
17
Centaurus Financial
California
$687K +$55.7K +2,918 +9%
OA
18
Oxbow Advisors
Texas
$680K -$49.1K -2,570 -7%
CSPIA
19
Cary Street Partners Investment Advisory
Virginia
$565K -$61K -3,195 -10%
EC
20
Elequin Capital
New York
$519K +$530K +27,718 New
WS
21
Wedbush Securities
California
$504K -$29K -1,519 -5%
Wells Fargo
22
Wells Fargo
California
$500K -$122K -6,365 -19%
Millennium Management
23
Millennium Management
New York
$478K +$489K +25,573 New
MFG
24
Merit Financial Group
Georgia
$454K -$49K -2,566 -10%
PVM
25
Palogic Value Management
Texas
$451K +$460K +24,100 New

DFP Hedge Fund Activity: Q4 2022 in Review

66 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2022, worth a combined $53.1M — up 15% from $46M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new DFP positions and 4 closed out — a net gain of 14 holders — while 17 added to existing stakes and 21 trimmed.

The largest buyer was Ameriprise, adding an estimated $2.92M. The largest seller was Ropes Wealth Advisors, exiting entirely with an estimated $347K sold.

  • 66 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2022, up from 54 in Q3 2022.
  • Funds reported $53.1M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2022, up 15% quarter-over-quarter.
  • 18 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2022 and 4 closed out, a net change of +14 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2022 was Ameriprise, an estimated $2.92M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2022 was Ropes Wealth Advisors, an estimated $347K sold.

Based on aggregated 13F filings for Q4 2022.