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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

60 hedge funds and large institutions have $56.3M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more capital invested

Capital invested by funds: $49.7M → $56.3M (+$6.63M)

11% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 18

2.14% more ownership

Funds ownership: 13.89% → 16.03% (+2.1%)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

2% less funds holding

Funds holding: 61 → 60 (-1)

Holders
60
Holders Change
-1
Holders Change %
-1.64%
% of All Funds
0.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
20
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MP
Mangrove Partners
Connecticut
+$7.11M
2
Invesco
Invesco
Georgia
+$780K
3
Millennium Management
Millennium Management
New York
+$513K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$445K
5
SIC
Samalin Investment Counsel
New York
+$256K

Top Sellers

1
WAM
Wolverine Asset Management
Illinois
-$929K
2
Stifel Financial
Stifel Financial
Missouri
-$780K
3
RJA
Raymond James & Associates
Florida
-$336K
4
VF
Virtu Financial
New York
-$260K
5
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$183K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
1
Raymond James & Associates
Florida
$9.28M -$336K -19,197 -3%
MP
2
Mangrove Partners
Connecticut
$7.07M +$7.11M +406,000 New
Invesco
3
Invesco
Georgia
$4.46M +$780K +44,528 +21%
Cohen & Steers
4
Cohen & Steers
New York
$4.45M +$175K +10,000 +4%
LPL Financial
5
LPL Financial
California
$4.24M +$186K +10,597 +5%
RJFSA
6
Raymond James Financial Services Advisors
Florida
$2.5M -$75.4K -4,301 -3%
HBCM
7
Heron Bay Capital Management
Michigan
$2.28M -$132K -7,519 -5%
PAG
8
Private Advisor Group
New Jersey
$2.17M +$114K +6,529 +6%
Ameriprise
9
Ameriprise
Minnesota
$2.13M +$104K +5,915 +5%
Morgan Stanley
10
Morgan Stanley
New York
$1.65M +$43.6K +2,491 +3%
1W
11
1776 Wealth
Georgia
$1.41M -$91.6K -5,228 -6%
Cambridge Investment Research Advisors
12
Cambridge Investment Research Advisors
Iowa
$1.26M +$240K +13,688 +23%
Osaic Holdings
13
Osaic Holdings
Arizona
$1.13M +$103K +5,885 +10%
GC
14
Guggenheim Capital
Illinois
$1.13M +$53.8K +3,069 +5%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$988K -$98.6K -5,625 -9%
MC
16
Mathes Company
New York
$651K +$654K +37,350 New
OA
17
Oxbow Advisors
Texas
$637K +$13.3K +760 +2%
CF
18
Centaurus Financial
California
$624K -$13.9K -793 -2%
CSPIA
19
Cary Street Partners Investment Advisory
Virginia
$526K – – –
Millennium Management
20
Millennium Management
New York
$510K +$513K +29,285 New
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$443K +$445K +25,414 New
Wells Fargo
22
Wells Fargo
California
$393K -$6.34K -362 -2%
WS
23
Wedbush Securities
California
$389K -$73.2K -4,178 -16%
MFG
24
Merit Financial Group
Georgia
$378K +$2K +114 +0.5%
PVM
25
Palogic Value Management
Texas
$368K -$17.5K -1,000 -5%
1
2 3

DFP Hedge Fund Activity: Q2 2023 in Review

60 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q2 2023, worth a combined $56.3M — up 13% from $49.7M a quarter earlier.

Fund positioning in DFP was balanced in Q2 2023: 7 funds opened new positions, 7 closed out, 20 added to existing stakes and 18 trimmed.

The largest buyer was Mangrove Partners, opening a new position worth an estimated $7.11M. The largest seller was Wolverine Asset Management, cutting an estimated $929K.

  • 60 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q2 2023, down from 61 in Q1 2023.
  • Funds reported $56.3M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q2 2023, up 13% quarter-over-quarter.
  • 7 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q2 2023 and 7 closed out, a net change of 0 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q2 2023 was Mangrove Partners, an estimated $7.11M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q2 2023 was Wolverine Asset Management, an estimated $929K sold.

Based on aggregated 13F filings for Q2 2023.