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.
11% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 18
11% more capital invested
Capital invested by funds: $50.8M → $56.3M (+$5.5M)
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$7.11M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$780K |
| 3 |
Millennium Management
New York
|
+$513K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$445K |
| 5 |
SIC
Samalin Investment Counsel
Chappaqua,
New York
|
+$256K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$929K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$780K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$336K |
| 4 |
VF
Virtu Financial
New York
|
-$260K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$183K |
DFP Hedge Fund Activity: Q2 2023 in Review
60 of the 6,383 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 11% from $50.8M 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 11% 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.