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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

62 hedge funds and large institutions have $58.3M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 15 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 15

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

3% more funds holding

Funds holding: 60 → 62 (+2)

1.2% more ownership

Funds ownership: 16.03% → 17.24% (+1.2%)

3% more capital invested

Capital invested by funds: $56.3M → $58.3M (+$1.96M)

Holders
62
Holders Change
+2
Holders Change %
+3.33%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
22
Reduced
15
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RL
RPO LLC
Connecticut
+$1.52M
2
Ameriprise
Ameriprise
Minnesota
+$1.48M
3
RJA
Raymond James & Associates
Florida
+$1.38M
4
RWM
Revisor Wealth Management
Ohio
+$977K
5
Osaic Holdings
Osaic Holdings
Arizona
+$772K

Top Sellers

1
HBCM
Heron Bay Capital Management
Michigan
-$2.28M
2
PAG
Private Advisor Group
New Jersey
-$1.43M
3
1W
1776 Wealth
Georgia
-$1.41M
4
OA
Oxbow Advisors
Texas
-$637K
5
WP
Woodline Partners
California
-$319K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
1
Raymond James & Associates
Florida
$10.3M +$1.38M +78,677 +15%
MP
2
Mangrove Partners
Connecticut
$6.81M – – –
Cohen & Steers
3
Cohen & Steers
New York
$4.67M +$403K +23,000 +9%
Invesco
4
Invesco
Georgia
$4.43M +$142K +8,112 +3%
LPL Financial
5
LPL Financial
California
$3.98M -$108K -6,152 -3%
Ameriprise
6
Ameriprise
Minnesota
$3.47M +$1.48M +84,730 +69%
RJFSA
7
Raymond James Financial Services Advisors
Florida
$2.34M -$74.4K -4,250 -3%
Osaic Holdings
8
Osaic Holdings
Arizona
$1.83M +$772K +44,105 +68%
Morgan Stanley
9
Morgan Stanley
New York
$1.74M +$163K +9,280 +10%
RL
10
RPO LLC
Connecticut
$1.45M +$1.52M +86,745 New
Cambridge Investment Research Advisors
11
Cambridge Investment Research Advisors
Iowa
$1.3M +$89.7K +5,120 +7%
GC
12
Guggenheim Capital
Illinois
$1.15M +$58.2K +3,324 +5%
Commonwealth Equity Services
13
Commonwealth Equity Services
Massachusetts
$951K -$193 -11 -0%
RWM
14
Revisor Wealth Management
Ohio
$936K +$977K +55,796 New
WAM
15
Wolverine Asset Management
Illinois
$900K +$758K +43,274 +416%
PAG
16
Private Advisor Group
New Jersey
$727K -$1.43M -81,426 -65%
BFM
17
Boothbay Fund Management
New York
$655K +$684K +39,035 New
Millennium Management
18
Millennium Management
New York
$626K +$141K +8,047 +27%
NA
19
NewEdge Advisors
Louisiana
$565K +$310K +17,698 +111%
Envestnet Asset Management
20
Envestnet Asset Management
Illinois
$564K +$144K +8,209 +32%
CSPIA
21
Cary Street Partners Investment Advisory
Virginia
$506K – – –
CF
22
Centaurus Financial
California
$489K -$117K -6,673 -19%
BPA
23
Beacon Pointe Advisors
California
$486K +$508K +28,982 New
PNC Financial Services Group
24
PNC Financial Services Group
Pennsylvania
$469K +$314K +17,945 +179%
MC
25
Mathes Company
New York
$468K -$166K -9,450 -25%
1
2 3

DFP Hedge Fund Activity: Q3 2023 in Review

62 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q3 2023, worth a combined $58.3M — up 3.5% from $56.3M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new DFP positions and 8 closed out — a net gain of 2 holders — while 22 added to existing stakes and 15 trimmed.

The largest buyer was RPO LLC, opening a new position worth an estimated $1.52M. The largest seller was Heron Bay Capital Management, exiting entirely with an estimated $2.28M sold.

  • 62 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q3 2023, up from 60 in Q2 2023.
  • Funds reported $58.3M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q3 2023, up 3.5% quarter-over-quarter.
  • 10 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q3 2023 and 8 closed out, a net change of +2 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q3 2023 was RPO LLC, an estimated $1.52M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q3 2023 was Heron Bay Capital Management, an estimated $2.28M sold.

Based on aggregated 13F filings for Q3 2023.