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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

68 hedge funds and large institutions have $81.7M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

40% more capital invested

Capital invested by funds: $58.3M → $81.7M (+$23.5M)

37% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 19

10% more funds holding

Funds holding: 62 → 68 (+6)

5.6% more ownership

Funds ownership: 17.24% → 22.84% (+5.6%)

Holders
68
Holders Change
+6
Holders Change %
+9.68%
% of All Funds
0.99%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
12
Increased
26
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$5.18M
2
RVPG
Relative Value Partners Group
+$4.61M
3
RL
RPO LLC
Connecticut
+$2.3M
4
1W
1776 Wealth
Georgia
+$1.12M
5
BFM
Boothbay Fund Management
New York
+$1.04M

Top Sellers

1
Osaic Holdings
Osaic Holdings
Arizona
-$661K
2
BPA
Beacon Pointe Advisors
California
-$486K
3
WAM
Wolverine Asset Management
Illinois
-$368K
4
WLPWM
Walled Lake Planning & Wealth Management
Illinois
-$241K
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$237K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
1
Raymond James & Associates
Florida
$10.7M -$129K -7,654 -1%
MP
2
Mangrove Partners
Connecticut
$8.16M +$903K +53,627 +13%
Morgan Stanley
3
Morgan Stanley
New York
$7.3M +$5.18M +307,285 +295%
LPL Financial
4
LPL Financial
California
$5.13M +$869K +51,563 +22%
Cohen & Steers
5
Cohen & Steers
New York
$4.94M – – –
Invesco
6
Invesco
Georgia
$4.92M +$222K +13,151 +5%
RVPG
7
Relative Value Partners Group
$4.85M +$4.61M +273,497 New
Ameriprise
8
Ameriprise
Minnesota
$4.12M +$428K +25,412 +12%
RL
9
RPO LLC
Connecticut
$3.96M +$2.3M +136,538 +157%
RJFSA
10
Raymond James Financial Services Advisors
Florida
$2.23M -$237K -14,069 -10%
BFM
11
Boothbay Fund Management
New York
$1.78M +$1.04M +61,442 +157%
Cambridge Investment Research Advisors
12
Cambridge Investment Research Advisors
Iowa
$1.46M +$82.7K +4,907 +6%
GC
13
Guggenheim Capital
Illinois
$1.37M +$152K +9,009 +13%
Osaic Holdings
14
Osaic Holdings
Arizona
$1.24M -$661K -39,253 -36%
1W
15
1776 Wealth
Georgia
$1.18M +$1.12M +66,737 New
SFG
16
Seamount Financial Group
Colorado
$1.05M +$998K +59,250 New
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$1.01M +$67 +4 +0%
Wells Fargo
18
Wells Fargo
California
$945K +$463K +27,469 +106%
SFS
19
Shaker Financial Services
Virginia
$860K +$507K +30,095 +164%
NA
20
NewEdge Advisors
Louisiana
$823K +$183K +10,853 +32%
RWM
21
Revisor Wealth Management
Ohio
$819K -$163K -9,671 -17%
PAG
22
Private Advisor Group
New Jersey
$758K -$10.7K -634 -1%
Envestnet Asset Management
23
Envestnet Asset Management
Illinois
$745K +$141K +8,373 +25%
LCM
24
Landscape Capital Management
New Jersey
$745K +$707K +41,984 New
CAL
25
Capital Analysts LLC
Pennsylvania
$642K +$363K +21,572 +148%
1
2 3 4

DFP Hedge Fund Activity: Q4 2023 in Review

68 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q4 2023, worth a combined $81.7M — up 40% from $58.3M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new DFP positions and 6 closed out — a net gain of 6 holders — while 26 added to existing stakes and 19 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $5.18M. The largest seller was Osaic Holdings, cutting an estimated $661K.

  • 68 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q4 2023, up from 62 in Q3 2023.
  • Funds reported $81.7M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q4 2023, up 40% quarter-over-quarter.
  • 12 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q4 2023 and 6 closed out, a net change of +6 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $5.18M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q4 2023 was Osaic Holdings, an estimated $661K sold.

Based on aggregated 13F filings for Q4 2023.