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DFP

Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP

66 hedge funds and large institutions have $94.1M invested in Flaherty & Crumrine Dynamic Preferred and Income Fund in 2024 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $84.7M → $94.1M (+$9.37M)

5% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 22

0.7% more ownership

Funds ownership: 21.46% → 22.16% (+0.7%)

4% less funds holding

Funds holding: 69 → 66 (-3)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
66
Holders Change
-3
Holders Change %
-4.35%
% of All Funds
0.95%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
5
Increased
23
Reduced
22
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$4.61M
2
IAIM
International Assets Investment Management
Florida
+$3.43M
3
Cohen & Steers
Cohen & Steers
New York
+$1.33M
4
GC
Guggenheim Capital
Illinois
+$1.27M
5
Wells Fargo
Wells Fargo
California
+$770K

Top Sellers

1
RL
RPO LLC
Connecticut
-$3.19M
2
BFM
Boothbay Fund Management
New York
-$1.43M
3
LCM
Landscape Capital Management
New Jersey
-$1.02M
4
WAM
Wolverine Asset Management
Illinois
-$903K
5
SFS
Shaker Financial Services
Virginia
-$698K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
1
Raymond James & Associates
Florida
$16M +$275K +13,668 +2%
MP
2
Mangrove Partners
Connecticut
$9.88M – – –
Cohen & Steers
3
Cohen & Steers
New York
$8.81M +$1.33M +66,000 +19%
Invesco
4
Invesco
Georgia
$6.51M -$182K -9,052 -3%
LPL Financial
5
LPL Financial
California
$5.9M -$195K -9,673 -3%
Kovitz Investment Group Partners
6
Kovitz Investment Group Partners
Illinois
$4.91M +$4.61M +229,387 New
Ameriprise
7
Ameriprise
Minnesota
$4.3M -$398K -19,810 -9%
GC
8
Guggenheim Capital
Illinois
$4.14M +$1.27M +63,382 +49%
Morgan Stanley
9
Morgan Stanley
New York
$3.78M -$223K -11,073 -6%
Wells Fargo
10
Wells Fargo
California
$3.64M +$770K +38,272 +29%
RJFSA
11
Raymond James Financial Services Advisors
Florida
$2.95M +$29.7K +1,476 +1%
Cambridge Investment Research Advisors
12
Cambridge Investment Research Advisors
Iowa
$1.88M +$9.03K +449 +0.5%
1W
13
1776 Wealth
Georgia
$1.37M +$905 +45 +0.1%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$1.28M +$579K +28,807 +94%
SFG
15
Seamount Financial Group
Colorado
$1.26M -$9.73K -484 -0.8%
Commonwealth Equity Services
16
Commonwealth Equity Services
Massachusetts
$1.21M +$14.2K +707 +1%
RWM
17
Revisor Wealth Management
Ohio
$1.02M -$224K -11,147 -19%
SFS
18
Shaker Financial Services
Virginia
$953K -$698K -34,693 -44%
SIC
19
Samalin Investment Counsel
New York
$840K +$35.7K +1,777 +5%
NA
20
NewEdge Advisors
Louisiana
$827K -$41.3K -2,055 -5%
Osaic Holdings
21
Osaic Holdings
Arizona
$796K -$23.8K -1,182 -3%
PAG
22
Private Advisor Group
New Jersey
$784K -$191K -9,495 -21%
PS
23
Principal Securities
Iowa
$703K +$70.1K +3,485 +12%
CAL
24
Capital Analysts LLC
Pennsylvania
$695K -$237K -11,808 -27%
ASFA
25
All Season Financial Advisors
Colorado
$647K +$1K +50 +0.2%
1
2 3

DFP Hedge Fund Activity: Q3 2024 in Review

66 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) for Q3 2024, worth a combined $94.1M — up 11% from $84.7M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of DFP and 5 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 23 added.

The largest buyer was Kovitz Investment Group Partners, opening a new position worth an estimated $4.61M. The largest seller was RPO LLC, exiting entirely with an estimated $3.19M sold.

  • 66 institutional investors held Flaherty & Crumrine Dynamic Preferred and Income Fund (DFP) as of Q3 2024, down from 69 in Q2 2024.
  • Funds reported $94.1M of Flaherty & Crumrine Dynamic Preferred and Income Fund stock for Q3 2024, up 11% quarter-over-quarter.
  • 5 funds opened new Flaherty & Crumrine Dynamic Preferred and Income Fund positions in Q3 2024 and 8 closed out, a net change of -3 holders.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund buyer in Q3 2024 was Kovitz Investment Group Partners, an estimated $4.61M added.
  • The largest Flaherty & Crumrine Dynamic Preferred and Income Fund seller in Q3 2024 was RPO LLC, an estimated $3.19M sold.

Based on aggregated 13F filings for Q3 2024.