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FFC

Flaherty & Crumrine Preferred and Income Securities Fund

65 hedge funds and large institutions have $83.8M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more funds holding

Funds holding: 6465 (+1)

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

0.01% less ownership

Funds ownership: 10.37%10.36% (-0.01%)

3% less capital invested

Capital invested by funds: $86.4M → $83.8M (-$2.6M)

46% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 26

Holders
65
Holders Change
+1
Holders Change %
+1.56%
% of All Funds
1.89%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
12
Increased
14
Reduced
26
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
OC
26
Oppenheimer & Co
New York
$449K -$11.8K -666 -3%
MBT
27
Montecito Bank & Trust
California
$432K -$323K -18,255 -43%
VFS
28
VSR Financial Services
Kansas
$431K +$436K +24,632 New
AIG
29
American International Group
New York
$335K +$2.09K +118 +0.6%
SGCA
30
Steel Grove Capital Advisors
Tennessee
$291K
CIA
31
Capital Investment Advisors
Georgia
$286K +$289K +16,347 New
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$274K +$4.4K +249 +2%
SIA
33
Sit Investment Associates
Minnesota
$262K
RJA
34
Raymond James & Associates
Florida
$245K -$21.9K -1,240 -8%
ACP
35
Aviance Capital Partners
Florida
$213K -$96.8K -5,475 -31%
RJFSA
36
Raymond James Financial Services Advisors
Florida
$212K
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$212K +$106K +6,009 +99%
CWM
38
Concert Wealth Management
California
$202K -$17.7K -1,000 -8%
Barclays
39
Barclays
United Kingdom
$201K +$115K +6,525 +123%
BRWA
40
B. Riley Wealth Advisors
Florida
$197K +$110K +6,230 +124%
GEM
41
Global Endowment Management
North Carolina
$175K +$177K +10,000 New
WT
42
Whittier Trust
California
$166K +$168K +9,485 New
Deutsche Bank
43
Deutsche Bank
Germany
$115K +$98.7K +5,583 +540%
PSUF
44
People's United Financial
Connecticut
$87K
WEC
45
Winslow Evans & Crocker
Massachusetts
$77K +$77.9K +4,406 New
ASN
46
Advisory Services Network
Georgia
$66K +$66.3K +3,750 New
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$50K
SF
48
Synovus Financial
Georgia
$49K -$50.2K -2,838 -51%
PTC
49
Private Trust Company
Ohio
$37K
SMU
50
Signet Management USA
Virginia
$36K +$36.7K +2,076 New

FFC Hedge Fund Activity: Q4 2013 in Review

65 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q4 2013, worth a combined $83.8M — down 3% from $86.4M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new FFC positions and 11 closed out — a net gain of 1 holder — while 14 added to existing stakes and 26 trimmed.

The largest buyer was Oxbow Advisors, adding an estimated $2.63M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $2.44M sold.

  • 65 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q4 2013, up from 64 in Q3 2013.
  • Funds reported $83.8M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q4 2013, down 3% quarter-over-quarter.
  • 12 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q4 2013 and 11 closed out, a net change of +1 holder.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q4 2013 was Oxbow Advisors, an estimated $2.63M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q4 2013 was Susquehanna International Group, an estimated $2.44M sold.

Based on aggregated 13F filings for Q4 2013.