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FFC

Flaherty & Crumrine Preferred and Income Securities Fund

67 hedge funds and large institutions have $109M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 10

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

6% more funds holding

Funds holding: 6367 (+4)

4% more capital invested

Capital invested by funds: $105M → $109M (+$4.55M)

0.65% more ownership

Funds ownership: 11.58%12.23% (+0.65%)

Holders
67
Holders Change
+4
Holders Change %
+6.35%
% of All Funds
1.94%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
26
Reduced
10
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
OC
26
Oppenheimer & Co
New York
$520K +$520K +26,920 New
IH
27
IFC Holdings
Florida
$428K
CA
28
Cetera Advisors
Colorado
$418K +$9.65K +500 +2%
CIA
29
Capital Investment Advisors
Georgia
$408K +$772 +40 +0.2%
MBT
30
Montecito Bank & Trust
California
$397K -$21.5K -1,115 -5%
VFS
31
VSR Financial Services
Kansas
$389K +$38.6K +2,000 +11%
FAAS
32
First Allied Advisory Services
California
$387K +$10K +520 +3%
VKH
33
Virtu KCG Holdings
New York
$353K +$353K +18,287 New
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$329K
SGCA
35
Steel Grove Capital Advisors
Tennessee
$302K -$1.06K -55 -0.4%
SIA
36
Sit Investment Associates
Minnesota
$290K
RJFSA
37
Raymond James Financial Services Advisors
Florida
$271K +$22.5K +1,166 +9%
BRWA
38
B. Riley Wealth Advisors
Florida
$218K -$217K -11,263 -50%
CWM
39
Concert Wealth Management
California
$205K
GEM
40
Global Endowment Management
North Carolina
$193K
WT
41
Whittier Trust
California
$103K
PSUF
42
People's United Financial
Connecticut
$96K
GGPS
43
Gary Goldberg Planning Services
New York
$92K +$10.9K +566 +14%
WEC
44
Winslow Evans & Crocker
Massachusetts
$85.1K
TRCT
45
Tower Research Capital (TRC)
New York
$81K +$81.1K +4,200 New
NSIM
46
North Star Investment Management
Illinois
$56K
SF
47
Synovus Financial
Georgia
$54K
NES
48
New England Securities
New York
$50K +$50.2K +2,600 New
PTC
49
Private Trust Company
Ohio
$41K
LWM
50
Lenox Wealth Management
Ohio
$38K +$37.6K +1,950 New

FFC Hedge Fund Activity: Q3 2014 in Review

67 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2014, worth a combined $109M — up 4.4% from $105M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FFC positions and 4 closed out — a net gain of 4 holders — while 26 added to existing stakes and 10 trimmed.

The largest buyer was UBS, adding an estimated $2.5M. The largest seller was Bank of America, cutting an estimated $1.7M.

  • 67 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2014, up from 63 in Q2 2014.
  • Funds reported $109M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2014, up 4.4% quarter-over-quarter.
  • 8 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2014 and 4 closed out, a net change of +4 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2014 was UBS, an estimated $2.5M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2014 was Bank of America, an estimated $1.7M sold.

Based on aggregated 13F filings for Q3 2014.