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FFC

Flaherty & Crumrine Preferred and Income Securities Fund

62 hedge funds and large institutions have $98.3M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 25 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 18

2% more capital invested

Capital invested by funds: $96.6M → $98.3M (+$1.69M)

0.44% more ownership

Funds ownership: 9.98%10.42% (+0.44%)

7% less funds holding

Funds holding: 6762 (-5)

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7

Holders
62
Holders Change
-5
Holders Change %
-7.46%
% of All Funds
1.55%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
3
Increased
25
Reduced
18
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
OC
26
Oppenheimer & Co
New York
$648K +$5.21K +245 +0.8%
SPC
27
Sigma Planning Corp
Michigan
$517K -$5.52K -260 -1%
NPC
28
National Planning Corporation
California
$511K -$938K -44,137 -65%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$447K -$34K -1,600 -7%
ICOA
30
Investment Centers of America
North Dakota
$393K -$15.8K -745 -4%
Citadel Advisors
31
Citadel Advisors
Florida
$373K +$371K +17,453 New
RJA
32
Raymond James & Associates
Florida
$359K -$23.5K -1,106 -6%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$355K -$17K -800 -5%
FAAS
34
First Allied Advisory Services
California
$337K +$13.8K +650 +4%
SIA
35
Sit Investment Associates
Minnesota
$321K
OA
36
Oxbow Advisors
Texas
$300K -$198K -9,300 -40%
GWM
37
Geneos Wealth Management
Colorado
$287K -$32.2K -1,515 -10%
SBIA
38
Sheaff Brock Investment Advisors
Indiana
$261K +$1.96K +92 +0.8%
Creative Planning
39
Creative Planning
Kansas
$259K +$51K +2,399 +25%
HighTower Advisors
40
HighTower Advisors
Illinois
$258K +$42 +2 +0%
SLF
41
Sun Life Financial
Ontario, Canada
$246K
JCM
42
Jacobi Capital Management
Pennsylvania
$236K +$15.1K +712 +7%
US Bancorp
43
US Bancorp
Minnesota
$182K
Cohen & Steers
44
Cohen & Steers
New York
$179K +$1.27K +60 +0.7%
LF
45
Lee Financial
Texas
$163K
IA
46
IFP Advisors
Florida
$153K -$35.9K -1,688 -19%
Northwestern Mutual Wealth Management
47
Northwestern Mutual Wealth Management
Wisconsin
$146K +$31.9K +1,500 +28%
WEC
48
Winslow Evans & Crocker
Massachusetts
$94.3K
NSIM
49
North Star Investment Management
Illinois
$71K
IWM
50
IHT Wealth Management
Illinois
$51K

FFC Hedge Fund Activity: Q3 2017 in Review

62 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2017, worth a combined $98.3M — up 1.7% from $96.6M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of FFC and 3 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 25 added.

The largest buyer was Bank of America, adding an estimated $5.84M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.22M sold.

  • 62 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2017, down from 67 in Q2 2017.
  • Funds reported $98.3M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2017, up 1.7% quarter-over-quarter.
  • 3 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2017 and 7 closed out, a net change of -4 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2017 was Bank of America, an estimated $5.84M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2017 was Robinson Capital Management, an estimated $2.22M sold.

Based on aggregated 13F filings for Q3 2017.