Flaherty & Crumrine Preferred and Income Securities Fund
FFC
82 hedge funds and large institutions have $137M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
24% more capital invested
Capital invested by funds: $110M → $137M (+$26.7M)
11% more funds holding
Funds holding: 74 → 82 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.02% less ownership
Funds ownership: 13.17% → 13.15% (-0.02%)
16% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$1.72M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.29M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.24M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$516K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$440K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.3M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
-$842K |
| 3 |
LPL Financial
San Diego,
California
|
-$689K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$648K |
| 5 |
CF
Centaurus Financial
Anaheim,
California
|
-$525K |
FFC Hedge Fund Activity: Q3 2018 in Review
82 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2018, worth a combined $137M — up 24% from $110M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FFC positions and 6 closed out — a net gain of 8 holders — while 21 added to existing stakes and 25 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $1.72M. The largest seller was Bank of America, cutting an estimated $4.3M.
- 82 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2018, up from 74 in Q2 2018.
- Funds reported $137M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2018, up 24% quarter-over-quarter.
- 14 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2018 and 6 closed out, a net change of +8 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2018 was Cohen & Steers, an estimated $1.72M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2018 was Bank of America, an estimated $4.3M sold.
Based on aggregated 13F filings for Q3 2018.