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FFC

Flaherty & Crumrine Preferred and Income Securities Fund
FFC

106 hedge funds and large institutions have $136M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2019 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 35 increasing their positions, 28 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

320% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 5

25% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 28

14% more funds holding

Funds holding: 93 → 106 (+13)

8% more capital invested

Capital invested by funds: $126M → $136M (+$9.64M)

0.55% more ownership

Funds ownership: 13.66% → 14.2% (+0.55%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
106
Holders Change
+13
Holders Change %
+13.98%
% of All Funds
2.09%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
21
Increased
35
Reduced
28
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Truist Financial
Truist Financial
North Carolina
+$1.56M
2
LPL Financial
LPL Financial
California
+$1.34M
3
DADC
D.A. Davidson & Co
Montana
+$897K
4
AG
Advisor Group
Arizona
+$704K
5
FIA
Foundations Investment Advisors
Arizona
+$581K

Top Sellers

1
Cohen & Steers
Cohen & Steers
New York
-$1.64M
2
BCA
Bay Colony Advisors
Massachusetts
-$724K
3
Invesco
Invesco
Georgia
-$660K
4
JG
Jefferies Group
New York
-$541K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
-$419K
Name Holding Trade Value Shares
Change 		Change in
Stake
ARG
26
Advisory Resource Group
Oklahoma
$998K -$11.4K -533 -1%
JG
27
Jefferies Group
New York
$975K -$541K -25,297 -36%
Stifel Financial
28
Stifel Financial
Missouri
$943K -$80.2K -3,748 -8%
DADC
29
D.A. Davidson & Co
Montana
$910K +$897K +41,950 New
BAM
30
Bruderman Asset Management
New York
$867K -$288K -13,480 -25%
SS
31
Simplicity Solutions
Minnesota
$819K +$504K +23,552 +166%
TIA
32
Tiemann Investment Advisors
California
$749K – – –
SFS
33
Sowell Financial Services
Arkansas
$744K -$7.06K -330 -1%
Thrivent Financial for Lutherans
34
Thrivent Financial for Lutherans
Minnesota
$735K -$2.14K -100 -0.3%
WS
35
Wedbush Securities
California
$703K +$10.8K +505 +2%
AFA
36
American Financial Advisors
Georgia
$647K -$418K -19,557 -39%
RJFSA
37
Raymond James Financial Services Advisors
Florida
$644K -$158K -7,393 -20%
PAG
38
Private Advisor Group
New Jersey
$640K -$14.8K -693 -2%
TWM
39
Titus Wealth Management
California
$596K +$42.8K +2,000 +8%
FIA
40
Foundations Investment Advisors
Arizona
$592K +$581K +27,166 New
BAM
41
Belpointe Asset Management
Nevada
$585K +$209K +9,753 +37%
AI
42
Atria Investments
North Carolina
$563K +$27.2K +1,271 +5%
BA
43
Bard Associates
Illinois
$556K +$3.74K +175 +0.7%
TF
44
Trek Financial
Arizona
$550K +$14.1K +661 +3%
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$520K +$8.43K +394 +2%
OA
46
Oxbow Advisors
Texas
$504K – – –
PNC Financial Services Group
47
PNC Financial Services Group
Pennsylvania
$482K -$21.4K -1,000 -4%
IAA
48
Independent Advisor Alliance
North Carolina
$479K +$472K +22,083 New
RCM
49
Robinson Capital Management
Michigan
$455K +$326K +15,230 +264%
OC
50
Oppenheimer & Co
New York
$453K – – –
1
2
3 4 5

FFC Hedge Fund Activity: Q4 2019 in Review

106 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q4 2019, worth a combined $136M — up 7.6% from $126M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FFC positions and 5 closed out — a net gain of 16 holders — while 35 added to existing stakes and 28 trimmed.

The largest buyer was Truist Financial, opening a new position worth an estimated $1.56M. The largest seller was Cohen & Steers, cutting an estimated $1.64M.

  • 106 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q4 2019, up from 93 in Q3 2019.
  • Funds reported $136M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q4 2019, up 7.6% quarter-over-quarter.
  • 21 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q4 2019 and 5 closed out, a net change of +16 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q4 2019 was Truist Financial, an estimated $1.56M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q4 2019 was Cohen & Steers, an estimated $1.64M sold.

Based on aggregated 13F filings for Q4 2019.