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FFC

Flaherty & Crumrine Preferred and Income Securities Fund
FFC

117 hedge funds and large institutions have $136M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 34 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 34

1% more capital invested

Capital invested by funds: $134M → $136M (+$1.75M)

1.39% less ownership

Funds ownership: 20.42% → 19.03% (-1.4%)

3% less funds holding

Funds holding: 120 → 117 (-3)

20% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 15

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
117
Holders Change
-3
Holders Change %
-2.5%
% of All Funds
1.69%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
12
Increased
43
Reduced
34
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCM
Penserra Capital Management
California
+$6.75M
2
PI
PFG Investments
New York
+$2.32M
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$1.98M
4
Wells Fargo
Wells Fargo
California
+$1.47M
5
AA
AQR Arbitrage
Connecticut
+$1.15M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$6.2M
2
RL
RPO LLC
Connecticut
-$4.02M
3
MOS
MGO One Seven
Ohio
-$2.5M
4
BFM
Boothbay Fund Management
New York
-$1.5M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$1.58M -$75K -5,206 -5%
CW
27
Connectus Wealth
Ohio
$1.38M -$127K -8,800 -9%
PAS
28
Park Avenue Securities
New York
$1.33M -$64.3K -4,463 -5%
FDCDDQ
29
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.3M +$51.3K +3,560 +4%
HWAM
30
Hennion & Walsh Asset Management
New Jersey
$1.08M +$319K +22,144 +44%
WWM
31
Western Wealth Management
Colorado
$989K -$155K -10,765 -14%
MCIA
32
Mountain Capital Investment Advisors
Colorado
$956K +$27.3K +1,893 +3%
BA
33
Bard Associates
Illinois
$844K -$1.47K -102 -0.2%
Baird Financial Group
34
Baird Financial Group
Wisconsin
$800K +$168K +11,648 +28%
BFM
35
Boothbay Fund Management
New York
$753K -$1.5M -104,518 -67%
Lido Advisors
36
Lido Advisors
California
$705K – – –
Wealth Enhancement Advisory Services
37
Wealth Enhancement Advisory Services
Minnesota
$696K +$45.8K +3,180 +7%
RL
38
RPO LLC
Connecticut
$685K -$4.02M -279,407 -86%
1CP
39
1607 Capital Partners
Virginia
$672K +$224K +15,562 +52%
Cambridge Investment Research Advisors
40
Cambridge Investment Research Advisors
Iowa
$651K +$32.1K +2,233 +5%
Thrivent Financial for Lutherans
41
Thrivent Financial for Lutherans
Minnesota
$641K +$45.5K +3,159 +8%
SFG
42
Seamount Financial Group
Colorado
$539K -$99.9K -6,942 -16%
FSI
43
Flow State Investments
Illinois
$486K -$114K -7,936 -20%
Millennium Management
44
Millennium Management
New York
$485K – – –
MOS
45
MGO One Seven
Ohio
$483K -$2.5M -173,765 -84%
EAM
46
Eschler Asset Management
United Kingdom
$447K – – –
GC
47
Guggenheim Capital
Illinois
$439K +$146K +10,131 +52%
WS
48
Wedbush Securities
California
$404K -$22.8K -1,584 -6%
AFG
49
Atomi Financial Group
New York
$385K -$39.6K -2,750 -10%
AWS
50
Atria Wealth Solutions
New York
$382K +$2.97K +206 +0.8%
1
2
3 4 5

FFC Hedge Fund Activity: Q1 2024 in Review

117 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q1 2024, worth a combined $136M — up 1.3% from $134M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FFC and 12 opened new positions — a net loss of 3 holders — while 34 trimmed existing stakes and 43 added.

The largest buyer was Penserra Capital Management, adding an estimated $6.75M. The largest seller was Morgan Stanley, cutting an estimated $6.2M.

  • 117 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q1 2024, down from 120 in Q4 2023.
  • Funds reported $136M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q1 2024, up 1.3% quarter-over-quarter.
  • 12 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q1 2024 and 15 closed out, a net change of -3 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q1 2024 was Penserra Capital Management, an estimated $6.75M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q1 2024 was Morgan Stanley, an estimated $6.2M sold.

Based on aggregated 13F filings for Q1 2024.