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FFC

Flaherty & Crumrine Preferred and Income Securities Fund
FFC

78 hedge funds and large institutions have $82.7M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2015 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 7

4% more funds holding

Funds holding: 75 → 78 (+3)

5% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 22

0.29% less ownership

Funds ownership: 10.39% → 10.1% (-0.29%)

3% less capital invested

Capital invested by funds: $84.8M → $82.7M (-$2.15M)

Holders
78
Holders Change
+3
Holders Change %
+4%
% of All Funds
2.18%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
10
Increased
23
Reduced
22
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
UCFA
United Capital Financial Advisors
Texas
+$1.32M
2
AF
Affiance Financial
Minnesota
+$1.3M
3
Northern Trust
Northern Trust
Illinois
+$600K
4
CCM
Covington Capital Management
California
+$548K
5
TFF
The Family Firm
Maryland
+$377K

Top Sellers

1
NL
NWAM LLC
Washington
-$3.99M
2
GC
Guggenheim Capital
Illinois
-$1.39M
3
LPL Financial
LPL Financial
California
-$729K
4
Cohen & Steers
Cohen & Steers
New York
-$527K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$460K
Name Holding Trade Value Shares
Change 		Change in
Stake
WEC
51
Winslow Evans & Crocker
Massachusetts
$82.6K – – –
MFS
52
MSI Financial Services
Massachusetts
$69K +$6.14K +328 +10%
AAM
53
Advisors Asset Management
Colorado
$57K +$27.4K +1,463 +92%
Bank of Montreal
54
Bank of Montreal
Ontario, Canada
$48K +$24.7K +1,319 +110%
Northwestern Mutual Wealth Management
55
Northwestern Mutual Wealth Management
Wisconsin
$40K +$3.03K +162 +8%
LWM
56
Lenox Wealth Management
Ohio
$37K – – –
NSIM
57
North Star Investment Management
Illinois
$35K -$1.93K -103 -5%
CAPTRUST Financial Advisors
58
CAPTRUST Financial Advisors
North Carolina
$33K – – –
IWMPD
59
Integrated Wealth Management (Palm Desert)
California
$26K +$26.2K +1,400 New
ASN
60
Advisory Services Network
Georgia
$25K +$25.1K +1,344 New
DADC
61
D.A. Davidson & Co
Montana
$24K – – –
Citigroup
62
Citigroup
New York
$23K – – –
FAM
63
Formidable Asset Management
Ohio
$20K – – –
HF
64
Hoxton Financial
West Virginia
$19K – – –
SIG
65
Stanford Investment Group
California
$19K – – –
NFG
66
Next Financial Group
Texas
$16K – – –
CFA
67
Carroll Financial Associates
North Carolina
$15K – – –
JWA
68
JFS Wealth Advisors
Pennsylvania
$15K +$15K +800 New
DBT
69
Dubuque Bank & Trust
Iowa
$10K – – –
TFA
70
Transamerica Financial Advisors
Florida
$10K – – –
OSNBOA
71
Old Second National Bank of Aurora
Illinois
$9K – – –
AWM
72
Avior Wealth Management
Nebraska
$8K – – –
JIC
73
Joel Isaacson & Co
New York
$8K – – –
HR
74
Howe & Rusling
New York
$6K – – –
WTB
75
Washington Trust Bank
Washington
$5K – – –
1 2
3
4

FFC Hedge Fund Activity: Q3 2015 in Review

78 of the 3,581 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2015, worth a combined $82.7M — down 2.5% from $84.8M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new FFC positions and 7 closed out — a net gain of 3 holders — while 23 added to existing stakes and 22 trimmed.

The largest buyer was United Capital Financial Advisors, opening a new position worth an estimated $1.32M. The largest seller was NWAM LLC, exiting entirely with an estimated $3.99M sold.

  • 78 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2015, up from 75 in Q2 2015.
  • Funds reported $82.7M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2015, down 2.5% quarter-over-quarter.
  • 10 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2015 and 7 closed out, a net change of +3 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2015 was United Capital Financial Advisors, an estimated $1.32M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2015 was NWAM LLC, an estimated $3.99M sold.

Based on aggregated 13F filings for Q3 2015.