We are live on ! Find out more
FFC

Flaherty & Crumrine Preferred and Income Securities Fund
FFC

73 hedge funds and large institutions have $95.6M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 27 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more capital invested

Capital invested by funds: $84M → $95.6M (+$11.6M)

0.44% more ownership

Funds ownership: 10.13% → 10.57% (+0.44%)

4% less funds holding

Funds holding: 76 → 73 (-3)

18% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 11

19% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 27

Holders
73
Holders Change
-3
Holders Change %
-3.95%
% of All Funds
1.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
22
Reduced
27
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$3.19M
2
Ameriprise
Ameriprise
Minnesota
+$2.01M
3
RCM
Robinson Capital Management
Michigan
+$2M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$542K
5
RJFSA
Raymond James Financial Services Advisors
Florida
+$353K

Top Sellers

1
LCM
Laurion Capital Management
New York
-$2.52M
2
Morgan Stanley
Morgan Stanley
New York
-$1.14M
3
Wells Fargo
Wells Fargo
California
-$414K
4
VKH
Virtu KCG Holdings
New York
-$362K
5
Millennium Management
Millennium Management
New York
-$301K
Name Holding Trade Value Shares
Change 		Change in
Stake
SF
51
Synovus Financial
Georgia
$77K -$10K -505 -12%
NSIM
52
North Star Investment Management
Illinois
$68K – – –
IWM
53
IHT Wealth Management
Illinois
$67K -$8.6K -434 -12%
DADC
54
D.A. Davidson & Co
Montana
$48K -$1.49K -75 -3%
LWM
55
Lenox Wealth Management
Ohio
$40K – – –
WT
56
Whittier Trust
California
$39K -$5.29K -267 -12%
ASN
57
Advisory Services Network
Georgia
$29K +$27.6K +1,390 New
AAM
58
Advisors Asset Management
Colorado
$28K -$2.85K -144 -10%
NFG
59
Next Financial Group
Texas
$25K -$4.46K -225 -16%
Bank of Montreal
60
Bank of Montreal
Ontario, Canada
$25K – – –
Manulife (Manufacturers Life Insurance)
61
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$21K -$1.98K -100 -9%
PFGIA
62
Patriot Financial Group Insurance Agency
Massachusetts
$17K +$238 +12 +1%
CFA
63
Carroll Financial Associates
North Carolina
$16K – – –
WTB
64
Washington Trust Bank
Washington
$13K – – –
PMFA
65
Plante Moran Financial Advisors
Michigan
$13K +$12.6K +635 New
PCM
66
Penserra Capital Management
California
$12K -$1.65K -83 -12%
PSW
67
Portfolio Strategies (Washington)
Washington
$12K – – –
SLF
68
Sun Life Financial
Ontario, Canada
$11.5K +$4.68K +236 New
FFC
69
First Financial Corp
Indiana
$9K +$8.21K +414 New
BIG
70
Bellwether Investment Group
Tennessee
$5K – – –
CFD
71
Creative Financial Designs
Indiana
$4K – – –
AWM
72
Avior Wealth Management
Nebraska
$3K – – –
OSNBOA
73
Old Second National Bank of Aurora
Illinois
$3K – – –
LCM
74
Laurion Capital Management
New York
– -$2.52M -133,519 Closed
VKH
75
Virtu KCG Holdings
New York
– -$362K -19,197 Closed
1 2
3
4

FFC Hedge Fund Activity: Q1 2017 in Review

73 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q1 2017, worth a combined $95.6M — up 14% from $84M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of FFC and 9 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 22 added.

The largest buyer was Bank of America, adding an estimated $3.19M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $2.52M sold.

  • 73 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q1 2017, down from 76 in Q4 2016.
  • Funds reported $95.6M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q1 2017, up 14% quarter-over-quarter.
  • 9 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q1 2017 and 11 closed out, a net change of -2 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q1 2017 was Bank of America, an estimated $3.19M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q1 2017 was Laurion Capital Management, an estimated $2.52M sold.

Based on aggregated 13F filings for Q1 2017.