We are live on ! Find out more
FFC

Flaherty & Crumrine Preferred and Income Securities Fund
FFC

62 hedge funds and large institutions have $98.3M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 25 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 18

2% more capital invested

Capital invested by funds: $96.6M → $98.3M (+$1.69M)

0.44% more ownership

Funds ownership: 9.98% → 10.42% (+0.44%)

7% less funds holding

Funds holding: 67 → 62 (-5)

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7

Holders
62
Holders Change
-5
Holders Change %
-7.46%
% of All Funds
1.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
25
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$5.84M
2
FFA
First Foundation Advisors
California
+$1.74M
3
Wells Fargo
Wells Fargo
California
+$568K
4
CCM
Covington Capital Management
California
+$479K
5
Citadel Advisors
Citadel Advisors
Florida
+$371K

Top Sellers

1
RCM
Robinson Capital Management
Michigan
-$2.22M
2
AG
Advisor Group
Arizona
-$1.28M
3
NPC
National Planning Corporation
California
-$938K
4
EDRH
Edmond de Rothschild Holding
Switzerland
-$501K
5
SXL
Summit X LLC
Missouri
-$229K
Name Holding Trade Value Shares
Change 		Change in
Stake
WT
51
Whittier Trust
California
$41K – – –
ASN
52
Advisory Services Network
Georgia
$34K +$21 +1 +0.1%
WTB
53
Washington Trust Bank
Washington
$28K +$13.8K +650 +100%
Bank of Montreal
54
Bank of Montreal
Ontario, Canada
$26K – – –
Manulife (Manufacturers Life Insurance)
55
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$21K – – –
CFA
56
Carroll Financial Associates
North Carolina
$17K – – –
FFC
57
First Financial Corp
Indiana
$9K – – –
NFG
58
Next Financial Group
Texas
$9K – – –
PFGIA
59
Patriot Financial Group Insurance Agency
Massachusetts
$6K -$2.74K -129 -30%
AWM
60
Avior Wealth Management
Nebraska
$6K – – –
SPIA
61
Steward Partners Investment Advisory
New York
$5K +$5.31K +250 New
CFD
62
Creative Financial Designs
Indiana
$4K – – –
OSNBOA
63
Old Second National Bank of Aurora
Illinois
$3K – – –
RCM
64
Robinson Capital Management
Michigan
– -$2.22M -101,116 Closed
EDRH
65
Edmond de Rothschild Holding
Switzerland
– -$501K -22,820 Closed
SXL
66
Summit X LLC
Missouri
– -$229K -10,453 Closed
PSUF
67
People's United Financial
Connecticut
– -$109K -4,954 Closed
DADC
68
D.A. Davidson & Co
Montana
– -$51K -2,350 Closed
VWA
69
V Wealth Advisors
Kansas
– -$22K -1,000 Closed
PCM
70
Penserra Capital Management
California
– -$14K -682 Closed
1 2
3

FFC Hedge Fund Activity: Q3 2017 in Review

62 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2017, worth a combined $98.3M — up 1.7% from $96.6M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of FFC and 3 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 25 added.

The largest buyer was Bank of America, adding an estimated $5.84M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.22M sold.

  • 62 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2017, down from 67 in Q2 2017.
  • Funds reported $98.3M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2017, up 1.7% quarter-over-quarter.
  • 3 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2017 and 7 closed out, a net change of -4 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2017 was Bank of America, an estimated $5.84M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2017 was Robinson Capital Management, an estimated $2.22M sold.

Based on aggregated 13F filings for Q3 2017.