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FFC

Flaherty & Crumrine Preferred and Income Securities Fund
FFC

79 hedge funds and large institutions have $97.5M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 19 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 19

18% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 11

3% more funds holding

Funds holding: 77 → 79 (+2)

1.29% more ownership

Funds ownership: 10.31% → 11.59% (+1.3%)

5% more capital invested

Capital invested by funds: $93.1M → $97.5M (+$4.42M)

Holders
79
Holders Change
+2
Holders Change %
+2.6%
% of All Funds
1.81%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
13
Increased
31
Reduced
19
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$4.38M
2
AF
Affiance Financial
Minnesota
+$3.96M
3
WAM
Wolverine Asset Management
Illinois
+$2.7M
4
RCM
Robinson Capital Management
Michigan
+$2.63M
5
LPL Financial
LPL Financial
California
+$1.82M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$1.99M
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.96M
3
ADBIC
A.D. Beadell Investment Counsel
Wisconsin
-$1.82M
4
LCM
Laurion Capital Management
New York
-$1.56M
5
CAN
Cetera Advisor Networks
California
-$959K
Name Holding Trade Value Shares
Change 		Change in
Stake
NMC
51
Nine Masts Capital
Hong Kong
$143K +$144K +7,500 New
CAC
52
Certified Advisory Corp
Florida
$139K +$828 +43 +0.6%
Northwestern Mutual Wealth Management
53
Northwestern Mutual Wealth Management
Wisconsin
$130K -$22.9K -1,189 -15%
APA
54
American Portfolios Advisors
New York
$107K +$327 +17 +0.3%
Deutsche Bank
55
Deutsche Bank
Germany
$101K +$102K +5,325 New
WEC
56
Winslow Evans & Crocker
Massachusetts
$83.7K – – –
MCM
57
Mainstay Capital Management
Michigan
$66K +$48.1K +2,500 +250%
WC
58
Westwind Capital
New Mexico
$58K – – –
IWM
59
IHT Wealth Management
Illinois
$45K – – –
WTB
60
Washington Trust Bank
Washington
$42K – – –
NSIM
61
North Star Investment Management
Illinois
$40K – – –
TA
62
Townsend & Associates
Colorado
$38K -$27.7K -1,437 -42%
CFA
63
Carroll Financial Associates
North Carolina
$28K +$13.2K +685 +86%
SEI Investments
64
SEI Investments
Pennsylvania
$27K +$17.3K +900 +174%
SF
65
Synovus Financial
Georgia
$25K +$25K +1,297 New
Bank of Montreal
66
Bank of Montreal
Ontario, Canada
$23K – – –
AF
67
Advisornet Financial
Minnesota
$21K +$21.2K +1,100 New
Bessemer Group
68
Bessemer Group
New Jersey
$20K – – –
PCG
69
Private Capital Group
Connecticut
$20K +$20.1K +1,044 New
Manulife (Manufacturers Life Insurance)
70
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$19K – – –
SPIA
71
Steward Partners Investment Advisory
New York
$17K – – –
LA
72
Legacy Advisors
Pennsylvania
$13K – – –
SLF
73
Sun Life Financial
Ontario, Canada
$11.5K -$217K -11,281 -98%
SWP
74
Stratos Wealth Partners
Ohio
$11K +$7.7K +400 +221%
WT
75
Whittier Trust
California
$9K – – –
1 2
3
4

FFC Hedge Fund Activity: Q1 2018 in Review

79 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q1 2018, worth a combined $97.5M — up 4.8% from $93.1M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FFC positions and 11 closed out — a net gain of 2 holders — while 31 added to existing stakes and 19 trimmed.

The largest buyer was Bank of America, adding an estimated $4.38M. The largest seller was UBS Group, cutting an estimated $1.99M.

  • 79 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q1 2018, up from 77 in Q4 2017.
  • Funds reported $97.5M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q1 2018, up 4.8% quarter-over-quarter.
  • 13 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q1 2018 and 11 closed out, a net change of +2 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q1 2018 was Bank of America, an estimated $4.38M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q1 2018 was UBS Group, an estimated $1.99M sold.

Based on aggregated 13F filings for Q1 2018.