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FFC

Flaherty & Crumrine Preferred and Income Securities Fund

82 hedge funds and large institutions have $137M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

24% more capital invested

Capital invested by funds: $110M → $137M (+$26.7M)

11% more funds holding

Funds holding: 7482 (+8)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.02% less ownership

Funds ownership: 13.17%13.15% (-0.02%)

16% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 25

Holders
82
Holders Change
+8
Holders Change %
+10.81%
% of All Funds
1.87%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
14
Increased
21
Reduced
25
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SBIA
51
Sheaff Brock Investment Advisors
Indiana
$193K +$1.92K +101 +1%
SWM
52
SeaCrest Wealth Management
New York
$151K -$9.42K -496 -6%
APA
53
American Portfolios Advisors
New York
$103K +$323 +17 +0.3%
CAC
54
Certified Advisory Corp
Florida
$98K -$26.8K -1,414 -21%
RFC
55
Regions Financial Corp
Alabama
$73K +$21.2K +1,119 +39%
MCM
56
Mainstay Capital Management
Michigan
$64K
Citigroup
57
Citigroup
New York
$52K +$54.3K +2,860 New
NSIM
58
North Star Investment Management
Illinois
$38K
TA
59
Townsend & Associates
Colorado
$36K
WC
60
Westwind Capital
New Mexico
$30K -$27.5K -1,450 -47%
AF
61
Advisornet Financial
Minnesota
$28K
CFA
62
Carroll Financial Associates
North Carolina
$27K
WAM
63
Wolverine Asset Management
Illinois
$27K +$28.9K +1,524 New
SF
64
Synovus Financial
Georgia
$24K
Bank of Montreal
65
Bank of Montreal
Ontario, Canada
$22K
WTB
66
Washington Trust Bank
Washington
$20K -$21.2K -1,117 -50%
Northwestern Mutual Wealth Management
67
Northwestern Mutual Wealth Management
Wisconsin
$19K -$12.1K -637 -38%
PCG
68
Private Capital Group
Connecticut
$19K
AA
69
Ancora Advisors
Ohio
$19K +$19.6K +1,030 New
SPIA
70
Steward Partners Investment Advisory
New York
$16K
IA
71
IFP Advisors
Florida
$13K -$113K -5,950 -89%
LA
72
Legacy Advisors
Pennsylvania
$13K
GCM
73
Gables Capital Management
Florida
$11K
ONST
74
Old North State Trust
North Carolina
$9K +$9.57K +504 New
AWM
75
Avior Wealth Management
Nebraska
$8K

FFC Hedge Fund Activity: Q3 2018 in Review

82 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2018, worth a combined $137M — up 24% from $110M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FFC positions and 6 closed out — a net gain of 8 holders — while 21 added to existing stakes and 25 trimmed.

The largest buyer was Cohen & Steers, adding an estimated $1.72M. The largest seller was Bank of America, cutting an estimated $4.3M.

  • 82 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2018, up from 74 in Q2 2018.
  • Funds reported $137M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2018, up 24% quarter-over-quarter.
  • 14 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2018 and 6 closed out, a net change of +8 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2018 was Cohen & Steers, an estimated $1.72M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2018 was Bank of America, an estimated $4.3M sold.

Based on aggregated 13F filings for Q3 2018.