Flaherty & Crumrine Preferred and Income Securities Fund
FFC
97 hedge funds and large institutions have $120M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2020 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 32 increasing their positions, 25 reducing their positions, and 5 closing their positions.
220% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 5
28% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 25
11% more funds holding
Funds holding: 87 → 97 (+10)
0.99% less ownership
Funds ownership: 13.87% → 12.88% (-0.99%)
3% less capital invested
Capital invested by funds: $123M → $120M (-$3.2M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$1.77M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.15M |
| 3 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$527K |
| 4 |
LPL Financial
San Diego,
California
|
+$510K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$378K |
Top Sellers
FFC Hedge Fund Activity: Q3 2020 in Review
97 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2020, worth a combined $120M — down 2.6% from $123M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FFC positions and 5 closed out — a net gain of 11 holders — while 32 added to existing stakes and 25 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.77M. The largest seller was Affiance Financial, cutting an estimated $8.02M.
- 97 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2020, up from 87 in Q2 2020.
- Funds reported $120M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2020, down 2.6% quarter-over-quarter.
- 16 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2020 and 5 closed out, a net change of +11 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2020 was Morgan Stanley, an estimated $1.77M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2020 was Affiance Financial, an estimated $8.02M sold.
Based on aggregated 13F filings for Q3 2020.