Flaherty & Crumrine Preferred and Income Securities Fund
FFC
77 hedge funds and large institutions have $106M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 14 reducing their positions, and 9 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 14
28% more capital invested
Capital invested by funds: $82.7M → $106M (+$23.4M)
2.02% more ownership
Funds ownership: 10.1% → 12.12% (+2%)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
1% less funds holding
Funds holding: 78 → 77 (-1)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$6.51M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$5.81M |
| 3 |
LPL Financial
San Diego,
California
|
+$4.61M |
| 4 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$4.09M |
| 5 |
IH
IFC Holdings
Tampa,
Florida
|
+$2.5M |
Top Sellers
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.59M |
| 2 |
AF
Affiance Financial
St. Louis Park,
Minnesota
|
-$1.93M |
| 3 |
FFA
First Foundation Advisors
Irvine,
California
|
-$1.05M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$888K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$769K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
76
Tower Research Capital (TRC)
New York
| $4K | +$4.38K | +220 | New |
|
77
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $2K | – | – | – |
|
|
AF
78
Affiance Financial
St. Louis Park,
Minnesota
| – | -$1.93M | -102,711 | Closed |
|
|
FFA
79
First Foundation Advisors
Irvine,
California
| – | -$1.05M | -55,940 | Closed |
|
80
Northern Trust
Chicago,
Illinois
| – | -$601K | -32,049 | Closed |
|
|
VKH
81
Virtu KCG Holdings
New York
| – | -$229K | -12,214 | Closed |
|
|
BRWA
82
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$197K | -10,480 | Closed |
|
|
HF
83
Hoxton Financial
Shepherdstown,
West Virginia
| – | -$19K | -1,000 | Closed |
|
|
HR
84
Howe & Rusling
Rochester,
New York
| – | -$6K | -300 | Closed |
|
|
WCM
85
Windsor Capital Management
Phoenix,
Arizona
| – | -$5K | -300 | Closed |
|
|
SSB
86
Sandy Spring Bank
Olney,
Maryland
| – | -$4K | -200 | Closed |
|
FFC Hedge Fund Activity: Q4 2015 in Review
77 of the 3,811 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q4 2015, worth a combined $106M — up 28% from $82.7M a quarter earlier.
Fund positioning in FFC was balanced in Q4 2015: 9 funds opened new positions, 9 closed out, 28 added to existing stakes and 14 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $6.51M. The largest seller was Guggenheim Capital, cutting an estimated $2.59M.
- 77 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q4 2015, down from 78 in Q3 2015.
- Funds reported $106M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q4 2015, up 28% quarter-over-quarter.
- 9 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q4 2015 and 9 closed out, a net change of 0 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q4 2015 was Envestnet Asset Management, an estimated $6.51M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q4 2015 was Guggenheim Capital, an estimated $2.59M sold.
Based on aggregated 13F filings for Q4 2015.