Flaherty & Crumrine Preferred and Income Securities Fund
FFC
73 hedge funds and large institutions have $104M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2016 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 23 increasing their positions, 22 reducing their positions, and 6 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 22
0.39% less ownership
Funds ownership: 12.12% → 11.73% (-0.39%)
2% less capital invested
Capital invested by funds: $106M → $104M (-$1.79M)
5% less funds holding
Funds holding: 77 → 73 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$3.4M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.15M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$742K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$659K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$543K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
AssetMark Inc
Concord,
California
| – | -$48K | -2,372 | Closed |
|
|
IWMPD
77
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$28K | -1,400 | Closed |
|
|
JWA
78
JFS Wealth Advisors
Hermitage,
Pennsylvania
| – | -$16K | -800 | Closed |
|
|
TRCT
79
Tower Research Capital (TRC)
New York
| – | -$4K | -220 | Closed |
|
FFC Hedge Fund Activity: Q1 2016 in Review
73 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q1 2016, worth a combined $104M — down 1.7% from $106M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FFC and 2 opened new positions — a net loss of 4 holders — while 22 trimmed existing stakes and 23 added.
The largest buyer was Private Advisor Group, adding an estimated $1.22M. The largest seller was Morgan Stanley, cutting an estimated $3.4M.
- 73 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q1 2016, down from 77 in Q4 2015.
- Funds reported $104M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q1 2016, down 1.7% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q1 2016 and 6 closed out, a net change of -4 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q1 2016 was Private Advisor Group, an estimated $1.22M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q1 2016 was Morgan Stanley, an estimated $3.4M sold.
Based on aggregated 13F filings for Q1 2016.