Flaherty & Crumrine Preferred and Income Securities Fund
FFC
69 hedge funds and large institutions have $109M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 24 increasing their positions, 19 reducing their positions, and 9 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 19
4% more capital invested
Capital invested by funds: $104M → $109M (+$4.58M)
0.23% less ownership
Funds ownership: 11.73% → 11.5% (-0.23%)
5% less funds holding
Funds holding: 73 → 69 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
Top Sellers
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$2.62M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.49M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.38M |
| 4 |
AIG
American International Group
New York
|
-$1.29M |
| 5 |
Cohen & Steers
New York
|
-$960K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Citigroup
New York
| – | -$25K | -1,230 | Closed |
|
|
FAM
77
Formidable Asset Management
Cincinnati,
Ohio
| – | -$22K | -1,100 | Closed |
|
|
DBT
78
Dubuque Bank & Trust
Dubuque,
Iowa
| – | -$11K | -535 | Closed |
|
FFC Hedge Fund Activity: Q2 2016 in Review
69 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q2 2016, worth a combined $109M — up 4.4% from $104M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FFC and 5 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 24 added.
The largest buyer was National Planning Corporation, adding an estimated $2.97M. The largest seller was Oxbow Advisors, cutting an estimated $2.62M.
- 69 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q2 2016, down from 73 in Q1 2016.
- Funds reported $109M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q2 2016, up 4.4% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q2 2016 and 9 closed out, a net change of -4 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q2 2016 was National Planning Corporation, an estimated $2.97M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q2 2016 was Oxbow Advisors, an estimated $2.62M sold.
Based on aggregated 13F filings for Q2 2016.