Flaherty & Crumrine Preferred and Income Securities Fund
FFC
76 hedge funds and large institutions have $84M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2016 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 22 increasing their positions, 18 reducing their positions, and 5 closing their positions.
260% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 5
22% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 18
17% more funds holding
Funds holding: 65 → 76 (+11)
0.39% less ownership
Funds ownership: 10.52% → 10.13% (-0.39%)
12% less capital invested
Capital invested by funds: $95M → $84M (-$11M)
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFD
76
Creative Financial Designs
Kokomo,
Indiana
| $4K | +$3.92K | +200 | New |
|
|
OSNBOA
77
Old Second National Bank of Aurora
Aurora,
Illinois
| $3K | – | – | – |
|
|
RJA
78
Raymond James & Associates
St Petersburg,
Florida
| – | -$659K | -31,704 | Closed |
|
|
GC
79
Guggenheim Capital
Chicago,
Illinois
| – | -$454K | -21,824 | Closed |
|
80
Bank of New York Mellon
New York
| – | -$286K | -13,743 | Closed |
|
81
Envestnet Asset Management
Chicago,
Illinois
| – | -$221K | -10,615 | Closed |
|
|
CWM
82
Concert Wealth Management
San Jose,
California
| – | -$217K | -10,445 | Closed |
|
FFC Hedge Fund Activity: Q4 2016 in Review
76 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q4 2016, worth a combined $84M — down 12% from $95M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FFC positions and 5 closed out — a net gain of 13 holders — while 22 added to existing stakes and 18 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $2.62M. The largest seller was LPL Financial, cutting an estimated $3.88M.
- 76 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q4 2016, up from 65 in Q3 2016.
- Funds reported $84M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q4 2016, down 12% quarter-over-quarter.
- 18 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q4 2016 and 5 closed out, a net change of +13 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q4 2016 was Laurion Capital Management, an estimated $2.62M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q4 2016 was LPL Financial, an estimated $3.88M sold.
Based on aggregated 13F filings for Q4 2016.