Flaherty & Crumrine Preferred and Income Securities Fund
FFC
73 hedge funds and large institutions have $95.6M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 27 reducing their positions, and 11 closing their positions.
14% more capital invested
Capital invested by funds: $84M → $95.6M (+$11.6M)
0.44% more ownership
Funds ownership: 10.13% → 10.57% (+0.44%)
4% less funds holding
Funds holding: 76 → 73 (-3)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
19% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 27
Top Buyers
Top Sellers
| 1 |
LCM
Laurion Capital Management
New York
|
-$2.52M |
| 2 |
Morgan Stanley
New York
|
-$1.14M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$414K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$362K |
| 5 |
Millennium Management
New York
|
-$301K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Millennium Management
New York
| – | -$301K | -15,981 | Closed |
|
|
WAM
77
Weiss Asset Management
Boston,
Massachusetts
| – | -$200K | -10,622 | Closed |
|
78
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$74K | -3,918 | Closed |
|
79
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$61K | -3,250 | Closed |
|
|
SFS
80
Sowell Financial Services
North Little Rock,
Arkansas
| – | -$38K | -1,900 | Closed |
|
|
SIG
81
Stanford Investment Group
Mountain View,
California
| – | -$19K | -1,035 | Closed |
|
|
AA
82
Ancora Advisors
Cleveland,
Ohio
| – | -$19K | -1,030 | Closed |
|
|
MBT
83
Montecito Bank & Trust
Santa Barbara,
California
| – | -$10K | -520 | Closed |
|
|
JIC
84
Joel Isaacson & Co
New York
| – | -$8K | -450 | Closed |
|
FFC Hedge Fund Activity: Q1 2017 in Review
73 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q1 2017, worth a combined $95.6M — up 14% from $84M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FFC and 9 opened new positions — a net loss of 2 holders — while 27 trimmed existing stakes and 22 added.
The largest buyer was Bank of America, adding an estimated $3.19M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $2.52M sold.
- 73 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q1 2017, down from 76 in Q4 2016.
- Funds reported $95.6M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q1 2017, up 14% quarter-over-quarter.
- 9 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q1 2017 and 11 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q1 2017 was Bank of America, an estimated $3.19M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q1 2017 was Laurion Capital Management, an estimated $2.52M sold.
Based on aggregated 13F filings for Q1 2017.