Flaherty & Crumrine Preferred and Income Securities Fund
FFC
77 hedge funds and large institutions have $93.1M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2017 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 7 closing their positions.
214% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 7
24% more funds holding
Funds holding: 62 → 77 (+15)
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
0.12% less ownership
Funds ownership: 10.42% → 10.31% (-0.12%)
5% less capital invested
Capital invested by funds: $98.3M → $93.1M (-$5.27M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1.59M |
| 2 |
LPL Financial
San Diego,
California
|
+$556K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$456K |
| 4 |
CCM
Covington Capital Management
Los Angeles,
California
|
+$433K |
| 5 |
Millennium Management
New York
|
+$408K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.57M |
| 2 |
IH
IFC Holdings
Tampa,
Florida
|
-$1.62M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$845K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
-$511K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$416K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWP
76
Stratos Wealth Partners
Beachwood,
Ohio
| $4K | +$3.78K | +181 | New |
|
|
OSNBOA
77
Old Second National Bank of Aurora
Aurora,
Illinois
| $3K | – | – | – |
|
|
NPC
78
National Planning Corporation
El Segundo,
California
| – | -$511K | -23,887 | Closed |
|
|
ICOA
79
Investment Centers of America
Bismarck,
North Dakota
| – | -$393K | -18,407 | Closed |
|
80
Citadel Advisors
Miami,
Florida
| – | -$373K | -17,453 | Closed |
|
81
Creative Planning
Overland Park,
Kansas
| – | -$259K | -12,100 | Closed |
|
|
NFG
82
Next Financial Group
Houston,
Texas
| – | -$9K | -425 | Closed |
|
|
FFC
83
First Financial Corp
Terre Haute,
Indiana
| – | -$9K | -414 | Closed |
|
|
CFD
84
Creative Financial Designs
Kokomo,
Indiana
| – | -$4K | -200 | Closed |
|
FFC Hedge Fund Activity: Q4 2017 in Review
77 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q4 2017, worth a combined $93.1M — down 5.4% from $98.3M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new FFC positions and 7 closed out — a net gain of 15 holders — while 20 added to existing stakes and 17 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.59M. The largest seller was Bank of America, cutting an estimated $4.57M.
- 77 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q4 2017, up from 62 in Q3 2017.
- Funds reported $93.1M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q4 2017, down 5.4% quarter-over-quarter.
- 22 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q4 2017 and 7 closed out, a net change of +15 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q4 2017 was Laurion Capital Management, an estimated $1.59M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q4 2017 was Bank of America, an estimated $4.57M sold.
Based on aggregated 13F filings for Q4 2017.