Flaherty & Crumrine Preferred and Income Securities Fund
FFC
74 hedge funds and large institutions have $110M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2018 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 30 increasing their positions, 19 reducing their positions, and 11 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 19
13% more capital invested
Capital invested by funds: $97.5M → $110M (+$12.8M)
1.58% more ownership
Funds ownership: 11.59% → 13.17% (+1.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 79 → 74 (-5)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
+$7.19M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.65M |
| 3 |
AF
Affiance Financial
St. Louis Park,
Minnesota
|
+$2.31M |
| 4 |
Cohen & Steers
New York
|
+$1.93M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$981K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
76
Weiss Asset Management
Boston,
Massachusetts
| – | -$204K | -10,717 | Closed |
|
|
NMC
77
Nine Masts Capital
Central,
Hong Kong
| – | -$143K | -7,500 | Closed |
|
78
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$101K | -5,325 | Closed |
|
|
WEC
79
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$83.7K | -4,406 | Closed |
|
|
IWM
80
IHT Wealth Management
Chicago,
Illinois
| – | -$45K | -2,400 | Closed |
|
81
SEI Investments
Oaks,
Pennsylvania
| – | -$27K | -1,417 | Closed |
|
82
Bessemer Group
Woodbridge,
New Jersey
| – | -$20K | -1,050 | Closed |
|
|
SWP
83
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$11K | -581 | Closed |
|
|
PFGIA
84
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$6K | -304 | Closed |
|
|
PA
85
Parallel Advisors
San Francisco,
California
| – | -$1K | -29 | Closed |
|
FFC Hedge Fund Activity: Q2 2018 in Review
74 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q2 2018, worth a combined $110M — up 13% from $97.5M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FFC and 6 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 30 added.
The largest buyer was Oxbow Advisors, opening a new position worth an estimated $7.19M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $2.97M sold.
- 74 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q2 2018, down from 79 in Q1 2018.
- Funds reported $110M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q2 2018, up 13% quarter-over-quarter.
- 6 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q2 2018 and 11 closed out, a net change of -5 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q2 2018 was Oxbow Advisors, an estimated $7.19M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q2 2018 was Wolverine Asset Management, an estimated $2.97M sold.
Based on aggregated 13F filings for Q2 2018.