Flaherty & Crumrine Preferred and Income Securities Fund
FFC
82 hedge funds and large institutions have $137M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
24% more capital invested
Capital invested by funds: $110M → $137M (+$26.7M)
11% more funds holding
Funds holding: 74 → 82 (+8)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.02% less ownership
Funds ownership: 13.17% → 13.15% (-0.02%)
16% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 25
Top Buyers
| 1 |
Cohen & Steers
New York
|
+$1.72M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.29M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.24M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$516K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$440K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CWSR
76
Chessman Wealth Strategies RIA
Dallas,
Texas
| $8K | +$8.73K | +460 | New |
|
|
WT
77
Whittier Trust
South Pasadena,
California
| $5K | – | – | – |
|
|
OSNBOA
78
Old Second National Bank of Aurora
Aurora,
Illinois
| $3K | – | – | – |
|
|
NFG
79
Next Financial Group
Houston,
Texas
| $3K | +$2.75K | +145 | New |
|
80
First Manhattan
New York
| $3K | +$3.42K | +180 | New |
|
|
TRCT
81
Tower Research Capital (TRC)
New York
| $2K | +$1.9K | +100 | New |
|
|
COLIM
82
City of London Investment Management
London,
United Kingdom
| – | -$648K | -34,337 | Closed |
|
|
CF
83
Centaurus Financial
Anaheim,
California
| – | -$525K | -27,769 | Closed |
|
|
JCM
84
Jacobi Capital Management
Pittston,
Pennsylvania
| – | -$112K | -5,927 | Closed |
|
|
AF
85
Allworth Financial
Folsom,
California
| – | -$9K | -500 | Closed |
|
86
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$9K | -500 | Closed |
|
|
LC
87
Landaas & Company
Milwaukee,
Wisconsin
| – | -$2K | -116 | Closed |
|
88
Fidelity Investments
Boston,
Massachusetts
| – | +$19 | +1 | New |
|
FFC Hedge Fund Activity: Q3 2018 in Review
82 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2018, worth a combined $137M — up 24% from $110M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FFC positions and 6 closed out — a net gain of 8 holders — while 21 added to existing stakes and 25 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $1.72M. The largest seller was Bank of America, cutting an estimated $4.3M.
- 82 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2018, up from 74 in Q2 2018.
- Funds reported $137M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2018, up 24% quarter-over-quarter.
- 14 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2018 and 6 closed out, a net change of +8 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2018 was Cohen & Steers, an estimated $1.72M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2018 was Bank of America, an estimated $4.3M sold.
Based on aggregated 13F filings for Q3 2018.