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FFC

Flaherty & Crumrine Preferred and Income Securities Fund

88 hedge funds and large institutions have $112M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2018 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 18 increasing their positions, 31 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 15

7% more funds holding

Funds holding: 8288 (+6)

2.06% more ownership

Funds ownership: 13.15%15.21% (+2.1%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

18% less capital invested

Capital invested by funds: $137M → $112M (-$24.8M)

42% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 31

Holders
88
Holders Change
+6
Holders Change %
+7.32%
% of All Funds
1.96%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
21
Increased
18
Reduced
31
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
CFGS
76
Concourse Financial Group Securities
Alabama
$18K +$18.7K +1,100 New
PCG
77
Private Capital Group
Connecticut
$17K
WCM
78
WealthBridge Capital Management
Ohio
$17K +$17K +1,000 New
CFA
79
Carroll Financial Associates
North Carolina
$14K -$11.6K -685 -46%
IA
80
IFP Advisors
Florida
$12K
GCM
81
Gables Capital Management
Florida
$10K
ONST
82
Old North State Trust
North Carolina
$8K -$68 -4 -0.8%
AWM
83
Avior Wealth Management
Nebraska
$6K
WT
84
Whittier Trust
California
$4K
First Manhattan
85
First Manhattan
New York
$3K
OSNBOA
86
Old Second National Bank of Aurora
Illinois
$3K
TWM
87
Titus Wealth Management
California
$426
LWS
88
Lucia Wealth Services
California
-$1.42M -78,060 Closed
NMC
89
Nine Masts Capital
Hong Kong
-$1.19M -65,500 Closed
Susquehanna International Group
90
Susquehanna International Group
Pennsylvania
-$422K -23,165 Closed
SBIA
91
Sheaff Brock Investment Advisors
Indiana
-$193K -10,566 Closed
SWM
92
SeaCrest Wealth Management
New York
-$151K -8,268 Closed
MCM
93
Mainstay Capital Management
Michigan
-$64K -3,500 Closed
Citigroup
94
Citigroup
New York
-$52K -2,860 Closed
TA
95
Townsend & Associates
Colorado
-$36K -2,000 Closed
WAM
96
Wolverine Asset Management
Illinois
-$27K -1,524 Closed
AA
97
Ancora Advisors
Ohio
-$19K -1,030 Closed
SPIA
98
Steward Partners Investment Advisory
New York
-$16K -904 Closed
LA
99
Legacy Advisors
Pennsylvania
-$13K -700 Closed
CWSR
100
Chessman Wealth Strategies RIA
Texas
-$8K -460 Closed

FFC Hedge Fund Activity: Q4 2018 in Review

88 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q4 2018, worth a combined $112M — down 18% from $137M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FFC positions and 15 closed out — a net gain of 6 holders — while 18 added to existing stakes and 31 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $6.97M. The largest seller was Royal Bank of Canada, cutting an estimated $1.65M.

  • 88 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q4 2018, up from 82 in Q3 2018.
  • Funds reported $112M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q4 2018, down 18% quarter-over-quarter.
  • 21 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q4 2018 and 15 closed out, a net change of +6 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q4 2018 was Sit Investment Associates, an estimated $6.97M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q4 2018 was Royal Bank of Canada, an estimated $1.65M sold.

Based on aggregated 13F filings for Q4 2018.