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FFC

Flaherty & Crumrine Preferred and Income Securities Fund
FFC

106 hedge funds and large institutions have $136M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2019 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 35 increasing their positions, 28 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

320% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 5

25% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 28

14% more funds holding

Funds holding: 93 → 106 (+13)

8% more capital invested

Capital invested by funds: $126M → $136M (+$9.64M)

0.55% more ownership

Funds ownership: 13.66% → 14.2% (+0.55%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
106
Holders Change
+13
Holders Change %
+13.98%
% of All Funds
2.09%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
21
Increased
35
Reduced
28
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Truist Financial
Truist Financial
North Carolina
+$1.56M
2
LPL Financial
LPL Financial
California
+$1.34M
3
DADC
D.A. Davidson & Co
Montana
+$897K
4
AG
Advisor Group
Arizona
+$704K
5
FIA
Foundations Investment Advisors
Arizona
+$581K

Top Sellers

1
Cohen & Steers
Cohen & Steers
New York
-$1.64M
2
BCA
Bay Colony Advisors
Massachusetts
-$724K
3
Invesco
Invesco
Georgia
-$660K
4
JG
Jefferies Group
New York
-$541K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
-$419K
Name Holding Trade Value Shares
Change 		Change in
Stake
SBL
76
Sargent Bickham Lagudis
Colorado
$132K +$131K +6,106 New
MWC
77
MBM Wealth Consultants
Missouri
$130K – – –
PFGIA
78
Patriot Financial Group Insurance Agency
Massachusetts
$118K +$10.7K +500 +10%
CAC
79
Certified Advisory Corp
Florida
$106K +$920 +43 +0.9%
ACM
80
Anfield Capital Management
California
$89K +$87.3K +4,082 New
FHA
81
Flagship Harbor Advisors
Massachusetts
$67K – – –
MAM
82
Marquette Asset Management
Minnesota
$66K – – –
FCA
83
FinTrust Capital Advisors
South Carolina
$60K – – –
DTIM
84
Danda Trouve Investment Management
Kansas
$53K +$51.8K +2,424 New
CFA
85
Carroll Financial Associates
North Carolina
$51K – – –
AF
86
Advisornet Financial
Minnesota
$46K – – –
NSIM
87
North Star Investment Management
Illinois
$46K – – –
RAM
88
Riggs Asset Management
Pennsylvania
$37K +$36.5K +1,709 New
Northwestern Mutual Wealth Management
89
Northwestern Mutual Wealth Management
Wisconsin
$27K +$23.5K +1,097 +677%
Bank of Montreal
90
Bank of Montreal
Ontario, Canada
$26K – – –
SPIA
91
Steward Partners Investment Advisory
New York
$26K – – –
PA
92
PSI Advisors
Florida
$26K +$25.7K +1,200 New
CFGS
93
Concourse Financial Group Securities
Alabama
$24K +$10.7K +500 +83%
AF
94
Allworth Financial
California
$22K +$21.4K +1,000 New
MG
95
MilWealth Group
Wisconsin
$21.7K +$21.4K +1,000 New
AIC
96
Ameritas Investment Company
Nebraska
$15K -$19K -888 -56%
SWM
97
Sugarloaf Wealth Management
Georgia
$14K +$13.7K +642 New
CT
98
Caldwell Trust
Florida
$13.5K +$13.3K +621 New
WC
99
Westwind Capital
New Mexico
$13K -$21.9K -1,024 -63%
ONST
100
Old North State Trust
North Carolina
$11K – – –
1 2 3
4
5

FFC Hedge Fund Activity: Q4 2019 in Review

106 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q4 2019, worth a combined $136M — up 7.6% from $126M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FFC positions and 5 closed out — a net gain of 16 holders — while 35 added to existing stakes and 28 trimmed.

The largest buyer was Truist Financial, opening a new position worth an estimated $1.56M. The largest seller was Cohen & Steers, cutting an estimated $1.64M.

  • 106 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q4 2019, up from 93 in Q3 2019.
  • Funds reported $136M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q4 2019, up 7.6% quarter-over-quarter.
  • 21 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q4 2019 and 5 closed out, a net change of +16 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q4 2019 was Truist Financial, an estimated $1.56M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q4 2019 was Cohen & Steers, an estimated $1.64M sold.

Based on aggregated 13F filings for Q4 2019.