Flaherty & Crumrine Preferred and Income Securities Fund
FFC
87 hedge funds and large institutions have $123M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2020 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 31 increasing their positions, 27 reducing their positions, and 16 closing their positions.
22% more capital invested
Capital invested by funds: $101M → $123M (+$22M)
15% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 27
0.1% less ownership
Funds ownership: 13.97% → 13.87% (-0.1%)
9% less funds holding
Funds holding: 96 → 87 (-9)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
56% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.91M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.39M |
| 3 |
Morgan Stanley
New York
|
+$1.36M |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$898K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$553K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
-$4.81M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
-$3.17M |
| 3 |
ARG
Advisory Resource Group
Tulsa,
Oklahoma
|
-$868K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$697K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$536K |
FFC Hedge Fund Activity: Q2 2020 in Review
87 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q2 2020, worth a combined $123M — up 22% from $101M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FFC and 7 opened new positions — a net loss of 9 holders — while 27 trimmed existing stakes and 31 added.
The largest buyer was Royal Bank of Canada, adding an estimated $2.91M. The largest seller was Csenge Advisory Group, cutting an estimated $4.81M.
- 87 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q2 2020, down from 96 in Q1 2020.
- Funds reported $123M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q2 2020, up 22% quarter-over-quarter.
- 7 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q2 2020 and 16 closed out, a net change of -9 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q2 2020 was Royal Bank of Canada, an estimated $2.91M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q2 2020 was Csenge Advisory Group, an estimated $4.81M sold.
Based on aggregated 13F filings for Q2 2020.