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FFC

Flaherty & Crumrine Preferred and Income Securities Fund
FFC

117 hedge funds and large institutions have $136M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 43 increasing their positions, 34 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

26% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 34

1% more capital invested

Capital invested by funds: $134M → $136M (+$1.75M)

1.39% less ownership

Funds ownership: 20.42% → 19.03% (-1.4%)

3% less funds holding

Funds holding: 120 → 117 (-3)

20% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 15

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
117
Holders Change
-3
Holders Change %
-2.5%
% of All Funds
1.69%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
12
Increased
43
Reduced
34
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PCM
Penserra Capital Management
California
+$6.75M
2
PI
PFG Investments
New York
+$2.32M
3
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$1.98M
4
Wells Fargo
Wells Fargo
California
+$1.47M
5
AA
AQR Arbitrage
Connecticut
+$1.15M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$6.2M
2
RL
RPO LLC
Connecticut
-$4.02M
3
MOS
MGO One Seven
Ohio
-$2.5M
4
BFM
Boothbay Fund Management
New York
-$1.5M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$1.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
76
Evergreen Capital Management
Washington
$186K +$14.4K +1,000 +9%
PWA
77
Prairie Wealth Advisors
Nebraska
$183K +$177K +12,300 New
MML Investors Services
78
MML Investors Services
Massachusetts
$177K +$2.22K +154 +1%
CSPIA
79
Cary Street Partners Investment Advisory
Virginia
$175K – – –
Cerity Partners
80
Cerity Partners
New York
$167K – – –
SA
81
SFI Advisors
New Jersey
$156K – – –
PTC
82
Private Trust Company
Ohio
$155K +$48.2K +3,345 +47%
Nomura Holdings
83
Nomura Holdings
Japan
$155K -$44K -3,055 -23%
Deutsche Bank
84
Deutsche Bank
Germany
$151K +$146K +10,159 New
CAL
85
Capital Analysts LLC
Pennsylvania
$131K – – –
FFWM
86
Future Financial Wealth Management
Ohio
$104K +$101K +7,000 New
GJWM
87
Gilliland Jeter Wealth Management
Arkansas
$100K -$54.2K -3,765 -36%
Comerica Bank
88
Comerica Bank
Texas
$78.6K +$22.8K +1,585 +43%
PA
89
Parallel Advisors
California
$76.6K – – –
GWSG
90
GPS Wealth Strategies Group
Colorado
$74.3K – – –
CCC
91
Chelsea Counsel Company
California
$73.9K -$291K -20,225 -80%
HI
92
Harbour Investments
Wisconsin
$59.4K -$2.27K -158 -4%
GWM
93
Geneos Wealth Management
Colorado
$59K -$9.5K -660 -14%
IA
94
IFP Advisors
Florida
$52K +$50.4K +3,500 New
MG
95
Mather Group
Illinois
$51.3K +$53.1K +3,689 New
AF
96
Allworth Financial
California
$40.4K – – –
NSIM
97
North Star Investment Management
Illinois
$31.2K – – –
Carson Wealth (CWM LLC)
98
Carson Wealth (CWM LLC)
Nebraska
$25K +$490 +34 +2%
AA
99
AlphaMark Advisors
Kentucky
$21K +$216 +15 +1%
BONH
100
Bank of New Hampshire
New Hampshire
$18.6K – – –
2 3
4
5 6

FFC Hedge Fund Activity: Q1 2024 in Review

117 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q1 2024, worth a combined $136M — up 1.3% from $134M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of FFC and 12 opened new positions — a net loss of 3 holders — while 34 trimmed existing stakes and 43 added.

The largest buyer was Penserra Capital Management, adding an estimated $6.75M. The largest seller was Morgan Stanley, cutting an estimated $6.2M.

  • 117 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q1 2024, down from 120 in Q4 2023.
  • Funds reported $136M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q1 2024, up 1.3% quarter-over-quarter.
  • 12 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q1 2024 and 15 closed out, a net change of -3 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q1 2024 was Penserra Capital Management, an estimated $6.75M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q1 2024 was Morgan Stanley, an estimated $6.2M sold.

Based on aggregated 13F filings for Q1 2024.