Flaherty & Crumrine Preferred and Income Securities Fund
FFC
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.
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
7% more funds holding
Funds holding: 82 → 88 (+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: 1 → 1 (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
Top Buyers
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.97M |
| 2 |
Cohen & Steers
New York
|
+$1.38M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$924K |
| 4 |
JG
Jefferies Group
New York
|
+$776K |
| 5 |
BCA
Bay Colony Advisors
Concord,
Massachusetts
|
+$695K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
101
Next Financial Group
Houston,
Texas
| – | -$3K | -145 | Closed |
|
|
TRCT
102
Tower Research Capital (TRC)
New York
| – | -$2K | -100 | Closed |
|
103
Fidelity Investments
Boston,
Massachusetts
| – | +$17 | +1 | +100% |
|
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.