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FFC

Flaherty & Crumrine Preferred and Income Securities Fund
FFC

97 hedge funds and large institutions have $120M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2020 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 32 increasing their positions, 25 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

28% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 25

11% more funds holding

Funds holding: 87 → 97 (+10)

0.99% less ownership

Funds ownership: 13.87% → 12.88% (-0.99%)

3% less capital invested

Capital invested by funds: $123M → $120M (-$3.2M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
97
Holders Change
+10
Holders Change %
+11.49%
% of All Funds
1.96%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
16
Increased
32
Reduced
25
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$1.77M
2
Ameriprise
Ameriprise
Minnesota
+$1.15M
3
AAS
Avantax Advisory Services
Texas
+$527K
4
LPL Financial
LPL Financial
California
+$510K
5
UBS Group
UBS Group
Switzerland
+$378K

Top Sellers

1
AF
Affiance Financial
Minnesota
-$8.02M
2
Wells Fargo
Wells Fargo
California
-$1.92M
3
UCFA
United Capital Financial Advisors
Texas
-$1.4M
4
AWM
AE Wealth Management
Kansas
-$1.21M
5
SS
Simplicity Solutions
Minnesota
-$905K
Name Holding Trade Value Shares
Change 		Change in
Stake
MWC
101
MBM Wealth Consultants
Missouri
– -$80K -4,000 Closed
LFG
102
Larson Financial Group
Missouri
– -$1K -28 Closed
1 2 3 4
5

FFC Hedge Fund Activity: Q3 2020 in Review

97 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2020, worth a combined $120M — down 2.6% from $123M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new FFC positions and 5 closed out — a net gain of 11 holders — while 32 added to existing stakes and 25 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.77M. The largest seller was Affiance Financial, cutting an estimated $8.02M.

  • 97 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2020, up from 87 in Q2 2020.
  • Funds reported $120M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2020, down 2.6% quarter-over-quarter.
  • 16 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2020 and 5 closed out, a net change of +11 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2020 was Morgan Stanley, an estimated $1.77M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2020 was Affiance Financial, an estimated $8.02M sold.

Based on aggregated 13F filings for Q3 2020.