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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
HCM
101
Hollencrest Capital Management
California
$16.5K – – –
SWA
102
SOA Wealth Advisors
New York
$12.7K +$274 +19 +2%
CA
103
CoreCap Advisors
Michigan
$11.9K +$11.5K +800 New
Northwestern Mutual Wealth Management
104
Northwestern Mutual Wealth Management
Wisconsin
$11.4K +$7.62K +529 +223%
SIS
105
Sound Income Strategies
Florida
$11K – – –
BFEC
106
Benjamin F. Edwards & Company
Missouri
$11K – – –
SPIA
107
Steward Partners Investment Advisory
New York
$7.42K +$7.2K +500 New
TFM
108
TFC Financial Management
Massachusetts
$6.95K +$158 +11 +2%
SWM
109
Sanctuary Wealth Management
Idaho
$5.33K – – –
SS
110
Sunbelt Securities
Texas
$5.2K – – –
LF
111
LifeSteps Financial
California
$4.46K +$4.32K +300 New
NS
112
NBC Securities
Alabama
$4K – – –
KHC
113
Koesten Hirschmann & Crabtree
Kansas
$2.76K – – –
CHC
114
City Holding Co
West Virginia
$1.49K – – –
FCA
115
FinTrust Capital Advisors
South Carolina
$906 – – –
HGERS
116
Householder Group Estate & Retirement Specialist
Arizona
$876 – – –
Fidelity Investments
117
Fidelity Investments
Massachusetts
$15 – – –
Rockefeller Capital Management
118
Rockefeller Capital Management
New York
– -$1.45M -104,520 Closed
AC
119
Almitas Capital
California
– -$1.04M -74,631 Closed
LSC
120
Logan Stone Capital
Illinois
– -$362K -26,079 Closed
WAM
121
Wolverine Asset Management
Illinois
– -$343K -24,649 Closed
Creative Planning
122
Creative Planning
Kansas
– -$300K -21,615 Closed
VF
123
Virtu Financial
New York
– -$297K -21,360 Closed
WAP
124
Wealthcare Advisory Partners
Pennsylvania
– -$230K -16,533 Closed
EC
125
Elequin Capital
New York
– -$216K -15,546 Closed
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.