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.
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)
Top Buyers
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$6.75M |
| 2 |
PI
PFG Investments
Woodbury,
New York
|
+$2.32M |
| 3 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.98M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.47M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.15M |
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$6.2M |
| 2 |
RL
RPO LLC
Stamford,
Connecticut
|
-$4.02M |
| 3 |
MOS
MGO One Seven
Beachwood,
Ohio
|
-$2.5M |
| 4 |
BFM
Boothbay Fund Management
New York
|
-$1.5M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Mercer Global Advisors
Denver,
Colorado
| – | -$150K | -10,817 | Closed |
|
|
CAS
127
CTC Alternative Strategies
Chicago,
Illinois
| – | -$149K | -10,704 | Closed |
|
|
AAS
128
Avantax Advisory Services
Dallas,
Texas
| – | -$141K | -10,114 | Closed |
|
|
TC
129
Truvestments Capital
Sarasota,
Florida
| – | -$34.8K | -2,500 | Closed |
|
130
Bessemer Group
Woodbridge,
New Jersey
| – | -$15K | -1,067 | Closed |
|
|
LA
131
LM Advisors
San Diego,
California
| – | -$12.5K | -900 | Closed |
|
|
AWM
132
Able Wealth Management
Toms River,
New Jersey
| – | -$150 | -11 | Closed |
|
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.