Flaherty & Crumrine Preferred and Income Securities Fund
FFC
64 hedge funds and large institutions have $81M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 19 increasing their positions, 20 reducing their positions, and 4 closing their positions.
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
10% more funds holding
Funds holding: 58 → 64 (+6)
4% more capital invested
Capital invested by funds: $78.2M → $81M (+$2.83M)
0.75% more ownership
Funds ownership: 9.62% → 10.37% (+0.75%)
5% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$7.72M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.42M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$624K |
| 4 |
MCC
Mid Continent Capital
Chicago,
Illinois
|
+$355K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$281K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.39M |
| 2 |
IH
IFC Holdings
Tampa,
Florida
|
-$1.39M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.07M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$590K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$484K |
FFC Hedge Fund Activity: Q3 2013 in Review
64 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2013, worth a combined $81M — up 3.6% from $78.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FFC positions and 4 closed out — a net gain of 6 holders — while 19 added to existing stakes and 20 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $7.72M. The largest seller was Susquehanna International Group, cutting an estimated $1.39M.
- 64 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2013, up from 58 in Q2 2013.
- Funds reported $81M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2013, up 3.6% quarter-over-quarter.
- 10 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2013 and 4 closed out, a net change of +6 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2013 was Guggenheim Capital, an estimated $7.72M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2013 was Susquehanna International Group, an estimated $1.39M sold.
Based on aggregated 13F filings for Q3 2013.