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FFC

Flaherty & Crumrine Preferred and Income Securities Fund

65 hedge funds and large institutions have $83.8M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more funds holding

Funds holding: 6465 (+1)

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

0.01% less ownership

Funds ownership: 10.37%10.36% (-0.01%)

3% less capital invested

Capital invested by funds: $86.4M → $83.8M (-$2.6M)

46% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 26

Holders
65
Holders Change
+1
Holders Change %
+1.56%
% of All Funds
1.89%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
12
Increased
14
Reduced
26
Closed
11
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GC
1
Guggenheim Capital
Illinois
$10.4M -$479K -27,083 -4%
Morgan Stanley
2
Morgan Stanley
New York
$9.84M -$631K -35,698 -6%
OA
3
Oxbow Advisors
Texas
$7.06M +$2.63M +148,698 +58%
Bank of America
4
Bank of America
North Carolina
$6.55M -$727K -41,099 -10%
Cohen & Steers
5
Cohen & Steers
New York
$6.12M -$590K -33,348 -9%
BTS
6
BB&T Securities
Virginia
$5.61M -$19.9K -1,124 -3%
Invesco
7
Invesco
Georgia
$4.86M +$118K +6,665 +2%
MCC
8
Mid Continent Capital
Illinois
$4.56M +$2.05M +116,125 +81%
CCM
9
Covington Capital Management
California
$3.06M -$61.3K -3,469 -2%
LPL Financial
10
LPL Financial
California
$2.7M -$210K -11,863 -7%
U
11
UBS
Switzerland
$2.32M -$146K -8,243 -6%
CS
12
Credit Suisse
Switzerland
$2.31M -$13K -737 -0.6%
Wells Fargo
13
Wells Fargo
California
$2.27M +$71.6K +4,051 +3%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$2.03M +$539K +30,458 +36%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$1.35M -$320K -18,086 -19%
CAN
16
Cetera Advisor Networks
California
$1.16M +$570K +32,259 +95%
PRCM
17
Pine River Capital Management
Minnesota
$1.03M +$1.04M +58,718 New
BA
18
Bard Associates
Illinois
$781K -$33.6K -1,900 -4%
SG Americas Securities
19
SG Americas Securities
New York
$774K +$782K +44,226 New
LTFS
20
Ladenburg Thalmann Financial Services
Florida
$743K +$3.82K +216 +0.5%
WAM
21
Weiss Asset Management
Massachusetts
$705K +$713K +40,311 New
HighTower Advisors
22
HighTower Advisors
Illinois
$641K -$10.6K -600 -2%
NPC
23
National Planning Corporation
California
$592K -$183K -10,343 -23%
FFA
24
First Foundation Advisors
California
$559K -$6.56K -371 -1%
WA
25
WFG Advisors
Texas
$463K -$233K -13,186 -33%

FFC Hedge Fund Activity: Q4 2013 in Review

65 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q4 2013, worth a combined $83.8M — down 3% from $86.4M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new FFC positions and 11 closed out — a net gain of 1 holder — while 14 added to existing stakes and 26 trimmed.

The largest buyer was Oxbow Advisors, adding an estimated $2.63M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $2.44M sold.

  • 65 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q4 2013, up from 64 in Q3 2013.
  • Funds reported $83.8M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q4 2013, down 3% quarter-over-quarter.
  • 12 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q4 2013 and 11 closed out, a net change of +1 holder.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q4 2013 was Oxbow Advisors, an estimated $2.63M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q4 2013 was Susquehanna International Group, an estimated $2.44M sold.

Based on aggregated 13F filings for Q4 2013.