Flaherty & Crumrine Preferred and Income Securities Fund
FFC
65 hedge funds and large institutions have $85.7M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 20 increasing their positions, 18 reducing their positions, and 9 closing their positions.
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
11% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 18
9% more capital invested
Capital invested by funds: $78.8M → $85.7M (+$6.95M)
0% more funds holding
Funds holding: 65 → 65 (0)
0.11% less ownership
Funds ownership: 10.36% → 10.25% (-0.11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$2.57M |
| 2 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$2.39M |
| 3 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
+$931K |
| 4 |
WA
WFG Advisors
Dallas,
Texas
|
+$901K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
+$617K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$5.14M |
| 2 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$1.03M |
| 3 |
SG Americas Securities
New York
|
-$774K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$705K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$641K |
FFC Hedge Fund Activity: Q1 2014 in Review
65 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q1 2014, worth a combined $85.7M — up 8.8% from $78.8M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FFC positions and 9 closed out — a net gain of 1 holder — while 20 added to existing stakes and 18 trimmed.
The largest buyer was UBS, adding an estimated $2.57M. The largest seller was Guggenheim Capital, cutting an estimated $5.14M.
- 65 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q1 2014, unchanged from Q4 2013.
- Funds reported $85.7M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q1 2014, up 8.8% quarter-over-quarter.
- 10 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q1 2014 and 9 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q1 2014 was UBS, an estimated $2.57M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q1 2014 was Guggenheim Capital, an estimated $5.14M sold.
Based on aggregated 13F filings for Q1 2014.