Flaherty & Crumrine Preferred and Income Securities Fund
FFC
63 hedge funds and large institutions have $98.4M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 11 reducing their positions, and 9 closing their positions.
91% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 11
15% more capital invested
Capital invested by funds: $85.7M → $98.4M (+$12.7M)
1.32% more ownership
Funds ownership: 10.25% → 11.58% (+1.3%)
3% less funds holding
Funds holding: 65 → 63 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$5.85M |
| 2 |
ADBIC
A.D. Beadell Investment Counsel
Mequon,
Wisconsin
|
+$1.93M |
| 3 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$1.76M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.21M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$860K |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
-$631K |
| 3 |
Morgan Stanley
New York
|
-$518K |
| 4 |
OC
Oppenheimer & Co
New York
|
-$506K |
| 5 |
Goldman Sachs
New York
|
-$306K |
FFC Hedge Fund Activity: Q2 2014 in Review
63 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q2 2014, worth a combined $98.4M — up 15% from $85.7M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FFC and 7 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 21 added.
The largest buyer was UBS, adding an estimated $5.85M. The largest seller was Cohen & Steers, cutting an estimated $860K.
- 63 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q2 2014, down from 65 in Q1 2014.
- Funds reported $98.4M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q2 2014, up 15% quarter-over-quarter.
- 7 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q2 2014 and 9 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q2 2014 was UBS, an estimated $5.85M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q2 2014 was Cohen & Steers, an estimated $860K sold.
Based on aggregated 13F filings for Q2 2014.