We are live on ! Find out more
FFC

Flaherty & Crumrine Preferred and Income Securities Fund

67 hedge funds and large institutions have $109M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 10

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

6% more funds holding

Funds holding: 6367 (+4)

4% more capital invested

Capital invested by funds: $105M → $109M (+$4.55M)

0.65% more ownership

Funds ownership: 11.58%12.23% (+0.65%)

Holders
67
Holders Change
+4
Holders Change %
+6.35%
% of All Funds
1.94%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
26
Reduced
10
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
U
1
UBS
Switzerland
$13.4M +$2.5M +129,369 +23%
Morgan Stanley
2
Morgan Stanley
New York
$9.7M -$178K -9,242 -2%
GC
3
Guggenheim Capital
Illinois
$8.74M +$1.42M +73,761 +19%
OA
4
Oxbow Advisors
Texas
$8.35M -$96.2K -4,985 -1%
BTS
5
BB&T Securities
Virginia
$7.11M +$38.5K +1,994 +6%
Bank of America
6
Bank of America
North Carolina
$6.69M -$1.7M -88,064 -20%
MCC
7
Mid Continent Capital
Illinois
$5.72M +$233K +12,075 +4%
Cohen & Steers
8
Cohen & Steers
New York
$5.29M -$163K -8,437 -3%
Invesco
9
Invesco
Georgia
$5.09M +$116K +6,028 +2%
NL
10
NWAM LLC
Washington
$4.67M +$468K +24,241 +11%
LPL Financial
11
LPL Financial
California
$4.01M +$576K +29,828 +17%
CCM
12
Covington Capital Management
California
$3.72M +$467K +24,178 +14%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$2.57M -$33.9K -1,755 -1%
CS
14
Credit Suisse
Switzerland
$2.56M -$35.9K -1,861 -1%
Wells Fargo
15
Wells Fargo
California
$2.54M +$203K +10,495 +9%
IMS
16
Index Management Solutions
Pennsylvania
$2.25M +$353K +18,280 +19%
ADBIC
17
A.D. Beadell Investment Counsel
Wisconsin
$1.89M +$5.79K +300 +0.3%
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$1.73M +$60.8K +3,148 +4%
CAN
19
Cetera Advisor Networks
California
$1.72M +$270K +14,007 +19%
WA
20
WFG Advisors
Texas
$1.38M -$110K -5,721 -7%
LTFS
21
Ladenburg Thalmann Financial Services
Florida
$1.04M +$45.9K +2,376 +5%
BA
22
Bard Associates
Illinois
$905K +$43.4K +2,250 +5%
NPC
23
National Planning Corporation
California
$713K +$180K +9,298 +34%
AIG
24
American International Group
New York
$665K +$275K +14,248 +71%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$572K +$66K +3,421 +13%

FFC Hedge Fund Activity: Q3 2014 in Review

67 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2014, worth a combined $109M — up 4.4% from $105M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FFC positions and 4 closed out — a net gain of 4 holders — while 26 added to existing stakes and 10 trimmed.

The largest buyer was UBS, adding an estimated $2.5M. The largest seller was Bank of America, cutting an estimated $1.7M.

  • 67 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2014, up from 63 in Q2 2014.
  • Funds reported $109M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2014, up 4.4% quarter-over-quarter.
  • 8 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2014 and 4 closed out, a net change of +4 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2014 was UBS, an estimated $2.5M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2014 was Bank of America, an estimated $1.7M sold.

Based on aggregated 13F filings for Q3 2014.