Flaherty & Crumrine Preferred and Income Securities Fund
FFC
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.
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: 63 → 67 (+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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$2.5M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.42M |
| 3 |
LPL Financial
San Diego,
California
|
+$576K |
| 4 |
OC
Oppenheimer & Co
New York
|
+$520K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$468K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.7M |
| 2 |
Jane Street
New York
|
-$237K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$217K |
| 4 |
Goldman Sachs
New York
|
-$203K |
| 5 |
Morgan Stanley
New York
|
-$178K |
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.