Flaherty & Crumrine Preferred and Income Securities Fund
FFC
73 hedge funds and large institutions have $95.6M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2014 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 14 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
86% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 14
9% more funds holding
Funds holding: 67 → 73 (+6)
0.95% less ownership
Funds ownership: 12.23% → 11.28% (-0.95%)
7% less capital invested
Capital invested by funds: $103M → $95.6M (-$7.09M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$639K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$589K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$512K |
| 4 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
+$442K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$437K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.56M |
| 2 |
WA
WFG Advisors
Dallas,
Texas
|
-$441K |
| 3 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$193K |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
-$160K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$152K |
FFC Hedge Fund Activity: Q4 2014 in Review
73 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q4 2014, worth a combined $95.6M — down 6.9% from $103M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FFC positions and 4 closed out — a net gain of 9 holders — while 26 added to existing stakes and 14 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $639K. The largest seller was Credit Suisse, exiting entirely with an estimated $2.56M sold.
- 73 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q4 2014, up from 67 in Q3 2014.
- Funds reported $95.6M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q4 2014, down 6.9% quarter-over-quarter.
- 13 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q4 2014 and 4 closed out, a net change of +9 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q4 2014 was Morgan Stanley, an estimated $639K added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q4 2014 was Credit Suisse, an estimated $2.56M sold.
Based on aggregated 13F filings for Q4 2014.