Flaherty & Crumrine Preferred and Income Securities Fund
FFC
76 hedge funds and large institutions have $84M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 5 closing their positions.
240% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 5
16% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 19
15% more funds holding
Funds holding: 66 → 76 (+10)
0.41% less ownership
Funds ownership: 10.54% → 10.13% (-0.41%)
12% less capital invested
Capital invested by funds: $95.2M → $84M (-$11.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$2.62M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.85M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$726K |
| 4 |
EDRH
Edmond de Rothschild Holding
Chambesy,
Switzerland
|
+$672K |
| 5 |
CCM
Covington Capital Management
Los Angeles,
California
|
+$662K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$3.88M |
| 2 |
NPC
National Planning Corporation
El Segundo,
California
|
-$3.06M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$1.28M |
| 4 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$1.26M |
| 5 |
Morgan Stanley
New York
|
-$774K |
FFC Hedge Fund Activity: Q4 2016 in Review
76 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q4 2016, worth a combined $84M — down 12% from $95.2M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FFC positions and 5 closed out — a net gain of 12 holders — while 22 added to existing stakes and 19 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $2.62M. The largest seller was LPL Financial, cutting an estimated $3.88M.
- 76 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q4 2016, up from 66 in Q3 2016.
- Funds reported $84M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q4 2016, down 12% quarter-over-quarter.
- 17 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q4 2016 and 5 closed out, a net change of +12 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q4 2016 was Laurion Capital Management, an estimated $2.62M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q4 2016 was LPL Financial, an estimated $3.88M sold.
Based on aggregated 13F filings for Q4 2016.