Flaherty & Crumrine Preferred and Income Securities Fund
FFC
67 hedge funds and large institutions have $97M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 20 reducing their positions, and 9 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 20
2% more capital invested
Capital invested by funds: $95.6M → $97M (+$1.44M)
0.59% less ownership
Funds ownership: 10.57% → 9.98% (-0.59%)
8% less funds holding
Funds holding: 73 → 67 (-6)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$671K |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
+$539K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$507K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$381K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$336K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$3.55M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$2.18M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$819K |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$639K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$464K |
FFC Hedge Fund Activity: Q2 2017 in Review
67 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q2 2017, worth a combined $97M — up 1.5% from $95.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FFC and 4 opened new positions — a net loss of 5 holders — while 20 trimmed existing stakes and 24 added.
The largest buyer was Wells Fargo, adding an estimated $671K. The largest seller was LPL Financial, cutting an estimated $3.55M.
- 67 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q2 2017, down from 73 in Q1 2017.
- Funds reported $97M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q2 2017, up 1.5% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q2 2017 and 9 closed out, a net change of -5 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q2 2017 was Wells Fargo, an estimated $671K added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q2 2017 was LPL Financial, an estimated $3.55M sold.
Based on aggregated 13F filings for Q2 2017.