Flaherty & Crumrine Preferred and Income Securities Fund
FFC
62 hedge funds and large institutions have $98.3M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 25 increasing their positions, 18 reducing their positions, and 7 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 18
1% more capital invested
Capital invested by funds: $97M → $98.3M (+$1.31M)
0.44% more ownership
Funds ownership: 9.98% → 10.42% (+0.44%)
7% less funds holding
Funds holding: 67 → 62 (-5)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$5.84M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.74M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$568K |
| 4 |
CCM
Covington Capital Management
Los Angeles,
California
|
+$479K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$371K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.22M |
| 2 |
AG
Advisor Group
Phoenix,
Arizona
|
-$1.28M |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
-$938K |
| 4 |
EDRH
Edmond de Rothschild Holding
Chambesy,
Switzerland
|
-$501K |
| 5 |
SXL
Summit X LLC
Chesterfield,
Missouri
|
-$229K |
FFC Hedge Fund Activity: Q3 2017 in Review
62 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2017, worth a combined $98.3M — up 1.4% from $97M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FFC and 3 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 25 added.
The largest buyer was Bank of America, adding an estimated $5.84M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $2.22M sold.
- 62 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2017, down from 67 in Q2 2017.
- Funds reported $98.3M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2017, up 1.4% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2017 and 7 closed out, a net change of -4 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2017 was Bank of America, an estimated $5.84M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2017 was Robinson Capital Management, an estimated $2.22M sold.
Based on aggregated 13F filings for Q3 2017.