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FFC

Flaherty & Crumrine Preferred and Income Securities Fund
FFC

79 hedge funds and large institutions have $97.5M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 19 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 19

18% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 11

3% more funds holding

Funds holding: 77 → 79 (+2)

1.29% more ownership

Funds ownership: 10.31% → 11.59% (+1.3%)

5% more capital invested

Capital invested by funds: $93.1M → $97.5M (+$4.42M)

Holders
79
Holders Change
+2
Holders Change %
+2.6%
% of All Funds
1.81%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
13
Increased
31
Reduced
19
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$4.38M
2
AF
Affiance Financial
Minnesota
+$3.96M
3
WAM
Wolverine Asset Management
Illinois
+$2.7M
4
RCM
Robinson Capital Management
Michigan
+$2.63M
5
LPL Financial
LPL Financial
California
+$1.82M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$1.99M
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.96M
3
ADBIC
A.D. Beadell Investment Counsel
Wisconsin
-$1.82M
4
LCM
Laurion Capital Management
New York
-$1.56M
5
CAN
Cetera Advisor Networks
California
-$959K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$15.9M +$4.38M +227,608 +38%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$8.95M -$439K -22,791 -5%
CCM
3
Covington Capital Management
California
$7.84M +$143K +7,450 +2%
Morgan Stanley
4
Morgan Stanley
New York
$5.54M +$232K +12,033 +4%
Invesco
5
Invesco
Georgia
$4.97M +$176K +9,124 +4%
Wells Fargo
6
Wells Fargo
California
$4.95M +$352K +18,299 +8%
Commonwealth Equity Services
7
Commonwealth Equity Services
Massachusetts
$4.79M +$134K +6,966 +3%
AF
8
Affiance Financial
Minnesota
$3.91M +$3.96M +205,568 New
LPL Financial
9
LPL Financial
California
$3.57M +$1.82M +94,535 +101%
NL
10
NWAM LLC
Washington
$3.23M -$36.4K -1,889 -1%
WAM
11
Wolverine Asset Management
Illinois
$2.97M +$2.7M +140,401 +893%
Ameriprise
12
Ameriprise
Minnesota
$2.6M -$14.7K -763 -0.6%
RCM
13
Robinson Capital Management
Michigan
$2.58M +$2.63M +136,890 New
FFA
14
First Foundation Advisors
California
$2.4M +$753K +39,122 +45%
TFF
15
The Family Firm
Maryland
$1.6M +$235K +12,185 +17%
Cohen & Steers
16
Cohen & Steers
New York
$1.54M +$1.4M +72,506 +868%
LTFS
17
Ladenburg Thalmann Financial Services
Florida
$1.48M +$111K +5,763 +8%
LWS
18
Lucia Wealth Services
California
$1.39M +$692K +35,967 +97%
AG
19
Advisor Group
Arizona
$1.07M -$536K -27,827 -33%
UBS Group
20
UBS Group
Switzerland
$1.06M -$1.99M -103,270 -65%
TIA
21
Tiemann Investment Advisors
California
$953K -$30.8K -1,600 -3%
BAM
22
Bruderman Asset Management
New York
$952K +$32.4K +1,686 +3%
AWM
23
Aevitas Wealth Management
Massachusetts
$932K -$27.4K -1,425 -3%
COLIM
24
City of London Investment Management
United Kingdom
$840K +$851K +44,242 New
RJA
25
Raymond James & Associates
Florida
$813K +$433K +22,511 +111%
1
2 3 4

FFC Hedge Fund Activity: Q1 2018 in Review

79 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q1 2018, worth a combined $97.5M — up 4.8% from $93.1M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FFC positions and 11 closed out — a net gain of 2 holders — while 31 added to existing stakes and 19 trimmed.

The largest buyer was Bank of America, adding an estimated $4.38M. The largest seller was UBS Group, cutting an estimated $1.99M.

  • 79 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q1 2018, up from 77 in Q4 2017.
  • Funds reported $97.5M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q1 2018, up 4.8% quarter-over-quarter.
  • 13 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q1 2018 and 11 closed out, a net change of +2 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q1 2018 was Bank of America, an estimated $4.38M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q1 2018 was UBS Group, an estimated $1.99M sold.

Based on aggregated 13F filings for Q1 2018.