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FFC

Flaherty & Crumrine Preferred and Income Securities Fund

82 hedge funds and large institutions have $137M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2018 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 25 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

24% more capital invested

Capital invested by funds: $110M → $137M (+$26.7M)

11% more funds holding

Funds holding: 7482 (+8)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.02% less ownership

Funds ownership: 13.17%13.15% (-0.02%)

16% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 25

Holders
82
Holders Change
+8
Holders Change %
+10.81%
% of All Funds
1.87%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
14
Increased
21
Reduced
25
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Ameriprise
1
Ameriprise
Minnesota
$34M +$516K +27,178 +19%
Bank of America
2
Bank of America
North Carolina
$11.1M -$4.3M -226,320 -27%
Invesco
3
Invesco
Georgia
$8.59M +$1.29M +67,889 +17%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$8.16M -$180K -9,494 -2%
CCM
5
Covington Capital Management
California
$7.67M +$39.5K +2,079 +0.5%
OA
6
Oxbow Advisors
Texas
$6.81M -$203K -10,687 -3%
AF
7
Affiance Financial
Minnesota
$6.11M +$119K +6,246 +2%
Wells Fargo
8
Wells Fargo
California
$5.73M +$28.9K +1,523 +0.5%
Morgan Stanley
9
Morgan Stanley
New York
$5.71M +$181K +9,527 +3%
Commonwealth Equity Services
10
Commonwealth Equity Services
Massachusetts
$5.13M +$385K +20,273 +8%
Cohen & Steers
11
Cohen & Steers
New York
$5.01M +$1.72M +90,691 +49%
NL
12
NWAM LLC
Washington
$2.96M -$119K -6,285 -4%
RCM
13
Robinson Capital Management
Michigan
$2.72M
FFA
14
First Foundation Advisors
California
$1.95M -$842K -44,350 -29%
LPL Financial
15
LPL Financial
California
$1.93M -$689K -36,316 -26%
TFF
16
The Family Firm
Maryland
$1.68M +$74.5K +3,922 +4%
LTFS
17
Ladenburg Thalmann Financial Services
Florida
$1.53M +$120K +6,319 +8%
LWS
18
Lucia Wealth Services
California
$1.42M
NMC
19
Nine Masts Capital
Hong Kong
$1.19M +$1.24M +65,500 New
PAG
20
Private Advisor Group
New Jersey
$1.15M +$425K +22,402 +55%
AG
21
Advisor Group
Arizona
$1.12M +$162K +8,526 +16%
UBS Group
22
UBS Group
Switzerland
$1.1M -$100K -5,268 -8%
BAM
23
Bruderman Asset Management
New York
$898K +$80.2K +4,223 +9%
TIA
24
Tiemann Investment Advisors
California
$888K
CAN
25
Cetera Advisor Networks
California
$884K +$97.3K +5,126 +12%

FFC Hedge Fund Activity: Q3 2018 in Review

82 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2018, worth a combined $137M — up 24% from $110M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FFC positions and 6 closed out — a net gain of 8 holders — while 21 added to existing stakes and 25 trimmed.

The largest buyer was Cohen & Steers, adding an estimated $1.72M. The largest seller was Bank of America, cutting an estimated $4.3M.

  • 82 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2018, up from 74 in Q2 2018.
  • Funds reported $137M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2018, up 24% quarter-over-quarter.
  • 14 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2018 and 6 closed out, a net change of +8 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2018 was Cohen & Steers, an estimated $1.72M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2018 was Bank of America, an estimated $4.3M sold.

Based on aggregated 13F filings for Q3 2018.