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FFC

Flaherty & Crumrine Preferred and Income Securities Fund

106 hedge funds and large institutions have $136M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2019 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 35 increasing their positions, 28 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

320% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 5

25% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 28

14% more funds holding

Funds holding: 93106 (+13)

8% more capital invested

Capital invested by funds: $126M → $136M (+$9.64M)

0.55% more ownership

Funds ownership: 13.66%14.2% (+0.55%)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

Holders
106
Holders Change
+13
Holders Change %
+13.98%
% of All Funds
2.09%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
21
Increased
35
Reduced
28
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$10.5M +$104K +4,850 +1%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$9.86M +$493K +23,051 +5%
CCM
3
Covington Capital Management
California
$8.95M -$21.4K -1,000 -0.2%
CAG
4
Csenge Advisory Group
Florida
$8.82M +$263K +12,297 +3%
AF
5
Affiance Financial
Minnesota
$8.74M +$224K +10,468 +3%
Invesco
6
Invesco
Georgia
$6.94M -$660K -30,869 -9%
Morgan Stanley
7
Morgan Stanley
New York
$6.93M +$71.4K +3,339 +1%
Commonwealth Equity Services
8
Commonwealth Equity Services
Massachusetts
$6.75M +$109K +5,113 +2%
Wells Fargo
9
Wells Fargo
California
$5.88M +$54.5K +2,549 +0.9%
Ameriprise
10
Ameriprise
Minnesota
$4.83M +$436K +20,371 +10%
Cohen & Steers
11
Cohen & Steers
New York
$4.57M -$1.64M -76,554 -27%
LPL Financial
12
LPL Financial
California
$4.12M +$1.34M +62,646 +49%
NL
13
NWAM LLC
Washington
$3.31M -$63.1K -2,950 -2%
LTFS
14
Ladenburg Thalmann Financial Services
Florida
$2.3M -$419K -19,588 -16%
AG
15
Advisor Group
Arizona
$2.29M +$704K +32,906 +45%
UBS Group
16
UBS Group
Switzerland
$1.92M -$135K -6,312 -7%
UCFA
17
United Capital Financial Advisors
Texas
$1.78M +$6.76K +316 +0.4%
ECA
18
Elevated Capital Advisors
Utah
$1.67M +$1.64M +76,832 New
TFF
19
The Family Firm
Maryland
$1.67M -$41.5K -1,940 -2%
CAN
20
Cetera Advisor Networks
California
$1.66M +$145K +6,796 +10%
AWM
21
AE Wealth Management
Kansas
$1.59M +$253K +11,818 +19%
Truist Financial
22
Truist Financial
North Carolina
$1.58M +$1.56M +72,785 New
Mercer Global Advisors
23
Mercer Global Advisors
Colorado
$1.47M -$107K -5,000 -7%
HighTower Advisors
24
HighTower Advisors
Illinois
$1.31M +$43 +2 +0%
RJA
25
Raymond James & Associates
Florida
$1.08M -$3.89K -182 -0.4%

FFC Hedge Fund Activity: Q4 2019 in Review

106 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q4 2019, worth a combined $136M — up 7.6% from $126M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new FFC positions and 5 closed out — a net gain of 16 holders — while 35 added to existing stakes and 28 trimmed.

The largest buyer was Truist Financial, opening a new position worth an estimated $1.56M. The largest seller was Cohen & Steers, cutting an estimated $1.64M.

  • 106 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q4 2019, up from 93 in Q3 2019.
  • Funds reported $136M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q4 2019, up 7.6% quarter-over-quarter.
  • 21 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q4 2019 and 5 closed out, a net change of +16 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q4 2019 was Truist Financial, an estimated $1.56M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q4 2019 was Cohen & Steers, an estimated $1.64M sold.

Based on aggregated 13F filings for Q4 2019.