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FFC

Flaherty & Crumrine Preferred and Income Securities Fund

97 hedge funds and large institutions have $120M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2020 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 32 increasing their positions, 25 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

28% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 25

11% more funds holding

Funds holding: 8797 (+10)

0.99% less ownership

Funds ownership: 13.87%12.88% (-0.99%)

3% less capital invested

Capital invested by funds: $123M → $120M (-$3.2M)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
97
Holders Change
+10
Holders Change %
+11.49%
% of All Funds
1.96%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
16
Increased
32
Reduced
25
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$13.6M +$100K +4,732 +0.7%
Bank of America
2
Bank of America
North Carolina
$11.2M +$102K +4,817 +0.9%
Morgan Stanley
3
Morgan Stanley
New York
$9.62M +$1.77M +83,644 +22%
CCM
4
Covington Capital Management
California
$8.2M -$282K -13,330 -3%
Commonwealth Equity Services
5
Commonwealth Equity Services
Massachusetts
$6.27M +$119K +5,609 +2%
Ameriprise
6
Ameriprise
Minnesota
$6.1M +$1.15M +54,482 +23%
Invesco
7
Invesco
Georgia
$5.76M -$462K -21,781 -7%
LPL Financial
8
LPL Financial
California
$5.55M +$510K +24,072 +10%
Wells Fargo
9
Wells Fargo
California
$4.63M -$1.92M -90,519 -29%
Cohen & Steers
10
Cohen & Steers
New York
$3.55M
Osaic Holdings
11
Osaic Holdings
Arizona
$3.4M -$787K -37,147 -19%
CAN
12
Cetera Advisor Networks
California
$3.23M +$335K +15,806 +11%
CAG
13
Csenge Advisory Group
Florida
$3.04M -$54.2K -2,557 -2%
NL
14
NWAM LLC
Washington
$2.95M -$87.2K -4,115 -3%
ECA
15
Elevated Capital Advisors
Utah
$2.51M -$51.8K -2,447 -2%
Truist Financial
16
Truist Financial
North Carolina
$1.92M -$369K -17,429 -16%
UBS Group
17
UBS Group
Switzerland
$1.6M +$378K +17,819 +31%
JG
18
Jefferies Group
New York
$1.53M +$332K +15,666 +27%
Mercer Global Advisors
19
Mercer Global Advisors
Colorado
$1.43M +$2.54K +120 +0.2%
RJFSA
20
Raymond James Financial Services Advisors
Florida
$1.38M +$305K +14,397 +28%
TFF
21
The Family Firm
Maryland
$1.35M -$131K -6,191 -9%
SIS
22
Sound Income Strategies
Florida
$1.15M +$61.2K +2,890 +6%
Stifel Financial
23
Stifel Financial
Missouri
$914K +$19.1K +902 +2%
FDCDDQ
24
Federation des caisses Desjardins du Quebec
Quebec, Canada
$867K +$7.22K +341 +0.8%
PAG
25
Private Advisor Group
New Jersey
$822K +$83.1K +3,922 +11%

FFC Hedge Fund Activity: Q3 2020 in Review

97 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2020, worth a combined $120M — down 2.6% from $123M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new FFC positions and 5 closed out — a net gain of 11 holders — while 32 added to existing stakes and 25 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.77M. The largest seller was Affiance Financial, cutting an estimated $8.02M.

  • 97 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2020, up from 87 in Q2 2020.
  • Funds reported $120M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2020, down 2.6% quarter-over-quarter.
  • 16 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2020 and 5 closed out, a net change of +11 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2020 was Morgan Stanley, an estimated $1.77M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2020 was Affiance Financial, an estimated $8.02M sold.

Based on aggregated 13F filings for Q3 2020.