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FFC

Flaherty & Crumrine Preferred and Income Securities Fund

101 hedge funds and large institutions have $97.3M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2022 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 23 increasing their positions, 33 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 12

1% more funds holding

Funds holding: 100101 (+1)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

1.13% less ownership

Funds ownership: 13.4%12.27% (-1.1%)

22% less capital invested

Capital invested by funds: $125M → $97.3M (-$27.3M)

30% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 33

Holders
101
Holders Change
+1
Holders Change %
+1%
% of All Funds
1.7%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
14
Increased
23
Reduced
33
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$11.1M -$2.18M -120,515 -15%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$8.5M -$5.22M -288,397 -36%
Bank of America
3
Bank of America
North Carolina
$6.25M +$302K +16,658 +5%
CCM
4
Covington Capital Management
California
$5.97M -$135K -7,445 -2%
Invesco
5
Invesco
Georgia
$5.66M -$836K -46,187 -12%
Commonwealth Equity Services
6
Commonwealth Equity Services
Massachusetts
$5.19M +$131K +7,226 +2%
CAN
7
Cetera Advisor Networks
California
$4.48M +$833K +46,018 +21%
Ameriprise
8
Ameriprise
Minnesota
$4.32M -$421K -23,236 -8%
LPL Financial
9
LPL Financial
California
$3.58M -$640K -35,313 -14%
GG
10
Golden Green
South Carolina
$3.56M -$1.84M -101,480 -32%
CAG
11
Csenge Advisory Group
Florida
$2.65M +$554K +30,590 +24%
PCM
12
Penserra Capital Management
California
$2.45M -$44.2K -2,441 -2%
Cohen & Steers
13
Cohen & Steers
New York
$2.33M
Osaic Holdings
14
Osaic Holdings
Arizona
$2.3M -$71.2K -3,933 -3%
Wells Fargo
15
Wells Fargo
California
$2.21M -$305K -16,862 -11%
SFS
16
Sowell Financial Services
Arkansas
$1.96M +$2.12M +116,942 New
Truist Financial
17
Truist Financial
North Carolina
$1.73M -$203K -11,211 -10%
TFF
18
The Family Firm
Maryland
$1.51M +$129K +7,108 +9%
UBS Group
19
UBS Group
Switzerland
$1.51M +$402K +22,173 +33%
RJA
20
Raymond James & Associates
Florida
$1.05M -$166K -9,176 -13%
FDCDDQ
21
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.04M -$21.6K -1,190 -2%
BA
22
Bard Associates
Illinois
$912K +$116K +6,400 +13%
Mercer Global Advisors
23
Mercer Global Advisors
Colorado
$899K -$106K -5,857 -10%
SIS
24
Sound Income Strategies
Florida
$753K -$8.59K -474 -1%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$725K +$24K +1,323 +3%

FFC Hedge Fund Activity: Q2 2022 in Review

101 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q2 2022, worth a combined $97.3M — down 22% from $125M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FFC positions and 12 closed out — a net gain of 2 holders — while 23 added to existing stakes and 33 trimmed.

The largest buyer was Sowell Financial Services, opening a new position worth an estimated $2.12M. The largest seller was Royal Bank of Canada, cutting an estimated $5.22M.

  • 101 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q2 2022, up from 100 in Q1 2022.
  • Funds reported $97.3M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q2 2022, down 22% quarter-over-quarter.
  • 14 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q2 2022 and 12 closed out, a net change of +2 holders.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q2 2022 was Sowell Financial Services, an estimated $2.12M added.
  • The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q2 2022 was Royal Bank of Canada, an estimated $5.22M sold.

Based on aggregated 13F filings for Q2 2022.