Flaherty & Crumrine Preferred and Income Securities Fund
FFC
95 hedge funds and large institutions have $96M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2023 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 13 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 23
8% more capital invested
Capital invested by funds: $88.8M → $96M (+$7.17M)
1.21% more ownership
Funds ownership: 13.54% → 14.75% (+1.2%)
6% less funds holding
Funds holding: 101 → 95 (-6)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$6.98M |
| 2 |
CW
Connectus Wealth
Cincinnati,
Ohio
|
+$1.64M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$578K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$574K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$559K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GG
Golden Green
Seneca,
South Carolina
|
-$2.47M |
| 2 |
Cerity Partners
New York
|
-$728K |
| 3 |
ECA
Elevated Capital Advisors
Sandy,
Utah
|
-$541K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$474K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$285K |
FFC Hedge Fund Activity: Q2 2023 in Review
95 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q2 2023, worth a combined $96M — up 8.1% from $88.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FFC and 9 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 36 added.
The largest buyer was Mangrove Partners, opening a new position worth an estimated $6.98M. The largest seller was Golden Green, exiting entirely with an estimated $2.47M sold.
- 95 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q2 2023, down from 101 in Q1 2023.
- Funds reported $96M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q2 2023, up 8.1% quarter-over-quarter.
- 9 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q2 2023 and 13 closed out, a net change of -4 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q2 2023 was Mangrove Partners, an estimated $6.98M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q2 2023 was Golden Green, an estimated $2.47M sold.
Based on aggregated 13F filings for Q2 2023.