Flaherty & Crumrine Preferred and Income Securities Fund
FFC
108 hedge funds and large institutions have $99M invested in Flaherty & Crumrine Preferred and Income Securities Fund in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 26 reducing their positions, and 7 closing their positions.
186% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 7
35% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 26
14% more funds holding
Funds holding: 95 → 108 (+13)
1.37% more ownership
Funds ownership: 14.75% → 16.12% (+1.4%)
3% more capital invested
Capital invested by funds: $96M → $99M (+$3.02M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RL
RPO LLC
Stamford,
Connecticut
|
+$4.34M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$3.63M |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$2.03M |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.99M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.06M |
| 2 |
Morgan Stanley
New York
|
-$2.37M |
| 3 |
CW
Connectus Wealth
Cincinnati,
Ohio
|
-$1.64M |
| 4 |
FFWM
Future Financial Wealth Management
Cincinnati,
Ohio
|
-$1.61M |
| 5 |
Cerity Partners
New York
|
-$1.4M |
FFC Hedge Fund Activity: Q3 2023 in Review
108 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Preferred and Income Securities Fund (FFC) for Q3 2023, worth a combined $99M — up 3.1% from $96M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new FFC positions and 7 closed out — a net gain of 13 holders — while 35 added to existing stakes and 26 trimmed.
The largest buyer was RPO LLC, opening a new position worth an estimated $4.34M. The largest seller was Royal Bank of Canada, cutting an estimated $3.06M.
- 108 institutional investors held Flaherty & Crumrine Preferred and Income Securities Fund (FFC) as of Q3 2023, up from 95 in Q2 2023.
- Funds reported $99M of Flaherty & Crumrine Preferred and Income Securities Fund stock for Q3 2023, up 3.1% quarter-over-quarter.
- 20 funds opened new Flaherty & Crumrine Preferred and Income Securities Fund positions in Q3 2023 and 7 closed out, a net change of +13 holders.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund buyer in Q3 2023 was RPO LLC, an estimated $4.34M added.
- The largest Flaherty & Crumrine Preferred and Income Securities Fund seller in Q3 2023 was Royal Bank of Canada, an estimated $3.06M sold.
Based on aggregated 13F filings for Q3 2023.