Flaherty & Crumrine Total Return Fund
FLC
27 hedge funds and large institutions have $29M invested in Flaherty & Crumrine Total Return Fund in 2013 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
29% more funds holding
Funds holding: 21 → 27 (+6)
10% more capital invested
Capital invested by funds: $26.4M → $29M (+$2.59M)
1.11% more ownership
Funds ownership: 14.65% → 15.76% (+1.1%)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$1.41M |
| 2 |
NPC
National Planning Corporation
El Segundo,
California
|
+$909K |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$313K |
| 4 |
SG Americas Securities
New York
|
+$211K |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$121K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IH
IFC Holdings
Tampa,
Florida
|
-$1.09M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$258K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$158K |
| 4 |
Cohen & Steers
New York
|
-$133K |
| 5 |
Morgan Stanley
New York
|
-$89.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1IC
26
1919 Investment Counsel
Baltimore,
Maryland
| $1K | – | – | – |
|
|
IH
27
IFC Holdings
Tampa,
Florida
| – | -$1.09M | -59,295 | Closed |
|
28
Citigroup
New York
| – | -$12.5K | -692 | -98% |
|
|
SSB
29
Sandy Spring Bank
Olney,
Maryland
| – | -$9K | -500 | Closed |
|
FLC Hedge Fund Activity: Q4 2013 in Review
27 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q4 2013, worth a combined $29M — up 9.8% from $26.4M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FLC positions and 2 closed out — a net gain of 6 holders — while 6 added to existing stakes and 7 trimmed.
The largest buyer was Invesco, adding an estimated $1.41M. The largest seller was IFC Holdings, exiting entirely with an estimated $1.09M sold.
- 27 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q4 2013, up from 21 in Q3 2013.
- Funds reported $29M of Flaherty & Crumrine Total Return Fund stock for Q4 2013, up 9.8% quarter-over-quarter.
- 8 funds opened new Flaherty & Crumrine Total Return Fund positions in Q4 2013 and 2 closed out, a net change of +6 holders.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q4 2013 was Invesco, an estimated $1.41M added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q4 2013 was IFC Holdings, an estimated $1.09M sold.
Based on aggregated 13F filings for Q4 2013.