Flaherty & Crumrine Total Return Fund
FLC
27 hedge funds and large institutions have $34.2M invested in Flaherty & Crumrine Total Return Fund in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 4 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
18% more capital invested
Capital invested by funds: $29M → $34.2M (+$5.23M)
1.72% more ownership
Funds ownership: 15.76% → 17.48% (+1.7%)
0% more funds holding
Funds holding: 27 → 27 (0)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$5.22M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$338K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$281K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
+$81.3K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$73.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.78M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$453K |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$321K |
| 4 |
SG Americas Securities
New York
|
-$216K |
| 5 |
Cohen & Steers
New York
|
-$137K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $3K | +$2.47K | +129 | +921% |
|
|
1IC
27
1919 Investment Counsel
Baltimore,
Maryland
| $1K | – | – | – |
|
|
PRCM
28
Pine River Capital Management
Minnetonka,
Minnesota
| – | -$321K | -17,274 | Closed |
|
|
29
SG Americas Securities
New York
| – | -$216K | -11,640 | Closed |
|
|
ASN
30
Advisory Services Network
Atlanta,
Georgia
| – | -$10K | -522 | Closed |
|
|
BIM
31
BlackRock Investment Management
Wilmington,
Delaware
| – | -$9K | -507 | Closed |
|
FLC Hedge Fund Activity: Q1 2014 in Review
27 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q1 2014, worth a combined $34.2M — up 18% from $29M a quarter earlier.
Fund positioning in FLC was balanced in Q1 2014: 4 funds opened new positions, 4 closed out, 9 added to existing stakes and 6 trimmed.
The largest buyer was NWAM LLC, opening a new position worth an estimated $5.22M. The largest seller was Guggenheim Capital, cutting an estimated $1.78M.
- 27 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q1 2014, unchanged from Q4 2013.
- Funds reported $34.2M of Flaherty & Crumrine Total Return Fund stock for Q1 2014, up 18% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Total Return Fund positions in Q1 2014 and 4 closed out, a net change of 0 holders.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q1 2014 was NWAM LLC, an estimated $5.22M added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q1 2014 was Guggenheim Capital, an estimated $1.78M sold.
Based on aggregated 13F filings for Q1 2014.