Flaherty & Crumrine Total Return Fund
FLC
30 hedge funds and large institutions have $22.1M invested in Flaherty & Crumrine Total Return Fund in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
7% more funds holding
Funds holding: 28 → 30 (+2)
3.25% less ownership
Funds ownership: 13.88% → 10.63% (-3.3%)
27% less capital invested
Capital invested by funds: $30.1M → $22.1M (-$8M)
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.73M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$264K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$218K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$161K |
| 5 |
BAM
Bruderman Asset Management
Locust Valley,
New York
|
+$37.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$6.57M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$942K |
| 3 |
Cohen & Steers
New York
|
-$883K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$441K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$309K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
26
IFP Advisors
Tampa,
Florida
| $15K | – | – | – |
|
27
Creative Planning
Overland Park,
Kansas
| $14K | – | – | – |
|
28
Fifth Third Bancorp
Cincinnati,
Ohio
| $8K | – | – | – |
|
|
PCM
29
Penserra Capital Management
Orinda,
California
| $2K | +$742 | +34 | +32% |
|
|
NL
30
NWAM LLC
Mercer Island,
Washington
| – | -$6.57M | -299,905 | Closed |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$96K | -4,375 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | +$87 | +4 | New |
|
FLC Hedge Fund Activity: Q3 2016 in Review
30 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q3 2016, worth a combined $22.1M — down 27% from $30.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new FLC positions and 2 closed out — a net gain of 2 holders — while 7 added to existing stakes and 12 trimmed.
The largest buyer was Bank of America, adding an estimated $1.73M. The largest seller was NWAM LLC, exiting entirely with an estimated $6.57M sold.
- 30 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q3 2016, up from 28 in Q2 2016.
- Funds reported $22.1M of Flaherty & Crumrine Total Return Fund stock for Q3 2016, down 27% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Total Return Fund positions in Q3 2016 and 2 closed out, a net change of +2 holders.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q3 2016 was Bank of America, an estimated $1.73M added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q3 2016 was NWAM LLC, an estimated $6.57M sold.
Based on aggregated 13F filings for Q3 2016.