Flaherty & Crumrine Total Return Fund
FLC
29 hedge funds and large institutions have $29.7M invested in Flaherty & Crumrine Total Return Fund in 2016 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 4 closing their positions.
34% more capital invested
Capital invested by funds: $22.1M → $29.7M (+$7.55M)
4.43% more ownership
Funds ownership: 10.63% → 15.07% (+4.4%)
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
3% less funds holding
Funds holding: 30 → 29 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$6.05M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.71M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$2.07M |
| 4 |
LPL Financial
San Diego,
California
|
+$132K |
| 5 |
Citigroup
New York
|
+$115K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$1.06M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$553K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$445K |
| 4 |
Bank of New York Mellon
New York
|
-$330K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$210K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
26
IFP Advisors
Tampa,
Florida
| $14K | – | – | – |
|
27
Fifth Third Bancorp
Cincinnati,
Ohio
| $8K | – | – | – |
|
28
Creative Planning
Overland Park,
Kansas
| $7K | -$6.63K | -328 | -50% |
|
|
PCM
29
Penserra Capital Management
Orinda,
California
| $3K | +$344 | +17 | +12% |
|
|
30
Bank of New York Mellon
New York
| – | -$330K | -15,770 | Closed |
|
|
TC
31
TFS Capital
West Chester,
Pennsylvania
| – | -$209K | -10,000 | Closed |
|
|
AG
32
Advisor Group
Phoenix,
Arizona
| – | -$78K | -3,725 | Closed |
|
FLC Hedge Fund Activity: Q4 2016 in Review
29 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q4 2016, worth a combined $29.7M — up 34% from $22.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of FLC and 3 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 9 added.
The largest buyer was NWAM LLC, opening a new position worth an estimated $6.05M. The largest seller was Cohen & Steers, cutting an estimated $1.06M.
- 29 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q4 2016, down from 30 in Q3 2016.
- Funds reported $29.7M of Flaherty & Crumrine Total Return Fund stock for Q4 2016, up 34% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Total Return Fund positions in Q4 2016 and 4 closed out, a net change of -1 holder.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q4 2016 was NWAM LLC, an estimated $6.05M added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q4 2016 was Cohen & Steers, an estimated $1.06M sold.
Based on aggregated 13F filings for Q4 2016.