Flaherty & Crumrine Total Return Fund
FLC
25 hedge funds and large institutions have $30.6M invested in Flaherty & Crumrine Total Return Fund in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 5 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
0.41% more ownership
Funds ownership: 13.93% → 14.34% (+0.41%)
1% less capital invested
Capital invested by funds: $30.9M → $30.6M (-$258K)
7% less funds holding
Funds holding: 27 → 25 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
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
|
+$1.15M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$505K |
| 3 |
LCM
Laurion Capital Management
New York
|
+$460K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$234K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
+$152K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$999K |
| 2 |
Cohen & Steers
New York
|
-$229K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$214K |
| 4 |
BAM
Bruderman Asset Management
Locust Valley,
New York
|
-$145K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$83.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GC
26
Guggenheim Capital
Chicago,
Illinois
| – | -$214K | -9,584 | Closed |
|
|
BAM
27
Bruderman Asset Management
Locust Valley,
New York
| – | -$145K | -6,485 | Closed |
|
|
DADC
28
D.A. Davidson & Co
Great Falls,
Montana
| – | -$32K | -1,470 | Closed |
|
29
Creative Planning
Overland Park,
Kansas
| – | -$7K | -327 | Closed |
|
|
PCM
30
Penserra Capital Management
Orinda,
California
| – | -$3K | -154 | Closed |
|
FLC Hedge Fund Activity: Q3 2017 in Review
25 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q3 2017, worth a combined $30.6M — down 0.84% from $30.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FLC and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was Bank of America, adding an estimated $1.15M. The largest seller was Ameriprise, cutting an estimated $999K.
- 25 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q3 2017, down from 27 in Q2 2017.
- Funds reported $30.6M of Flaherty & Crumrine Total Return Fund stock for Q3 2017, down 0.84% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Total Return Fund positions in Q3 2017 and 5 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q3 2017 was Bank of America, an estimated $1.15M added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q3 2017 was Ameriprise, an estimated $999K sold.
Based on aggregated 13F filings for Q3 2017.