Flaherty & Crumrine Total Return Fund
FLC
35 hedge funds and large institutions have $35.8M invested in Flaherty & Crumrine Total Return Fund in 2018 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 15 reducing their positions, and 5 closing their positions.
0.79% less ownership
Funds ownership: 19.22% → 18.42% (-0.79%)
5% less funds holding
Funds holding: 37 → 35 (-2)
6% less capital invested
Capital invested by funds: $37.9M → $35.8M (-$2.11M)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
73% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$710K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$451K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$258K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$227K |
| 5 |
Cohen & Steers
New York
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.17M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$651K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$317K |
| 4 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$240K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$196K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $70K | – | – | – |
|
|
WT
27
Whittier Trust
South Pasadena,
California
| $59K | – | – | – |
|
|
AG
28
Advisor Group
Phoenix,
Arizona
| $42K | -$1.32K | -68 | -3% |
|
|
SA
29
SRH Advisors
Salina,
Kansas
| $39K | – | – | – |
|
|
WC
30
Westwind Capital
Las Cruces,
New Mexico
| $33K | – | – | – |
|
|
AF
31
Advisornet Financial
Minnetonka,
Minnesota
| $27K | – | – | – |
|
|
IA
32
IFP Advisors
Tampa,
Florida
| $16K | – | – | – |
|
|
CFA
33
Carroll Financial Associates
Charlotte,
North Carolina
| $8K | – | – | – |
|
34
Fifth Third Bancorp
Cincinnati,
Ohio
| $8K | – | – | – |
|
|
CF
35
Centaurus Financial
Anaheim,
California
| $6K | +$6.03K | +311 | New |
|
|
36
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$651K | -32,871 | Closed |
|
|
JMPWA
37
JP Morgan Private Wealth Advisors
San Francisco,
California
| – | -$240K | -12,088 | Closed |
|
|
SWP
38
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$34K | -1,700 | Closed |
|
39
Bessemer Group
Woodbridge,
New Jersey
| – | -$16K | -825 | Closed |
|
|
AC
40
Avestar Capital
New York
| – | -$13K | -700 | Closed |
|
FLC Hedge Fund Activity: Q2 2018 in Review
35 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q2 2018, worth a combined $35.8M — down 5.6% from $37.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FLC and 3 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 4 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $710K. The largest seller was Wolverine Asset Management, cutting an estimated $1.17M.
- 35 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q2 2018, down from 37 in Q1 2018.
- Funds reported $35.8M of Flaherty & Crumrine Total Return Fund stock for Q2 2018, down 5.6% quarter-over-quarter.
- 3 funds opened new Flaherty & Crumrine Total Return Fund positions in Q2 2018 and 5 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q2 2018 was Rivernorth Capital Management, an estimated $710K added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q2 2018 was Wolverine Asset Management, an estimated $1.17M sold.
Based on aggregated 13F filings for Q2 2018.