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FLC

Flaherty & Crumrine Total Return Fund
FLC

36 hedge funds and large institutions have $33.1M invested in Flaherty & Crumrine Total Return Fund in 2018 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.57% more ownership

Funds ownership: 16.72% → 19.29% (+2.6%)

5% less funds holding

Funds holding: 38 → 36 (-2)

31% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 13

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

47% less capital invested

Capital invested by funds: $62.3M → $33.1M (-$29.2M)

Holders
36
Holders Change
-2
Holders Change %
-5.26%
% of All Funds
0.8%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
9
Reduced
13
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$4.89M
2
NL
NWAM LLC
Washington
+$1.09M
3
Koshinski Asset Management
Koshinski Asset Management
Illinois
+$230K
4
BTS
BB&T Securities
Virginia
+$202K
5
WAM
Wolverine Asset Management
Illinois
+$193K

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$31.3M
2
Bank of America
Bank of America
North Carolina
-$1.2M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$498K
4
Invesco
Invesco
Georgia
-$493K
5
RG
Rikoon Group
New Mexico
-$343K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$45K -$32.2K -1,837 -42%
AF
27
Advisornet Financial
Minnesota
$41K – – –
SA
28
SRH Advisors
Kansas
$29K -$5.84K -333 -17%
WC
29
Westwind Capital
New Mexico
$29K +$21.1K +1,200 +253%
FHB
30
First Hawaiian Bank
Hawaii
$25K – – –
Northwestern Mutual Wealth Management
31
Northwestern Mutual Wealth Management
Wisconsin
$23K -$43.9K -2,500 -65%
AG
32
Advisor Group
Arizona
$17K -$19.9K -1,133 -53%
NSG
33
Nalls Sherbakoff Group
Tennessee
$9K +$8.69K +495 New
Fifth Third Bancorp
34
Fifth Third Bancorp
Ohio
$7K – – –
LF
35
Lee Financial
Texas
$4K – – –
RG
36
Rikoon Group
New Mexico
– -$343K -18,445 Closed
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
– -$275K -14,764 Closed
SWP
38
Stratos Wealth Partners
Ohio
– -$32K -1,700 Closed
Ameriprise
39
Ameriprise
Minnesota
– -$31.3M -1,680 Closed
Citigroup
40
Citigroup
New York
– -$15K -810 Closed
CFA
41
Carroll Financial Associates
North Carolina
– -$8K -450 Closed
1
2

FLC Hedge Fund Activity: Q4 2018 in Review

36 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q4 2018, worth a combined $33.1M — down 47% from $62.3M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FLC and 4 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 9 added.

The largest buyer was Sit Investment Associates, adding an estimated $4.89M. The largest seller was Ameriprise, exiting entirely with an estimated $31.3M sold.

  • 36 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q4 2018, down from 38 in Q3 2018.
  • Funds reported $33.1M of Flaherty & Crumrine Total Return Fund stock for Q4 2018, down 47% quarter-over-quarter.
  • 4 funds opened new Flaherty & Crumrine Total Return Fund positions in Q4 2018 and 6 closed out, a net change of -2 holders.
  • The largest Flaherty & Crumrine Total Return Fund buyer in Q4 2018 was Sit Investment Associates, an estimated $4.89M added.
  • The largest Flaherty & Crumrine Total Return Fund seller in Q4 2018 was Ameriprise, an estimated $31.3M sold.

Based on aggregated 13F filings for Q4 2018.