Flaherty & Crumrine Total Return Fund
FLC
36 hedge funds and large institutions have $34M invested in Flaherty & Crumrine Total Return Fund in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
9% more funds holding
Funds holding: 33 → 36 (+3)
4% more capital invested
Capital invested by funds: $32.8M → $34M (+$1.16M)
1.03% less ownership
Funds ownership: 16.25% → 15.22% (-1%)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.23M |
| 2 |
WS
Wedbush Securities
Los Angeles,
California
|
+$299K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$239K |
| 4 |
CAN
Claraphi Advisory Network
Aliso Viejo,
United States
|
+$171K |
| 5 |
LPL Financial
San Diego,
California
|
+$99K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.44M |
| 2 |
MAFM
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
|
-$637K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$116K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$88K |
| 5 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$46.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
26
Advisornet Financial
Minnetonka,
Minnesota
| $54K | – | – | – |
|
|
AG
27
Advisor Group
Phoenix,
Arizona
| $44K | +$19.8K | +930 | +89% |
|
|
SFS
28
Sowell Financial Services
North Little Rock,
Arkansas
| $41K | +$39K | +1,830 | New |
|
|
SA
29
SRH Advisors
Salina,
Kansas
| $37K | – | – | – |
|
30
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $35K | +$4.58K | +215 | +16% |
|
|
APA
31
American Portfolios Advisors
Holbrook,
New York
| $18.2K | – | – | – |
|
|
CAC
32
Certified Advisory Corp
Altamonte Springs,
Florida
| $13K | – | – | – |
|
|
WC
33
Westwind Capital
Las Cruces,
New Mexico
| $11K | – | – | – |
|
34
Fifth Third Bancorp
Cincinnati,
Ohio
| $9K | – | – | – |
|
|
FIA
35
FNY Investment Advisers
New York
| $8K | +$7.91K | +371 | New |
|
|
AIC
36
Ameritas Investment Company
Lincoln,
Nebraska
| $4K | +$4.26K | +200 | New |
|
|
MAFM
37
Mid Atlantic Financial Management
Pittsburgh,
Pennsylvania
| – | -$637K | -31,400 | Closed |
|
|
TJHA
38
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$88K | -4,361 | Closed |
|
FLC Hedge Fund Activity: Q3 2019 in Review
36 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q3 2019, worth a combined $34M — up 3.5% from $32.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new FLC positions and 2 closed out — a net gain of 3 holders — while 9 added to existing stakes and 11 trimmed.
The largest buyer was Bank of America, adding an estimated $1.23M. The largest seller was Sit Investment Associates, cutting an estimated $3.44M.
- 36 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q3 2019, up from 33 in Q2 2019.
- Funds reported $34M of Flaherty & Crumrine Total Return Fund stock for Q3 2019, up 3.5% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Total Return Fund positions in Q3 2019 and 2 closed out, a net change of +3 holders.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q3 2019 was Bank of America, an estimated $1.23M added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q3 2019 was Sit Investment Associates, an estimated $3.44M sold.
Based on aggregated 13F filings for Q3 2019.