Flaherty & Crumrine Total Return Fund
FLC
31 hedge funds and large institutions have $30.4M invested in Flaherty & Crumrine Total Return Fund in 2019 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 6 closing their positions.
1.53% less ownership
Funds ownership: 15.22% → 13.69% (-1.5%)
11% less capital invested
Capital invested by funds: $34M → $30.4M (-$3.6M)
14% less funds holding
Funds holding: 36 → 31 (-5)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
+$249K |
| 2 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$227K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$138K |
| 4 |
PFBT
Parkside Financial Bank & Trust
Saint Louis,
Missouri
|
+$99.6K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$54.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.26M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$844K |
| 3 |
Cohen & Steers
New York
|
-$467K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$427K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$267K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SA
26
SRH Advisors
Salina,
Kansas
| $37K | – | – | – |
|
27
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $35K | – | – | – |
|
|
APA
28
American Portfolios Advisors
Holbrook,
New York
| $18.1K | – | – | – |
|
|
CAC
29
Certified Advisory Corp
Altamonte Springs,
Florida
| $13K | – | – | – |
|
|
WC
30
Westwind Capital
Las Cruces,
New Mexico
| $11K | – | – | – |
|
31
Fifth Third Bancorp
Cincinnati,
Ohio
| $9K | – | – | – |
|
|
RCM
32
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$844K | -37,949 | Closed |
|
|
33
Cohen & Steers
New York
| – | -$467K | -20,825 | Closed |
|
|
CAN
34
Claraphi Advisory Network
Aliso Viejo,
United States
| – | -$180K | -8,033 | Closed |
|
35
Citigroup
New York
| – | -$65K | -2,885 | Closed |
|
|
FIA
36
FNY Investment Advisers
New York
| – | -$8K | -371 | Closed |
|
|
AIC
37
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$4K | -200 | Closed |
|
FLC Hedge Fund Activity: Q4 2019 in Review
31 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q4 2019, worth a combined $30.4M — down 11% from $34M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FLC and 2 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 6 added.
The largest buyer was Truist Financial, opening a new position worth an estimated $249K. The largest seller was Bank of America, cutting an estimated $1.26M.
- 31 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q4 2019, down from 36 in Q3 2019.
- Funds reported $30.4M of Flaherty & Crumrine Total Return Fund stock for Q4 2019, down 11% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Total Return Fund positions in Q4 2019 and 6 closed out, a net change of -4 holders.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q4 2019 was Truist Financial, an estimated $249K added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q4 2019 was Bank of America, an estimated $1.26M sold.
Based on aggregated 13F filings for Q4 2019.