Flaherty & Crumrine Total Return Fund
FLC
31 hedge funds and large institutions have $16M invested in Flaherty & Crumrine Total Return Fund in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 6 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
2% more capital invested
Capital invested by funds: $15.8M → $16M (+$247K)
0.39% more ownership
Funds ownership: 10.3% → 10.7% (+0.39%)
6% less funds holding
Funds holding: 33 → 31 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$680K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$345K |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$213K |
| 4 |
LPL Financial
San Diego,
California
|
+$166K |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
-$181K |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$174K |
| 3 |
Rockefeller Capital Management
New York
|
-$112K |
| 4 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
-$103K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
-$67.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NSG
26
Nalls Sherbakoff Group
Knoxville,
Tennessee
| $7.12K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $2.85K | +$2.86K | +198 | New |
|
28
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2.61K | +$2.61K | +181 | New |
|
|
TIM
29
Tortoise Investment Management
White Plains,
New York
| $2.17K | +$2.18K | +151 | New |
|
|
SS
30
Sunbelt Securities
Houston,
Texas
| $2.01K | – | – | – |
|
|
HCM
31
Hollencrest Capital Management
Newport Beach,
California
| $29 | – | – | – |
|
|
CIA
32
Capital Investment Advisors
Atlanta,
Georgia
| – | -$174K | -11,835 | Closed |
|
|
AAS
33
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$103K | -6,972 | Closed |
|
|
SPIA
34
Steward Partners Investment Advisory
New York
| – | -$67.6K | -4,600 | Closed |
|
|
CIA
35
Cascade Investment Advisors
Oregon City,
Oregon
| – | -$39.7K | -2,700 | Closed |
|
|
LWA
36
Lowe Wealth Advisors
Columbia,
Maryland
| – | -$14.7K | -1,000 | Closed |
|
37
Fidelity Investments
Boston,
Massachusetts
| – | -$15 | -1 | Closed |
|
FLC Hedge Fund Activity: Q2 2023 in Review
31 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q2 2023, worth a combined $16M — up 1.6% from $15.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FLC and 5 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 8 added.
The largest buyer was Royal Bank of Canada, adding an estimated $680K. The largest seller was Koshinski Asset Management, cutting an estimated $181K.
- 31 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q2 2023, down from 33 in Q1 2023.
- Funds reported $16M of Flaherty & Crumrine Total Return Fund stock for Q2 2023, up 1.6% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Total Return Fund positions in Q2 2023 and 6 closed out, a net change of -1 holder.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q2 2023 was Royal Bank of Canada, an estimated $680K added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q2 2023 was Koshinski Asset Management, an estimated $181K sold.
Based on aggregated 13F filings for Q2 2023.