Flaherty & Crumrine Total Return Fund
FLC
32 hedge funds and large institutions have $18.1M invested in Flaherty & Crumrine Total Return Fund in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 2 reducing their positions, and 6 closing their positions.
550% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 2
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
13% more capital invested
Capital invested by funds: $16M → $18.1M (+$2.06M)
3% more funds holding
Funds holding: 31 → 32 (+1)
1.99% more ownership
Funds ownership: 10.7% → 12.68% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$908K |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$760K |
| 3 |
SCM
Saba Capital Management
New York
|
+$636K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$404K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$388K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$722K |
| 2 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$213K |
| 3 |
WS
Wedbush Securities
Los Angeles,
California
|
-$203K |
| 4 |
NWA
Navis Wealth Advisors
Rye Brook,
New York
|
-$184K |
| 5 |
Rockefeller Capital Management
New York
|
-$132K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SA
26
SRH Advisors
Salina,
Kansas
| $13.7K | – | – | – |
|
|
HCM
27
Highlander Capital Management
Short Hills,
New Jersey
| $7K | +$7.07K | +500 | New |
|
|
NSG
28
Nalls Sherbakoff Group
Knoxville,
Tennessee
| $6.78K | – | – | – |
|
29
Bessemer Group
Woodbridge,
New Jersey
| $3K | +$3.25K | +230 | New |
|
|
TIM
30
Tortoise Investment Management
White Plains,
New York
| $2.1K | +$42 | +3 | +2% |
|
|
SS
31
Sunbelt Securities
Houston,
Texas
| $1.92K | – | – | – |
|
32
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $18 | -$2.53K | -179 | -99% |
|
|
NA
33
NewEdge Advisors
New Orleans,
Louisiana
| – | -$213K | -14,850 | Closed |
|
|
WS
34
Wedbush Securities
Los Angeles,
California
| – | -$203K | -14,100 | Closed |
|
|
NWA
35
Navis Wealth Advisors
Rye Brook,
New York
| – | -$184K | -12,813 | Closed |
|
|
36
Rockefeller Capital Management
New York
| – | -$132K | -9,172 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$2.85K | -198 | Closed |
|
|
HCM
38
Hollencrest Capital Management
Newport Beach,
California
| – | -$28 | -2 | Closed |
|
FLC Hedge Fund Activity: Q3 2023 in Review
32 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q3 2023, worth a combined $18.1M — up 13% from $16M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FLC positions and 6 closed out — a net gain of 1 holder — while 13 added to existing stakes and 2 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $908K. The largest seller was Royal Bank of Canada, cutting an estimated $722K.
- 32 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q3 2023, up from 31 in Q2 2023.
- Funds reported $18.1M of Flaherty & Crumrine Total Return Fund stock for Q3 2023, up 13% quarter-over-quarter.
- 7 funds opened new Flaherty & Crumrine Total Return Fund positions in Q3 2023 and 6 closed out, a net change of +1 holder.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q3 2023 was Wolverine Asset Management, an estimated $908K added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q3 2023 was Royal Bank of Canada, an estimated $722K sold.
Based on aggregated 13F filings for Q3 2023.