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FLC

Flaherty & Crumrine Total Return Fund
FLC

36 hedge funds and large institutions have $22.9M invested in Flaherty & Crumrine Total Return Fund in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 4

27% more capital invested

Capital invested by funds: $18.1M → $22.9M (+$4.83M)

13% more funds holding

Funds holding: 32 → 36 (+4)

2.44% more ownership

Funds ownership: 12.68% → 15.12% (+2.4%)

27% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 11

Holders
36
Holders Change
+4
Holders Change %
+12.5%
% of All Funds
0.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
8
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$1.99M
2
RVPG
Relative Value Partners Group
+$840K
3
MC
Matisse Capital
Oregon
+$570K
4
AA
AQR Arbitrage
Connecticut
+$496K
5
LSC
Logan Stone Capital
Illinois
+$241K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$360K
2
Bank of America
Bank of America
North Carolina
-$333K
3
CI
Ceera Investments
Texas
-$193K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$167K
5
SFS
Sowell Financial Services
Arkansas
-$166K
Name Holding Trade Value Shares
Change 		Change in
Stake
WT
26
Whittier Trust
California
$43.6K – – –
MIA
27
MeadowBrook Investment Advisors
Michigan
$31.1K +$29.5K +2,140 New
GWM
28
Geneos Wealth Management
Colorado
$23.5K – – –
JP Morgan Chase
29
JP Morgan Chase
New York
$17.1K +$16.2K +1,173 New
SA
30
SRH Advisors
Kansas
$14.6K – – –
HCM
31
Highlander Capital Management
New Jersey
$7.28K – – –
NSG
32
Nalls Sherbakoff Group
Tennessee
$7.2K – – –
Bessemer Group
33
Bessemer Group
New Jersey
$3K +$41 +3 +1%
TIM
34
Tortoise Investment Management
New York
$2.28K +$28 +2 +1%
SS
35
Sunbelt Securities
Texas
$2.04K – – –
NB
36
NBT Bank
New York
$1.41K +$414 +30 New
CI
37
Ceera Investments
Texas
– -$193K -14,080 Closed
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
– -$167K -12,202 Closed
OP
39
ORG Partners
Indiana
– -$32.9K -2,405 Closed
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
– -$18 -2 Closed
1
2

FLC Hedge Fund Activity: Q4 2023 in Review

36 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q4 2023, worth a combined $22.9M — up 27% from $18.1M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new FLC positions and 4 closed out — a net gain of 4 holders — while 8 added to existing stakes and 11 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $1.99M. The largest seller was Morgan Stanley, cutting an estimated $360K.

  • 36 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q4 2023, up from 32 in Q3 2023.
  • Funds reported $22.9M of Flaherty & Crumrine Total Return Fund stock for Q4 2023, up 27% quarter-over-quarter.
  • 8 funds opened new Flaherty & Crumrine Total Return Fund positions in Q4 2023 and 4 closed out, a net change of +4 holders.
  • The largest Flaherty & Crumrine Total Return Fund buyer in Q4 2023 was Saba Capital Management, an estimated $1.99M added.
  • The largest Flaherty & Crumrine Total Return Fund seller in Q4 2023 was Morgan Stanley, an estimated $360K sold.

Based on aggregated 13F filings for Q4 2023.