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FLC

Flaherty & Crumrine Total Return Fund
FLC

35 hedge funds and large institutions have $29.6M invested in Flaherty & Crumrine Total Return Fund in 2024 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 7 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 7

13% more capital invested

Capital invested by funds: $26.3M → $29.6M (+$3.32M)

0.19% more ownership

Funds ownership: 16.2% → 16.39% (+0.19%)

5% less funds holding

Funds holding: 37 → 35 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
35
Holders Change
-2
Holders Change %
-5.41%
% of All Funds
0.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
15
Reduced
7
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.56M
2
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$924K
3
Pathstone Holdings
Pathstone Holdings
New Jersey
+$875K
4
Bank of America
Bank of America
North Carolina
+$570K
5
GC
Guggenheim Capital
Illinois
+$317K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$2.32M
2
WAM
Wolverine Asset Management
Illinois
-$1.2M
3
AA
AQR Arbitrage
Connecticut
-$349K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$231K
5
SFS
Sowell Financial Services
Arkansas
-$187K
Name Holding Trade Value Shares
Change 		Change in
Stake
Carson Wealth (CWM LLC)
26
Carson Wealth (CWM LLC)
Nebraska
$69K +$98 +6 +0.2%
GJWM
27
Gilliland Jeter Wealth Management
Arkansas
$49.7K – – –
MIA
28
MeadowBrook Investment Advisors
Michigan
$28K -$6.69K -410 -20%
GWM
29
Geneos Wealth Management
Colorado
$17.5K – – –
BBPWM
30
Blue Bell Private Wealth Management
Pennsylvania
$17.3K – – –
SA
31
SRH Advisors
Kansas
$17.3K – – –
Northwestern Mutual Wealth Management
32
Northwestern Mutual Wealth Management
Wisconsin
$12.1K -$162K -9,936 -93%
Bessemer Group
33
Bessemer Group
New Jersey
$6K +$440 +27 +8%
TIM
34
Tortoise Investment Management
New York
$2.84K +$33 +2 +1%
SS
35
Sunbelt Securities
Texas
$2.42K – – –
SCM
36
Saba Capital Management
New York
– -$2.32M -149,070 Closed
WAM
37
Wolverine Asset Management
Illinois
– -$1.2M -76,929 Closed
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
– -$231K -14,841 Closed
LCM
39
Landscape Capital Management
New Jersey
– -$173K -11,106 Closed
OP
40
ORG Partners
Indiana
– -$36.9K -2,405 Closed
NB
41
NBT Bank
New York
– -$8.78K -568 Closed
1
2

FLC Hedge Fund Activity: Q3 2024 in Review

35 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q3 2024, worth a combined $29.6M — up 13% from $26.3M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FLC and 4 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 15 added.

The largest buyer was Sit Investment Associates, adding an estimated $1.56M. The largest seller was Saba Capital Management, exiting entirely with an estimated $2.32M sold.

  • 35 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q3 2024, down from 37 in Q2 2024.
  • Funds reported $29.6M of Flaherty & Crumrine Total Return Fund stock for Q3 2024, up 13% quarter-over-quarter.
  • 4 funds opened new Flaherty & Crumrine Total Return Fund positions in Q3 2024 and 6 closed out, a net change of -2 holders.
  • The largest Flaherty & Crumrine Total Return Fund buyer in Q3 2024 was Sit Investment Associates, an estimated $1.56M added.
  • The largest Flaherty & Crumrine Total Return Fund seller in Q3 2024 was Saba Capital Management, an estimated $2.32M sold.

Based on aggregated 13F filings for Q3 2024.