Flaherty & Crumrine Total Return Fund
FLC
44 hedge funds and large institutions have $59.1M invested in Flaherty & Crumrine Total Return Fund in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
6% more capital invested
Capital invested by funds: $55.8M → $59.1M (+$3.29M)
2.34% more ownership
Funds ownership: 29.94% → 32.28% (+2.3%)
2% less funds holding
Funds holding: 45 → 44 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.17M |
| 2 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.01M |
| 3 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$763K |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$658K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$525K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$806K |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$389K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$358K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$181K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$121K |
FLC Hedge Fund Activity: Q4 2025 in Review
44 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q4 2025, worth a combined $59.1M — up 5.9% from $55.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FLC and 5 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 18 added.
The largest buyer was Sit Investment Associates, adding an estimated $1.17M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $806K sold.
- 44 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q4 2025, down from 45 in Q3 2025.
- Funds reported $59.1M of Flaherty & Crumrine Total Return Fund stock for Q4 2025, up 5.9% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Total Return Fund positions in Q4 2025 and 6 closed out, a net change of -1 holder.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q4 2025 was Sit Investment Associates, an estimated $1.17M added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q4 2025 was Kovitz Investment Group Partners, an estimated $806K sold.
Based on aggregated 13F filings for Q4 2025.