Flaherty & Crumrine Total Return Fund
FLC
45 hedge funds and large institutions have $55.8M invested in Flaherty & Crumrine Total Return Fund in 2025 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
21% more capital invested
Capital invested by funds: $46.1M → $55.8M (+$9.71M)
3.96% more ownership
Funds ownership: 25.97% → 29.94% (+4%)
8% less funds holding
Funds holding: 49 → 45 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.24M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$917K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$568K |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$411K |
| 5 |
SMA
Seven Mile Advisory
Ewing,
New Jersey
|
+$223K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$1.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$828K |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$400K |
| 4 |
SA
Strategic Advocates
Logan,
Utah
|
-$394K |
| 5 |
KA
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$360K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$189K | -11,141 | Closed |
|
|
NA
52
NewEdge Advisors
New Orleans,
Louisiana
| – | -$174K | -10,248 | Closed |
|
|
WAM
53
Wolverine Asset Management
Chicago,
Illinois
| – | -$71.3K | -4,193 | Closed |
|
|
TCM
54
Traub Capital Management
Needham,
Massachusetts
| – | -$11.6K | -683 | Closed |
|
FLC Hedge Fund Activity: Q3 2025 in Review
45 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q3 2025, worth a combined $55.8M — up 21% from $46.1M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FLC and 5 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 18 added.
The largest buyer was Sit Investment Associates, adding an estimated $5.24M. The largest seller was Matisse Capital, exiting entirely with an estimated $1.3M sold.
- 45 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q3 2025, down from 49 in Q2 2025.
- Funds reported $55.8M of Flaherty & Crumrine Total Return Fund stock for Q3 2025, up 21% quarter-over-quarter.
- 5 funds opened new Flaherty & Crumrine Total Return Fund positions in Q3 2025 and 9 closed out, a net change of -4 holders.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q3 2025 was Sit Investment Associates, an estimated $5.24M added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q3 2025 was Matisse Capital, an estimated $1.3M sold.
Based on aggregated 13F filings for Q3 2025.