Flaherty & Crumrine Total Return Fund
FLC
50 hedge funds and large institutions have $58.4M invested in Flaherty & Crumrine Total Return Fund in 2026 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
14% more funds holding
Funds holding: 44 → 50 (+6)
1.36% more ownership
Funds ownership: 32.28% → 33.64% (+1.4%)
1% less capital invested
Capital invested by funds: $59.1M → $58.4M (-$675K)
24% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.45M |
| 2 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$773K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$706K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$424K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$380K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
-$1.27M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$532K |
| 3 |
SA
Strategic Advocates
Logan,
Utah
|
-$479K |
| 4 |
SMA
Seven Mile Advisory
Ewing,
New Jersey
|
-$230K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$87.5K |
FLC Hedge Fund Activity: Q1 2026 in Review
50 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q1 2026, worth a combined $58.4M — down 1.1% from $59.1M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FLC positions and 3 closed out — a net gain of 8 holders — while 13 added to existing stakes and 17 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.45M. The largest seller was Pathstone Holdings, cutting an estimated $1.27M.
- 50 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q1 2026, up from 44 in Q4 2025.
- Funds reported $58.4M of Flaherty & Crumrine Total Return Fund stock for Q1 2026, down 1.1% quarter-over-quarter.
- 11 funds opened new Flaherty & Crumrine Total Return Fund positions in Q1 2026 and 3 closed out, a net change of +8 holders.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q1 2026 was Sit Investment Associates, an estimated $2.45M added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q1 2026 was Pathstone Holdings, an estimated $1.27M sold.
Based on aggregated 13F filings for Q1 2026.