Flaherty & Crumrine Total Return Fund
FLC
21 hedge funds and large institutions have $26.4M invested in Flaherty & Crumrine Total Return Fund in 2013 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 3 closing their positions.
1.16% less ownership
Funds ownership: 15.81% → 14.65% (-1.2%)
5% less funds holding
Funds holding: 22 → 21 (-1)
13% less capital invested
Capital invested by funds: $30.4M → $26.4M (-$3.99M)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$542K |
| 2 |
Cohen & Steers
New York
|
+$204K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$46.9K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$30K |
| 5 |
MCC
Mid Continent Capital
Chicago,
Illinois
|
+$26.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IH
IFC Holdings
Tampa,
Florida
|
-$691K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$608K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$486K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$321K |
| 5 |
EWA
Exencial Wealth Advisors
Oklahoma City,
Oklahoma
|
-$278K |
FLC Hedge Fund Activity: Q3 2013 in Review
21 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q3 2013, worth a combined $26.4M — down 13% from $30.4M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FLC and 2 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 6 added.
The largest buyer was Invesco, adding an estimated $542K. The largest seller was IFC Holdings, cutting an estimated $691K.
- 21 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q3 2013, down from 22 in Q2 2013.
- Funds reported $26.4M of Flaherty & Crumrine Total Return Fund stock for Q3 2013, down 13% quarter-over-quarter.
- 2 funds opened new Flaherty & Crumrine Total Return Fund positions in Q3 2013 and 3 closed out, a net change of -1 holder.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q3 2013 was Invesco, an estimated $542K added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q3 2013 was IFC Holdings, an estimated $691K sold.
Based on aggregated 13F filings for Q3 2013.