Flaherty & Crumrine Total Return Fund
FLC
36 hedge funds and large institutions have $33.1M invested in Flaherty & Crumrine Total Return Fund in 2018 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 6 closing their positions.
2.57% more ownership
Funds ownership: 16.72% → 19.29% (+2.6%)
5% less funds holding
Funds holding: 38 → 36 (-2)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
78% less capital inflows, than outflows
Capital inflows: $7.73M | Capital outflows: $34.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.89M |
| 2 |
NWAM LLC
Mercer Island,
Washington
|
+$1.09M |
| 3 |
Koshinski Asset Management
Decatur,
Illinois
|
+$230K |
| 4 |
BB&T Securities
Richmond,
Virginia
|
+$202K |
| 5 |
Wolverine Asset Management
Chicago,
Illinois
|
+$193K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$31.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.2M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$498K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$493K |
| 5 |
Rikoon Group
Santa Fe,
New Mexico
|
-$343K |
FLC Hedge Fund Activity: Q4 2018 in Review
36 of the 4,506 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q4 2018, worth a combined $33.1M — down 47% from $62.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of FLC and 4 opened new positions — a net loss of 2 holders — while 13 trimmed existing stakes and 9 added.
The largest buyer was Sit Investment Associates, adding an estimated $4.89M. The largest seller was Ameriprise, exiting entirely with an estimated $31.3M sold.
- 36 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q4 2018, down from 38 in Q3 2018.
- Funds reported $33.1M of Flaherty & Crumrine Total Return Fund stock for Q4 2018, down 47% quarter-over-quarter.
- 4 funds opened new Flaherty & Crumrine Total Return Fund positions in Q4 2018 and 6 closed out, a net change of -2 holders.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q4 2018 was Sit Investment Associates, an estimated $4.89M added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q4 2018 was Ameriprise, an estimated $31.3M sold.
Based on aggregated 13F filings for Q4 2018.