Flaherty & Crumrine Total Return Fund
FLC
36 hedge funds and large institutions have $22.5M invested in Flaherty & Crumrine Total Return Fund in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
24% more capital invested
Capital invested by funds: $18.1M → $22.5M (+$4.42M)
13% more funds holding
Funds holding: 32 → 36 (+4)
2.17% more ownership
Funds ownership: 12.68% → 14.85% (+2.2%)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$1.99M |
| 2 |
RVPG
Relative Value Partners Group
|
+$840K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
+$570K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$496K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$241K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$749K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$333K |
| 3 |
CI
Ceera Investments
Bellaire,
Texas
|
-$193K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$167K |
| 5 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
-$166K |
FLC Hedge Fund Activity: Q4 2023 in Review
36 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q4 2023, worth a combined $22.5M — up 24% from $18.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new FLC positions and 4 closed out — a net gain of 4 holders — while 8 added to existing stakes and 11 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $1.99M. The largest seller was Morgan Stanley, cutting an estimated $749K.
- 36 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q4 2023, up from 32 in Q3 2023.
- Funds reported $22.5M of Flaherty & Crumrine Total Return Fund stock for Q4 2023, up 24% quarter-over-quarter.
- 8 funds opened new Flaherty & Crumrine Total Return Fund positions in Q4 2023 and 4 closed out, a net change of +4 holders.
- The largest Flaherty & Crumrine Total Return Fund buyer in Q4 2023 was Saba Capital Management, an estimated $1.99M added.
- The largest Flaherty & Crumrine Total Return Fund seller in Q4 2023 was Morgan Stanley, an estimated $749K sold.
Based on aggregated 13F filings for Q4 2023.