Flaherty & Crumrine Total Return Fund
FLC
47 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.
154% more capital inflows, than outflows
Capital inflows: $11.9M | Capital outflows: $4.67M
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
3.96% more ownership
Funds ownership: 25.99% → 29.95% (+4%)
8% less funds holding
Funds holding: 51 → 47 (-4)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.24M |
| 2 |
Advisors Asset Management
Monument,
Colorado
|
+$917K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$568K |
| 4 |
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$411K |
| 5 |
Seven Mile Advisory
Ewing,
New Jersey
|
+$223K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Matisse Capital
Portland,
Oregon
|
-$1.3M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$828K |
| 3 |
AQR Arbitrage
Greenwich,
Connecticut
|
-$400K |
| 4 |
Strategic Advocates
Logan,
Utah
|
-$394K |
| 5 |
Kovack Advisors
Ft. Lauderdale,
Florida
|
-$360K |
FLC Hedge Fund Activity: Q3 2025 in Review
47 of the 7,657 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.
- 47 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q3 2025, down from 51 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.