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FLC

Flaherty & Crumrine Total Return Fund

44 hedge funds and large institutions have $59.1M invested in Flaherty & Crumrine Total Return Fund in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 12

6% more capital invested

Capital invested by funds: $55.8M → $59.1M (+$3.29M)

2.34% more ownership

Funds ownership: 29.94%32.28% (+2.3%)

2% less funds holding

Funds holding: 4544 (-1)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
44
Holders Change
-1
Holders Change %
-2.22%
% of All Funds
0.54%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
5
Increased
18
Reduced
12
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$18.2M +$1.17M +66,761 +7%
Bank of America
2
Bank of America
North Carolina
$4.89M +$88.6K +5,058 +2%
AAM
3
Advisors Asset Management
Colorado
$4.17M +$35.1K +2,002 +0.8%
NWMP
4
Noble Wealth Management PBC
Colorado
$3.69M -$32.8K -1,873 -0.9%
SFS
5
Sowell Financial Services
Arkansas
$3.64M -$33.2K -1,892 -0.9%
HWAM
6
Hennion & Walsh Asset Management
New Jersey
$2.78M +$1.01M +57,626 +57%
Pathstone Holdings
7
Pathstone Holdings
New Jersey
$2.54M +$447K +25,499 +21%
LPL Financial
8
LPL Financial
California
$2.54M +$269K +15,375 +12%
SAM
9
Smith Asset Management
Florida
$2.23M -$52K -2,967 -2%
Invesco
10
Invesco
Georgia
$2.21M -$358K -20,426 -14%
Morgan Stanley
11
Morgan Stanley
New York
$1.67M +$107K +6,084 +7%
GC
12
Guggenheim Capital
Illinois
$1.25M +$525K +29,927 +72%
Fiera Capital (Canada)
13
Fiera Capital (Canada)
Quebec, Canada
$1.23M +$658K +37,558 +114%
CEFA
14
Closed-End Fund Advisors
Virginia
$789K +$790K +45,067 New
Focus Partners Wealth
15
Focus Partners Wealth
Massachusetts
$762K +$763K +43,544 New
Baird Financial Group
16
Baird Financial Group
Wisconsin
$723K -$5.5K -314 -0.8%
CI
17
Ceera Investments
Texas
$622K +$102K +5,840 +20%
AA
18
AQR Arbitrage
Connecticut
$532K -$389K -22,174 -42%
SA
19
Strategic Advocates
Utah
$481K -$76K -4,339 -14%
Wells Fargo
20
Wells Fargo
California
$394K +$34.5K +1,967 +10%
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$394K +$49.7K +2,837 +14%
SFG
22
Seamount Financial Group
Colorado
$364K
Cetera Investment Advisers
23
Cetera Investment Advisers
Illinois
$347K +$78K +4,451 +29%
Osaic Holdings
24
Osaic Holdings
Arizona
$338K +$22K +1,258 +7%
MCFP
25
Mallini Complete Financial Planning
Florida
$322K +$2.73K +156 +0.9%

FLC Hedge Fund Activity: Q4 2025 in Review

44 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q4 2025, worth a combined $59.1M — up 5.9% from $55.8M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FLC and 5 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 18 added.

The largest buyer was Sit Investment Associates, adding an estimated $1.17M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $806K sold.

  • 44 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q4 2025, down from 45 in Q3 2025.
  • Funds reported $59.1M of Flaherty & Crumrine Total Return Fund stock for Q4 2025, up 5.9% quarter-over-quarter.
  • 5 funds opened new Flaherty & Crumrine Total Return Fund positions in Q4 2025 and 6 closed out, a net change of -1 holder.
  • The largest Flaherty & Crumrine Total Return Fund buyer in Q4 2025 was Sit Investment Associates, an estimated $1.17M added.
  • The largest Flaherty & Crumrine Total Return Fund seller in Q4 2025 was Kovitz Investment Group Partners, an estimated $806K sold.

Based on aggregated 13F filings for Q4 2025.