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FLC

Flaherty & Crumrine Total Return Fund
FLC

50 hedge funds and large institutions have $58.4M invested in Flaherty & Crumrine Total Return Fund in 2026 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 13 increasing their positions, 17 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 3

14% more funds holding

Funds holding: 44 → 50 (+6)

1.36% more ownership

Funds ownership: 32.28% → 33.64% (+1.4%)

1% less capital invested

Capital invested by funds: $59.1M → $58.4M (-$675K)

24% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 17

Holders
50
Holders Change
+6
Holders Change %
+13.64%
% of All Funds
0.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
13
Reduced
17
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$2.45M
2
IAA
Independent Advisor Alliance
North Carolina
+$773K
3
HWAM
Hennion & Walsh Asset Management
New Jersey
+$706K
4
GC
Guggenheim Capital
Illinois
+$424K
5
Wells Fargo
Wells Fargo
California
+$380K

Top Sellers

1
Pathstone Holdings
Pathstone Holdings
New Jersey
-$1.27M
2
AA
AQR Arbitrage
Connecticut
-$532K
3
SA
Strategic Advocates
Utah
-$479K
4
SMA
Seven Mile Advisory
New Jersey
-$230K
5
Bank of America
Bank of America
North Carolina
-$87.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$19.6M +$2.45M +140,090 +13%
Bank of America
2
Bank of America
North Carolina
$4.56M -$87.5K -5,011 -2%
AAM
3
Advisors Asset Management
Colorado
$3.94M -$19.4K -1,111 -0.5%
NWMP
4
Noble Wealth Management PBC
Colorado
$3.61M +$119K +6,786 +3%
SFS
5
Sowell Financial Services
Arkansas
$3.45M +$87 +5 +0%
HWAM
6
Hennion & Walsh Asset Management
New Jersey
$3.31M +$706K +40,421 +25%
LPL Financial
7
LPL Financial
California
$2.6M +$201K +11,486 +8%
SAM
8
Smith Asset Management
Florida
$2.09M -$26.6K -1,520 -1%
Invesco
9
Invesco
Georgia
$2.07M -$24.5K -1,404 -1%
GC
10
Guggenheim Capital
Illinois
$1.59M +$424K +24,292 +34%
Morgan Stanley
11
Morgan Stanley
New York
$1.54M -$44.5K -2,545 -3%
Pathstone Holdings
12
Pathstone Holdings
New Jersey
$1.2M -$1.27M -72,968 -50%
Fiera Capital (Canada)
13
Fiera Capital (Canada)
Quebec, Canada
$1.13M -$43.9K -2,511 -4%
CEFA
14
Closed-End Fund Advisors
Virginia
$748K – – –
Wells Fargo
15
Wells Fargo
California
$734K +$380K +21,728 +96%
IAA
16
Independent Advisor Alliance
North Carolina
$734K +$773K +44,242 New
Focus Partners Wealth
17
Focus Partners Wealth
Massachusetts
$716K -$7.67K -439 -1%
Baird Financial Group
18
Baird Financial Group
Wisconsin
$680K -$5.82K -333 -0.8%
CI
19
Ceera Investments
Texas
$559K -$33.2K -1,900 -5%
Envestnet Asset Management
20
Envestnet Asset Management
Illinois
$501K +$134K +7,680 +34%
Cetera Investment Advisers
21
Cetera Investment Advisers
Illinois
$479K +$157K +9,014 +45%
SFG
22
Seamount Financial Group
Colorado
$345K – – –
MCFP
23
Mallini Complete Financial Planning
Florida
$308K +$3.14K +180 +1%
Osaic Holdings
24
Osaic Holdings
Arizona
$285K -$38K -2,178 -11%
Raymond James Financial
25
Raymond James Financial
Florida
$278K +$367 +21 +0.1%
1
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FLC Hedge Fund Activity: Q1 2026 in Review

50 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Flaherty & Crumrine Total Return Fund (FLC) for Q1 2026, worth a combined $58.4M — down 1.1% from $59.1M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new FLC positions and 3 closed out — a net gain of 8 holders — while 13 added to existing stakes and 17 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $2.45M. The largest seller was Pathstone Holdings, cutting an estimated $1.27M.

  • 50 institutional investors held Flaherty & Crumrine Total Return Fund (FLC) as of Q1 2026, up from 44 in Q4 2025.
  • Funds reported $58.4M of Flaherty & Crumrine Total Return Fund stock for Q1 2026, down 1.1% quarter-over-quarter.
  • 11 funds opened new Flaherty & Crumrine Total Return Fund positions in Q1 2026 and 3 closed out, a net change of +8 holders.
  • The largest Flaherty & Crumrine Total Return Fund buyer in Q1 2026 was Sit Investment Associates, an estimated $2.45M added.
  • The largest Flaherty & Crumrine Total Return Fund seller in Q1 2026 was Pathstone Holdings, an estimated $1.27M sold.

Based on aggregated 13F filings for Q1 2026.