FLAHERTY & CRUMRINE PFD SECS XFFCX
COM · Closed-End Fund · CUSIP 338478100
96
institutional holders
-5 vs Q1 2023
7.0m
shares reported held*
$96.0mreported value*
7 new
36 added
22 reduced
13 sold out
net bought ≈ $7.9m (+572.8k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $13.74.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 98 |
| Q4 2022 | 100 |
| Q1 2023 | 101 |
| Q2 2023 | 96 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 49 | 47 |
| Q1 2023 | 47 | 40 |
| Q2 2023 | 43 | 35 |
Biggest buyers
| MANGROVE PARTNERS IM, LLC | New | +509.0k |
| Connectus Wealth, LLC | New | +119.2k |
| Invesco Ltd. | Added | +42.1k |
| UBS Group AG | Added | +41.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +40.8k |
| COHEN & STEERS, INC. | Added | +31.9k |
| LPL Financial LLC | Added | +28.0k |
| Consolidated Portfolio Review Corp | Added | +27.6k |
| MILLENNIUM MANAGEMENT LLC | New | +24.1k |
| Hennion & Walsh Asset Management, Inc. | New | +20.7k |
Biggest sellers
| Golden Green, Inc. | Sold out | -178.5k |
| Cerity Partners LLC | Reduced | -53.1k |
| Elevated Capital Advisors, LLC | Reduced | -39.5k |
| AMERIPRISE FINANCIAL INC | Reduced | -34.6k |
| TRUIST FINANCIAL CORP | Reduced | -20.8k |
| COMMONWEALTH EQUITY SERVICES, LLC | Reduced | -19.5k |
| Virtu Financial LLC | Sold out | -15.6k |
| ROYAL BANK OF CANADA | Reduced | -14.4k |
| JANE STREET GROUP, LLC | Sold out | -14.4k |
| CENTAURUS FINANCIAL, INC. | Sold out | -13.2k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FIRST TRUST PORTFOLIOS LP 13G · institution new · filed 2025-07-21 | 5.7% |
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 671.9k $9.2m | Reduced -5.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 551.6k $7.6m | Added +19.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 515.1k $7.1m | Reduced -14.4k |
| MANGROVE PARTNERS IM, LLC 0.50% of their portfolio | 509.0k $7.0m | New |
| Invesco Ltd. 0.00% of their portfolio | 479.2k $6.6m | Added +42.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 318.1k $4.4m | Reduced -19.5k |
| COHEN & STEERS, INC. 0.01% of their portfolio | 298.2k $4.1m | Added +31.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 257.8k $3.5m | Reduced -34.6k |
| LPL Financial LLC 0.00% of their portfolio | 229.2k $3.1m | Added +28.0k |
| Csenge Advisory Group 0.20% of their portfolio | 220.3k $3.0m | Added +19.3k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 166.9k $2.3m | Added +19.0k |
| Cerity Partners LLC 0.01% of their portfolio | 145.9k $2.0m | Reduced -53.1k |
| Family Firm, Inc. 0.51% of their portfolio | 141.0k $1.9m | Added +2.1k |
| Cetera Advisor Networks LLC 0.01% of their portfolio | 128.8k $1.8m | Added +14.7k |
| Consolidated Portfolio Review Corp 0.42% of their portfolio | 128.4k $1.8m | Added +27.6k |
| Elevated Capital Advisors, LLC 0.58% of their portfolio | 127.1k $1.7m | Reduced -39.5k |
| UBS Group AG 0.00% of their portfolio | 121.4k $1.7m | Added +41.9k |
| Connectus Wealth, LLC 0.04% of their portfolio | 119.2k $1.6m | New |
| Future Financial Wealth Managment LLC 1.69% of their portfolio | 117.1k $1.6m | Added +15.3k |
| Sowell Financial Services LLC 0.09% of their portfolio | 116.8k $1.6m | Added +150 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 112.8k $1.6m | Reduced -10.1k |
| Penserra Capital Management LLC 0.03% of their portfolio | 111.0k $1.5m | Added +6.9k |
| Western Wealth Management, LLC 0.12% of their portfolio | 103.2k $1.4m | Added +2.3k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 92.4k $1.3m | Reduced -20.8k |
| Federation des caisses Desjardins du Quebec 0.01% of their portfolio | 73.1k $1.0m | Added +7.5k |
| CHELSEA COUNSEL CO 0.45% of their portfolio | 67.2k $923.3k | Unchanged |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 65.0k $893.0k | Added +4.3k |
| Mountain Capital Investment Advisors Inc. 0.33% of their portfolio | 64.8k $885.7k | Added +4.6k |
| BARD ASSOCIATES INC 0.30% of their portfolio | 56.8k $780.1k | Added +100 |
| Compound Planning, Inc. 0.29% of their portfolio | 47.0k $646.2k | Reduced -2.4k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 43.6k $599.0k | Added +7.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 40.8k $560.0k | New |
| WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio | 37.3k $511.8k | Added +3.9k |
| HighTower Advisors, LLC 0.00% of their portfolio | 35.7k $490.0k | Added +2.0k |
| WEDBUSH SECURITIES INC 0.02% of their portfolio | 35.3k $485.0k | Added +7.3k |
| Atria Wealth Solutions, Inc. 0.01% of their portfolio | 29.1k $400.1k | Reduced -7.5k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 27.7k $380.6k | Added +27 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 24.1k $330.5k | New |
| TITLEIST ASSET MANAGEMENT, LLC 0.07% of their portfolio | 23.5k $322.4k | Reduced -5.1k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 23.0k $316.0k | Unchanged |
| Sage Capital Advisors,llc 0.11% of their portfolio | 22.2k $305.6k | Added +222 |
| TIEMANN INVESTMENT ADVISORS, LLC 0.15% of their portfolio | 22.0k $302.3k | Reduced -337 |
| Baird Financial Group, Inc. 0.00% of their portfolio | 21.2k $290.8k | Reduced -164 |
| Hennion & Walsh Asset Management, Inc. 0.02% of their portfolio | 20.7k $284.0k | New |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 20.5k $276.3k | New |
| Spire Wealth Management 0.01% of their portfolio | 20.2k $277.1k | Added +342 |
| Alpha Cubed Investments, LLC 0.02% of their portfolio | 18.1k $248.4k | Unchanged |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 17.7k $242.6k | Added +3.6k |
| Private Advisor Group, LLC 0.00% of their portfolio | 17.1k $234.7k | Added +21 |
| Claybrook Capital, LLC 0.12% of their portfolio | 16.9k $232.1k | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 16.7k $229.0k | Reduced -7.3k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 16.0k $219.7k | First filing |
| Advisory Services Network, LLC 0.01% of their portfolio | 15.9k $218.2k | Added +750 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 15.5k $213.5k | Added +3.5k |
| DAVENPORT & Co LLC 0.00% of their portfolio | 14.9k $205.1k | Reduced -1.0k |
| Wealthcare Advisory Partners LLC 0.01% of their portfolio | 14.9k $204.4k | New |
| DF DENT & CO INC 0.00% of their portfolio | 14.1k $193.7k | Reduced -850 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 14.0k $192.6k | Added +745 |
| US BANCORP \DE\ 0.00% of their portfolio | 13.9k $191.1k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 13.2k $181.4k | Unchanged |
| CEERA INVESTMENTS, LLC 0.10% of their portfolio | 13.1k $179.7k | Unchanged |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio | 12.7k $174.5k | Added +765 |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 12.4k $171.0k | Reduced -1.3k |
| Jacobi Capital Management LLC 0.02% of their portfolio | 12.1k $166.2k | Added +1.3k |
| Creative Planning 0.00% of their portfolio | 11.7k $161.3k | Reduced -4.9k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 11.4k $157.0k | Added +789 |
| SFI Advisors, LLC 0.14% of their portfolio | 11.1k $152.2k | Unchanged |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 10.8k $148.4k | Unchanged |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.01% of their portfolio | 10.8k $148.0k | Unchanged |
| LexAurum Advisors, LLC 0.04% of their portfolio | 10.0k $137.4k | Unchanged |
| PRIVATE TRUST CO NA 0.01% of their portfolio | 8.0k $109.2k | Unchanged |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 5.4k $74.7k | Unchanged |
| Parallel Advisors, LLC 0.00% of their portfolio | 5.2k $70.9k | Unchanged |
| GPS Wealth Strategies Group, LLC 0.01% of their portfolio | 5.0k $68.7k | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 4.4k $60.8k | Added +2 |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 4.0k $54.4k | Unchanged |
| HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio | 2.6k $35.7k | Unchanged |
| ICA Group Wealth Management, LLC 0.01% of their portfolio | 2.6k $35.5k | Unchanged |
| North Star Investment Management Corp. 0.00% of their portfolio | 2.1k $28.8k | Unchanged |
| CGC Financial Services, LLC 0.02% of their portfolio | 1.7k $23.8k | First filing |
| Bank of New Hampshire 0.00% of their portfolio | 1.2k $17.2k | Unchanged |
| SOA Wealth Advisors, LLC. 0.00% of their portfolio | 1.2k $15.8k | Added +22 |
| Princeton Global Asset Management LLC 0.00% of their portfolio | 850 $11.7k | Unchanged |
| AlphaMark Advisors, LLC 0.01% of their portfolio | 795 $11.0k | Unchanged |
| BENJAMIN F. EDWARDS & COMPANY, INC. 0.00% of their portfolio | 710 $10.0k | Unchanged |
| TFC Financial Management, Inc. 0.00% of their portfolio | 441 $6.1k | Added +9 |
| Raleigh Capital Management Inc. 0.00% of their portfolio | 400 $5.5k | Reduced -260 |
| Sanctuary Wealth Management, L.L.C. 0.01% of their portfolio | 359 $4.9k | First filing |
| Sunbelt Securities, Inc. 0.00% of their portfolio | 350 $4.8k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 348 $4.8k | Reduced -1.6k |
| Koesten, Hirschmann & Crabtree, INC. 0.00% of their portfolio | 186 $2.6k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 158 $2.2k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 150 $2.0k | Reduced -1.0k |
| CITY HOLDING CO 0.00% of their portfolio | 100 $1.4k | Unchanged |
| Sound Income Strategies, LLC 0.00% of their portfolio | 17 $238 | Reduced -525 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |