Vault-13

FLAHERTY & CRUMRINE PFD SECS XFFCX

COM · Closed-End Fund · CUSIP 338478100

113 institutional holders -3 vs Q3 2025
10,498,77210.5m shares reported held*
$173.6mreported value*
12 new 39 added 33 reduced 17 sold out net sold ≈ $2.4m (-480.3k 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 ≈ $16.53.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 98Q4 22: 100Q1 23: 101Q2 23: 96Q3 23: 109Q4 23: 121Q1 24: 116Q2 24: 109Q3 24: 111Q4 24: 119Q1 25: 115Q2 25: 113Q3 25: 116Q4 25: 113113Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202298
Q4 2022100
Q1 2023101
Q2 202396
Q3 2023109
Q4 2023121
Q1 2024116
Q2 2024109
Q3 2024111
Q4 2024119
Q1 2025115
Q2 2025113
Q3 2025116
Q4 2025113

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q1 24: 54 bought or addedQ1 24: 48 cut or sold outQ2 24: 54 bought or addedQ2 24: 41 cut or sold outQ2 24Q3 24: 61 bought or addedQ3 24: 40 cut or sold outQ4 24: 52 bought or addedQ4 24: 38 cut or sold outQ4 24Q1 25: 43 bought or addedQ1 25: 50 cut or sold outQ2 25: 45 bought or addedQ2 25: 53 cut or sold outQ2 25Q3 25: 50 bought or addedQ3 25: 41 cut or sold outQ4 25: 51 bought or addedQ4 25: 50 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245448
Q2 20245441
Q3 20246140
Q4 20245238
Q1 20254350
Q2 20254553
Q3 20255041
Q4 20255150

Biggest buyers

BARD ASSOCIATES INC Added +365,085+365.1k
STIFEL FINANCIAL CORP Added +118,912+118.9k
Beacon Pointe Advisors, LLC New +109,084+109.1k
Fiera Capital Corp Added +71,584+71.6k
Hennion & Walsh Asset Management, Inc. Added +30,032+30.0k
Cambridge Investment Research Advisors, Inc. Added +23,016+23.0k
NATIONAL BANK OF CANADA /FI/ New +22,700+22.7k
JANE STREET GROUP, LLC New +21,406+21.4k
M Holdings Securities, Inc. New +14,452+14.5k
WELLS FARGO & COMPANY/MN Added +10,561+10.6k

Biggest sellers

Thomas J. Herzfeld Advisors, Inc. Sold out -382,783-382.8k
Gridiron Partners, LLC Reduced -336,339-336.3k
AMERIPRISE FINANCIAL INC Reduced -90,194-90.2k
SIT INVESTMENT ASSOCIATES INC Reduced -87,196-87.2k
HighTower Advisors, LLC Reduced -36,276-36.3k
1607 Capital Partners, LLC Reduced -35,099-35.1k
Consolidated Portfolio Review Corp Sold out -34,104-34.1k
Invesco Ltd. Reduced -32,567-32.6k
Noble Wealth Management PBC Reduced -30,500-30.5k
CHOREO, LLC Sold out -29,459-29.5k

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.

HolderStakeChangeShares Last filed
FIRST TRUST PORTFOLIOS LP 13G · institution new · filed 2025-07-21 5.7% new 2.7m≈ $44.3m 2025-07-21

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BARD ASSOCIATES INC 5.17% of their portfolio CHICAGO, IL 1,219,9241.2m $20.1m $20.1m 5.17% Added +365.1k +365,085
2 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 946,149946.1k $15.6m $15.6m 0.00% Added +10.6k +10,561
3 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 707,501707.5k $11.7m $11.7m 0.00% Reduced -32.6k -32,567
4 COHEN & STEERS, INC. 0.02% of their portfolio NEW YORK, NY 572,296572.3k $9.4m $9.4m 0.02% Unchanged
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 563,696563.7k $9.3m $9.3m 0.00% Reduced -12.3k -12,301
6 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 508,745508.7k $8.4m $8.4m 0.00% Reduced -11.2k -11,232
7 SIT INVESTMENT ASSOCIATES INC 0.16% of their portfolio Minneapolis, MN 500,722500.7k $8.3m $8.3m 0.16% Reduced -87.2k -87,196
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 380,516380.5k $6.3m $6.3m 0.00% Reduced -20.6k -20,589
9 Hennion & Walsh Asset Management, Inc. 0.21% of their portfolio Parsippany, NJ 369,316369.3k $6.1m $6.1m 0.21% Added +30.0k +30,032
10 1607 Capital Partners, LLC 0.38% of their portfolio Richmond, VA 340,251340.3k $5.6m $5.6m 0.38% Reduced -35.1k -35,099
11 Csenge Advisory Group 0.24% of their portfolio CLEARWATER, FL 320,310320.3k $5.3m $5.3m 0.24% Added +2.6k +2,593
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 307,423307.4k $5.1m $5.1m 0.00% Added +6.1k +6,103
13 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 258,846258.8k $4.3m $4.3m 0.00% Added +118.9k +118,912
14 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 222,740222.7k $3.7m $3.7m 0.00% Reduced -24.4k -24,355
15 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 222,509222.5k $3.7m $3.7m 0.00% Reduced -7.5k -7,488
16 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 176,570176.6k $2.9m $2.9m 0.00% Reduced -90.2k -90,194
17 Fiera Capital Corp 0.01% of their portfolio MONTREAL, A8 170,617170.6k $2.8m $2.8m 0.01% Added +71.6k +71,584
18 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 159,152159.2k $2.6m $2.6m 0.00% Reduced -1.8k -1,824
19 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 158,185158.2k $2.6m $2.6m 0.00% Added +290 +290
20 Gridiron Partners, LLC 1.42% of their portfolio Wexford, PA 150,531150.5k $2.5m $2.5m 1.42% Reduced -336.3k -336,339
21 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 133,983134.0k $2.2m $2.2m 0.00% Added +10.2k +10,248
22 Sowell Financial Services LLC 0.07% of their portfolio NORTH LITTLE ROCK, AR 121,157121.2k $2.0m $2.0m 0.07% Reduced -3.2k -3,175
23 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 120,867120.9k $2.0m $2.0m 0.00% Added +1.4k +1,376
24 Elevated Capital Advisors, LLC 0.44% of their portfolio SANDY, UT 114,520114.5k $1.9m $1.9m 0.44% Reduced -2.0k -1,981
25 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 109,084109.1k $1.8m $1.8m 0.01% New
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 94,80694.8k $1.6m $1.6m 0.00% Added +800 +800
27 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 88,45788.5k $1.5m $1.5m 0.00% Reduced -2.9k -2,900
28 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 81,63181.6k $1.3m $1.3m 0.01% Reduced -2.2k -2,240
29 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 76,81676.8k $1.3m $1.3m 0.01% Reduced -443 -443
30 Smith Asset Management Co., LLC 1.01% of their portfolio Chiefland, FL 73,88573.9k $1.2m $1.2m 1.01% Added +908 +908
31 Mountain Capital Investment Advisors Inc. 0.17% of their portfolio WESTMINSTER, CO 63,83363.8k $1.1m $1.1m 0.17% Added +441 +441
32 Compound Planning, Inc. 0.03% of their portfolio NEW YORK, NY 63,43563.4k $1.0m $1.0m 0.03% Reduced -840 -840
33 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 59,03259.0k $974.6k $974.6k 0.00% Unchanged
34 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 55,78155.8k $921.5k $921.5k 0.00% Added +3.7k +3,700
35 Everstar Asset Management, LLC 0.44% of their portfolio MOORESVILLE, NC 50,47350.5k $812.7k $812.7k 0.44% Added +2.6k +2,573
36 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 45,48145.5k $751.0k $751.0k 0.00% Added +23.0k +23,016
37 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 40,84240.8k $674.3k $674.3k 0.00% Added +5.2k +5,250
38 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 36,89536.9k $623.2k $623.2k 0.00% Unchanged
39 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 33,70533.7k $556.5k $556.5k 0.00% Added +8.2k +8,199
40 Western Wealth Management, LLC 0.03% of their portfolio GOLDEN, CO 33,47033.5k $552.6k $552.6k 0.03% Reduced -1.5k -1,494
41 Stolper Co 0.16% of their portfolio TULSA, OK 33,25033.2k $549.0k $549.0k 0.16% Added +930 +930
42 CEERA INVESTMENTS, LLC 0.21% of their portfolio BELLAIRE, TX 32,24032.2k $532.3k $532.3k 0.21% Added +960 +960
43 SEAMOUNT FINANCIAL GROUP INC 0.23% of their portfolio COLORADO SPRINGS, CO 30,33930.3k $500.9k $500.9k 0.23% Added +8 +8
44 SMITH, MOORE & CO. 0.04% of their portfolio CLAYTON, MO 28,23928.2k $466.2k $466.2k 0.04% Added +4.0k +3,950
45 Jacobi Capital Management LLC 0.03% of their portfolio PITTSTON, PA 27,11527.1k $447.7k $447.7k 0.03% Reduced -450 -450
46 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 26,22726.2k $433.0k $433.0k 0.00% Reduced -3.9k -3,911
47 TITLEIST ASSET MANAGEMENT, LLC 0.03% of their portfolio SAN ANTONIO, TX 25,27725.3k $417.3k $417.3k 0.03% Unchanged
48 Curi Capital, LLC 0.01% of their portfolio CHICAGO, IL 25,16825.2k $415.5k $415.5k 0.01% Unchanged
49 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 25,05125.1k $414.0k $414.0k 0.01% Reduced -1.7k -1,693
50 Whitener Capital Management, Inc. 0.09% of their portfolio Rocky Mount, NC 23,78523.8k $392.7k $392.7k 0.09% Unchanged
51 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 22,70022.7k $374.8k $374.8k 0.00% New
52 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 21,40621.4k $353.4k $353.4k 0.00% New
53 Pines Wealth Management, LLC 0.11% of their portfolio SOUTHERN PINES, NC 20,47320.5k $338.0k $338.0k 0.11% Reduced -6.0k -5,991
54 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 20,27620.3k $334.8k $334.8k 0.01% Added +395 +395
55 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 20,26220.3k $334.5k $334.5k 0.00% Reduced -3.0k -3,034
56 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 19,34719.3k $319.4k $319.4k 0.00% Added +3.1k +3,092
57 Sage Capital Advisors,llc 0.07% of their portfolio SIOUX FALLS, SD 19,05319.1k $314.6k $314.6k 0.07% Added +381 +381
58 INTEGRATED CAPITAL MANAGEMENT, INC. 0.21% of their portfolio JESSUP, PA 18,72318.7k $309.1k $309.1k 0.21% Reduced -455 -455
59 SILVER OAK SECURITIES, INCORPORATED 0.02% of their portfolio JACKSON, TN 17,98518.0k $298.4k $298.4k 0.02% Added +3.9k +3,897
60 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 16,35116.4k $270.0k $270.0k 0.00% Added +1.4k +1,356
61 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 15,92815.9k $263.0k $263.0k 0.00% Added +177 +177
62 First Heartland Consultants, Inc. 0.02% of their portfolio LAKE ST. LOUIS, MO 15,75815.8k $260.2k $260.2k 0.02% Added +306 +306
63 TIEMANN INVESTMENT ADVISORS, LLC 0.10% of their portfolio MENLO PARK, CA 15,38815.4k $254.1k $254.1k 0.10% Unchanged
64 EVERGREEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio Bellevue, WA 15,35015.3k $253.4k $253.4k 0.01% Unchanged
65 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio ORLANDO, FL 14,57814.6k $240.7k $240.7k 0.02% Added +11 +11
66 M Holdings Securities, Inc. 0.02% of their portfolio PORTLAND, OR 14,45214.5k $239.0k $239.0k 0.02% New
67 Noble Wealth Management PBC 0.11% of their portfolio GREENWOOD VILLAGE, CO 13,76213.8k $227.2k $227.2k 0.11% Reduced -30.5k -30,500
68 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 13,21813.2k $218.2k $218.2k 0.00% Added +529 +529
69 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 12,70012.7k $209.7k $209.7k 0.00% Reduced -484 -484
70 DF DENT & CO INC 0.00% of their portfolio BALTIMORE, MD 12,29812.3k $203.0k $203.0k 0.00% Unchanged
71 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,12012.1k $200.1k $200.1k 0.00% Reduced -36.3k -36,276
72 CARY STREET PARTNERS FINANCIAL LLC 0.00% of their portfolio RICHMOND, VA 11,77311.8k $194.4k $194.4k 0.00% Unchanged
73 Summit Trail Advisors, LLC 0.00% of their portfolio NEW YORK, NY 10,71110.7k $176.8k $176.8k 0.00% Unchanged
74 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 10,23210.2k $168.9k $168.9k 0.00% Added +164 +164
75 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 8,4568.5k $139.6k $139.6k 0.00% Unchanged
76 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 7,9518.0k $131.3k $131.3k 0.00% New
77 COMERICA BANK 0.00% of their portfolio DALLAS, TX 7,5367.5k $124.4k $124.4k 0.00% Unchanged
78 FINANCIAL CONSULATE, INC 0.01% of their portfolio HUNT VALLEY, MD 6,1466.1k $101.5k $101.5k 0.01% Unchanged
79 MARYLAND CAPITAL ADVISORS INC. 0.03% of their portfolio CHESTER, MD 5,6005.6k $92.5k $92.5k 0.03% Unchanged
80 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.02% of their portfolio INDIANAPOLIS, IN 4,0404.0k $66.7k $66.7k 0.02% New
81 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 4,0004.0k $66.0k $66.0k 0.00% Unchanged
82 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 3,5453.5k $58.5k $58.5k 0.00% Unchanged
83 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,5003.5k $57.8k $57.8k 0.00% Unchanged
84 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 2,9252.9k $48.3k $48.3k 0.00% Reduced -2.6k -2,575
85 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 2,7832.8k $46.0k $46.0k 0.00% Added +1.1k +1,060
86 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 2,5312.5k $42.0k $42.0k 0.00% Unchanged
87 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,4652.5k $40.7k $40.7k 0.00% Reduced -753 -753
88 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 2,4322.4k $40.2k $40.2k 0.00% New
89 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 2,2002.2k $36.3k $36.3k 0.00% Reduced -200 -200
90 North Star Investment Management Corp. 0.00% of their portfolio CHICAGO, IL 2,0982.1k $34.6k $34.6k 0.00% Unchanged
91 CHILTON CAPITAL MANAGEMENT LLC 0.00% of their portfolio HOUSTON, TX 1,5501.6k $25.6k $25.6k 0.00% Unchanged
92 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,3221.3k $22.0k $22.0k 0.00% Added +9 +9
93 Keating Financial Advisory Services, Inc. 0.00% of their portfolio MANHATTAN, KS 1,3161.3k $21.7k $21.7k 0.00% First filing
94 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 1,3001.3k $21.5k $21.5k 0.00% Reduced -800 -800
95 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,1871.2k $19.6k $19.6k 0.00% Reduced -5.4k -5,418
96 Washington Trust Advisors, Inc. 0.00% of their portfolio WELLESLEY, MA 970970 $16.0k $16.0k 0.00% Unchanged
97 SOA Wealth Advisors, LLC. 0.00% of their portfolio NEW YORK, NY 967967 $16.0k $16.0k 0.00% Added +17 +17
98 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 800800 $13.2k $13.2k 0.00% Unchanged
99 Kilter Group LLC 0.01% of their portfolio RHINEBECK, NY 792792 $13.1k $13.1k 0.01% Added +14 +14
100 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 697697 $11.5k $11.5k 0.00% Added +622 +622