FLAHERTY & CRUMRINE TOTAL RE FLC
COM · Closed-End Fund · CUSIP 338479108
* 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 ≈ $16.90.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 28 |
| Q4 2022 | 33 |
| Q1 2023 | 33 |
| Q2 2023 | 32 |
| Q3 2023 | 34 |
| Q4 2023 | 37 |
| Q1 2024 | 42 |
| Q2 2024 | 38 |
| Q3 2024 | 36 |
| Q4 2024 | 44 |
| Q1 2025 | 47 |
| Q2 2025 | 50 |
| Q3 2025 | 45 |
| Q4 2025 | 44 |
| Q1 2026 | 51 |
| Q2 2026 | 51 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 20 | 13 |
| Q4 2024 | 18 | 16 |
| Q1 2025 | 18 | 22 |
| Q2 2025 | 26 | 18 |
| Q3 2025 | 22 | 21 |
| Q4 2025 | 22 | 18 |
| Q1 2026 | 24 | 20 |
| Q2 2026 | 28 | 16 |
Biggest buyers
| SIT INVESTMENT ASSOCIATES INC | Added | +91.4k |
| Hennion & Walsh Asset Management, Inc. | Added | +42.3k |
| CEERA INVESTMENTS, LLC | Added | +36.3k |
| Farther Finance Advisors, LLC | Added | +25.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +17.6k |
| READYSTATE ASSET MANAGEMENT LP | New | +15.4k |
| Logan Stone Capital, LLC | New | +14.2k |
| Traub Capital Management LLC | New | +12.9k |
| Capital Investment Advisors, LLC | New | +11.2k |
| Noble Wealth Management PBC | Added | +8.3k |
Biggest sellers
| Pathstone Holdings, LLC | Sold out | -72.1k |
| Independent Advisor Alliance | Sold out | -44.2k |
| ENVESTNET ASSET MANAGEMENT INC | Sold out | -30.2k |
| Cetera Investment Advisers | Sold out | -28.8k |
| BANK OF AMERICA CORP /DE/ | Reduced | -13.2k |
| Kovack Advisors, Inc. | Sold out | -12.9k |
| Advisors Asset Management, Inc. | Reduced | -6.4k |
| Sowell Financial Services LLC | Reduced | -3.1k |
| Smith Asset Management Co., LLC | Reduced | -2.1k |
| WELLS FARGO & COMPANY/MN | Reduced | -1.9k |
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 |
|---|---|
| SIT INVESTMENT ASSOCIATES INC 13G · institution +5.0 pts · filed 2026-02-04 | 10.4% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 0.41% of their portfolio | 1.3m $21.5m | Added +91.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 261.2k $4.4m | Reduced -13.2k |
| Hennion & Walsh Asset Management, Inc. 0.12% of their portfolio | 241.5k $4.1m | Added +42.3k |
| Advisors Asset Management, Inc. 0.06% of their portfolio | 230.9k $3.9m | Reduced -6.4k |
| Noble Wealth Management PBC 1.74% of their portfolio | 225.7k $3.8m | Added +8.3k |
| Sowell Financial Services LLC 0.11% of their portfolio | 204.6k $3.5m | Reduced -3.1k |
| LPL Financial LLC 0.00% of their portfolio | 157.6k $2.7m | Added +1.1k |
| Invesco Ltd. 0.00% of their portfolio | 129.9k $2.2m | Added +5.1k |
| Smith Asset Management Co., LLC 1.65% of their portfolio | 124.0k $2.1m | Reduced -2.1k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 100.7k $1.7m | Added +4.7k |
| MORGAN STANLEY 0.00% of their portfolio | 97.2k $1.6m | Added +4.2k |
| CEERA INVESTMENTS, LLC 0.50% of their portfolio | 69.9k $1.2m | Added +36.3k |
| Fiera Capital Corp 0.00% of their portfolio | 69.8k $1.2m | Added +1.9k |
| Closed-End Fund Advisors, Inc. 0.77% of their portfolio | 46.5k $786.3k | Added +1.5k |
| Focus Partners Wealth 0.00% of their portfolio | 43.3k $732.3k | Added +229 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 42.4k $715.9k | Reduced -1.9k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 40.4k $682.4k | Reduced -597 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 25.4k $428.5k | Added +25.0k |
| SEAMOUNT FINANCIAL GROUP INC 0.14% of their portfolio | 20.8k $351.4k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 19.5k $329.0k | Added +2.3k |
| Mallini Complete Financial Planning LLC 0.23% of their portfolio | 18.8k $316.9k | Added +181 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 17.6k $297.1k | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 16.8k $283.6k | Added +15 |
| READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio | 15.4k $260.6k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 14.7k $247.6k | Unchanged |
| Logan Stone Capital, LLC 0.05% of their portfolio | 14.2k $240.3k | New |
| Traub Capital Management LLC 0.19% of their portfolio | 12.9k $217.8k | New |
| Koshinski Asset Management, Inc. 0.01% of their portfolio | 12.6k $212.3k | Unchanged |
| WEDBUSH SECURITIES INC 0.01% of their portfolio | 12.5k $212.0k | Unchanged |
| Capital Investment Advisors, LLC 0.00% of their portfolio | 11.2k $189.2k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 7.7k $130.0k | Added +152 |
| UBS Group AG 0.00% of their portfolio | 6.6k $112.1k | Reduced -14 |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 5.1k $85.8k | Added +4.2k |
| Global Retirement Partners, LLC 0.00% of their portfolio | 3.4k $57.1k | First filing |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 2.9k $48.5k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 1.7k $28.9k | Added +1 |
| IFG Advisory, LLC 0.00% of their portfolio | 1.7k $28.4k | Added +650 |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 1.0k $17.2k | Reduced -250 |
| SRH ADVISORS, LLC 0.00% of their portfolio | 1.0k $16.9k | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 732 $12.4k | Unchanged |
| GHP Investment Advisors, Inc. 0.00% of their portfolio | 561 $9.5k | Unchanged |
| Nalls Sherbakoff Group, LLC 0.01% of their portfolio | 495 $8.4k | Unchanged |
| Luminist Capital LLC 0.01% of their portfolio | 414 $7.0k | New |
| Chung Wu Investment Group, LLC 0.00% of their portfolio | 400 $6.8k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 345 $5.8k | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 309 $5.2k | Unchanged |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 272 $4.6k | New |
| Arax Advisory Partners 0.00% of their portfolio | 176 $3.0k | New |
| HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio | 170 $2.9k | Unchanged |
| FIRST HORIZON CORP 0.00% of their portfolio | 100 $1.7k | New |
| Strategic Advocates LLC 0.01% of their portfolio | 98 $1.7k | Unchanged |