Vault-13

FLAHERTY & CRUMRINE DYNAMIC DFP

SHS · Closed-End Fund · CUSIP 33848W106

77 institutional holders +3 vs Q1 2025
5,089,4875.1m shares reported held*
$104.6mreported value*
9 new 33 added 22 reduced 6 sold out net bought ≈ $4.9m (+328.5k 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 ≈ $20.54.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 58Q4 22: 70Q1 23: 65Q2 23: 63Q3 23: 65Q4 23: 71Q1 24: 69Q2 24: 71Q3 24: 68Q4 24: 76Q1 25: 74Q2 25: 7777Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202258
Q4 202270
Q1 202365
Q2 202363
Q3 202365
Q4 202371
Q1 202469
Q2 202471
Q3 202468
Q4 202476
Q1 202574
Q2 202577

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 31 bought or addedQ3 23: 23 cut or sold outQ4 23: 34 bought or addedQ4 23: 25 cut or sold outQ4 23Q1 24: 33 bought or addedQ1 24: 28 cut or sold outQ2 24: 31 bought or addedQ2 24: 20 cut or sold outQ2 24Q3 24: 29 bought or addedQ3 24: 30 cut or sold outQ4 24: 40 bought or addedQ4 24: 25 cut or sold outQ4 24Q1 25: 35 bought or addedQ1 25: 29 cut or sold outQ2 25: 42 bought or addedQ2 25: 28 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233123
Q4 20233425
Q1 20243328
Q2 20243120
Q3 20242930
Q4 20244025
Q1 20253529
Q2 20254228

Biggest buyers

RAYMOND JAMES FINANCIAL INC Added +92,266+92.3k
Whipplewood Advisors, LLC Added +90,735+90.7k
Shaker Financial Services, LLC Added +56,988+57.0k
Hennion & Walsh Asset Management, Inc. Added +39,334+39.3k
GUGGENHEIM CAPITAL LLC Added +33,652+33.7k
ROYAL BANK OF CANADA Added +31,158+31.2k
&PARTNERS New +30,279+30.3k
WOLVERINE ASSET MANAGEMENT LLC Added +23,939+23.9k
SIT INVESTMENT ASSOCIATES INC Added +16,252+16.3k
Catalina Capital Group, LLC New +13,946+13.9k

Biggest sellers

MANGROVE PARTNERS IM, LLC Sold out -44,089-44.1k
WELLS FARGO & COMPANY/MN Reduced -40,396-40.4k
AMERIPRISE FINANCIAL INC Reduced -22,526-22.5k
NorthCoast Asset Management LLC Reduced -20,019-20.0k
ROBINSON CAPITAL MANAGEMENT, LLC Sold out -17,475-17.5k
LPL Financial LLC Reduced -14,595-14.6k
Atria Wealth Solutions, Inc. Sold out -10,711-10.7k
Pathstone Holdings, LLC Reduced -6,555-6.6k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -4,500-4.5k
CENTAURUS FINANCIAL, INC. Reduced -3,419-3.4k

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
RAYMOND JAMES & ASSOCIATES 13G · institution new · filed 2025-10-22 5.6% new 1.1m≈ $23.6m 2025-10-22

Insider purchases and sales in Q2 2025

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 in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,083,0131.1m $22.2m $22.2m 0.01% Added +92.3k +92,266
2 COHEN & STEERS, INC. 0.02% of their portfolio NEW YORK, NY 461,489461.5k $9.5m $9.5m 0.02% Added +5.0k +5,000
3 GUGGENHEIM CAPITAL LLC 0.06% of their portfolio CHICAGO, IL 345,568345.6k $7.1m $7.1m 0.06% Added +33.7k +33,652
4 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 310,380310.4k $6.4m $6.4m 0.00% Added +9.4k +9,360
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 267,453267.5k $5.5m $5.5m 0.00% Reduced -14.6k -14,595
6 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 219,996220.0k $4.5m $4.5m 0.02% Reduced -6.6k -6,555
7 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 188,111188.1k $3.9m $3.9m 0.00% Reduced -40.4k -40,396
8 NorthCoast Asset Management LLC 0.01% of their portfolio STAMFORD, CT 161,099161.1k $3.3m $3.3m 0.01% Reduced -20.0k -20,019
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 159,907159.9k $3.3m $3.3m 0.00% Added +3.1k +3,114
10 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 154,856154.9k $3.2m $3.2m 0.00% Reduced -22.5k -22,526
11 Shaker Financial Services, LLC 0.97% of their portfolio Arlington, VA 130,860130.9k $2.7m $2.7m 0.97% Added +57.0k +56,988
12 Smith Asset Management Co., LLC 1.77% of their portfolio Chiefland, FL 100,089100.1k $2.1m $2.1m 1.77% Added +2.0k +1,993
13 Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio Parsippany, NJ 98,72398.7k $2.0m $2.0m 0.08% Added +39.3k +39,334
14 Whipplewood Advisors, LLC 1.06% of their portfolio LITTLETON, CO 93,98594.0k $1.9m $1.9m 1.06% Added +90.7k +90,735
15 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 89,51789.5k $1.8m $1.8m 0.01% Added +3.3k +3,272
16 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 68,78068.8k $1.4m $1.4m 0.00% Added +1.1k +1,086
17 Revisor Wealth Management LLC 0.50% of their portfolio AKRON, OH 66,12966.1k $1.4m $1.4m 0.50% Reduced -557 -557
18 1776 Wealth LLC 0.51% of their portfolio ATLANTA, GA 60,19960.2k $1.2m $1.2m 0.51% Reduced -948 -948
19 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 58,03258.0k $1.2m $1.2m 0.00% Reduced -28 -28
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 57,61857.6k $1.2m $1.2m 0.00% Added +31.2k +31,158
21 SIT INVESTMENT ASSOCIATES INC 0.02% of their portfolio Minneapolis, MN 54,39354.4k $1.1m $1.1m 0.02% Added +16.3k +16,252
22 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 49,98650.0k $1.0m $1.0m 0.00% Added +5.8k +5,805
23 SEAMOUNT FINANCIAL GROUP INC 0.50% of their portfolio COLORADO SPRINGS, CO 47,70347.7k $979.3k $979.3k 0.50% Reduced -3.4k -3,360
24 Samalin Investment Counsel, LLC 0.36% of their portfolio CHAPPAQUA, NY 45,07145.1k $925.3k $925.3k 0.36% Added +1.6k +1,592
25 Strategic Advocates LLC 0.27% of their portfolio SACRAMENTO, CA 43,96044.0k $902.5k $902.5k 0.27% Added +3.4k +3,394
26 AlphaCore Capital LLC 0.03% of their portfolio LA JOLLA, CA 39,48339.5k $810.6k $810.6k 0.03% Added +4.8k +4,832
27 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 36,71236.7k $753.7k $753.7k 0.00% Reduced -526 -526
28 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 36,35036.4k $746.3k $746.3k 0.01% Added +1.9k +1,872
29 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 35,82035.8k $735.4k $735.4k 0.00% Added +1.0k +1,048
30 Capital Analysts, LLC 0.02% of their portfolio FORT WASHINGTON, PA 32,21332.2k $661.0k $661.0k 0.02% Reduced -1.4k -1,375
31 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 30,27930.3k $621.6k $621.6k 0.00% New
32 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 29,09729.1k $597.4k $597.4k 0.01% Added +23.9k +23,939
33 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 27,06227.1k $555.6k $555.6k 0.01% Added +544 +544
34 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 24,95125.0k $512.2k $512.2k 0.01% Reduced -700 -700
35 READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio CHICAGO, IL 23,78423.8k $488.3k $488.3k 0.02% Added +5.9k +5,858
36 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 23,37723.4k $479.9k $479.9k 0.01% Added +1.3k +1,259
37 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 23,23323.2k $477.0k $477.0k 0.00% Reduced -723 -723
38 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 22,42822.4k $460.4k $460.4k 0.00% Added +1.8k +1,847
39 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 22,15122.2k $454.8k $454.8k 0.00% Added +1.4k +1,398
40 Palogic Value Management, L.P. 0.18% of their portfolio DALLAS, TX 20,50020.5k $420.9k $420.9k 0.18% Unchanged
41 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 19,48919.5k $400.1k $400.1k 0.00% Added +5.6k +5,630
42 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 17,74817.7k $364.4k $364.4k 0.00% Reduced -807 -807
43 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 17,50317.5k $359.3k $359.3k 0.00% Reduced -2.6k -2,633
44 CENTAURUS FINANCIAL, INC. 0.02% of their portfolio ANAHEIM, CA 16,48316.5k $338.0k $338.0k 0.02% Reduced -3.4k -3,419
45 Mathes Company, Inc. 0.12% of their portfolio New York, NY 15,50015.5k $318.0k $318.0k 0.12% Unchanged
46 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 14,30014.3k $293.6k $293.6k 0.00% Reduced -2.2k -2,249
47 Catalina Capital Group, LLC 0.19% of their portfolio Torrance, CA 13,94613.9k $286.3k $286.3k 0.19% New
48 Virtu Financial LLC 0.01% of their portfolio New York, NY 12,16812.2k $250.0k $250.0k 0.01% New
49 WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.07% of their portfolio HIGHLAND PARK, IL 10,95010.9k $224.8k $224.8k 0.07% Unchanged
50 J.W. COLE ADVISORS, INC. 0.00% of their portfolio TAMPA, FL 10,93610.9k $224.5k $224.5k 0.00% New
51 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 10,60010.6k $218.0k $218.0k 0.01% Reduced -3.0k -3,000
52 Abel Hall, LLC 0.10% of their portfolio BATON ROUGE, LA 10,50010.5k $215.6k $215.6k 0.10% New
53 Fiduciary Alliance LLC 0.02% of their portfolio GREENVILLE, SC 10,35010.3k $212.5k $212.5k 0.02% Unchanged
54 LEVEL FOUR ADVISORY SERVICES, LLC 0.01% of their portfolio DALLAS, TX 9,7509.8k $200.2k $200.2k 0.01% New
55 UBS Group AG 0.00% of their portfolio ZURICH, V8 8,8438.8k $181.5k $181.5k 0.00% Added +721 +721
56 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.02% of their portfolio INDIANAPOLIS, IN 7,8777.9k $161.7k $161.7k 0.02% Added +89 +89
57 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,4455.4k $111.8k $111.8k 0.00% Unchanged
58 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 4,2504.2k $87.3k $87.3k 0.01% New
59 Golden State Wealth Management, LLC 0.01% of their portfolio SANTA ANA, CA 4,0644.1k $83.4k $83.4k 0.01% Added +68 +68
60 SOUTH PLAINS FINANCIAL, INC. 0.06% of their portfolio LUBBOCK, TX 4,0224.0k $82.5k $82.5k 0.06% Unchanged
61 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,8002.8k $57.5k $57.5k 0.00% Unchanged
62 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,5452.5k $52.2k $52.2k 0.00% Added +4 +4
63 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 2,4002.4k $49.3k $49.3k 0.00% Unchanged
64 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,2002.2k $45.2k $45.2k 0.00% Reduced -300 -300
65 North Star Investment Management Corp. 0.00% of their portfolio CHICAGO, IL 2,2002.2k $45.2k $45.2k 0.00% Unchanged
66 CWM, LLC 0.00% of their portfolio OMAHA, NE 2,1522.2k $44.0k $44.0k 0.00% Unchanged
67 Westside Investment Management, Inc. 0.01% of their portfolio SANTA MONICA, CA 1,6671.7k $34.2k $34.2k 0.01% Unchanged
68 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,4801.5k $30.4k $30.4k 0.00% Added +700 +700
69 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,2661.3k $26.0k $26.0k 0.00% Reduced -4.5k -4,500
70 MCF Advisors LLC 0.00% of their portfolio LEXINGTON, KY 1,1881.2k $24.4k $24.4k 0.00% Added +21 +21
71 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 881881 $18.1k $18.1k 0.00% Added +15 +15
72 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 855855 $17.6k $17.6k 0.00% Reduced -855 -855
73 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 500500 $10.3k $10.3k 0.00% New
74 FMR LLC 0.00% of their portfolio BOSTON, MA 400400 $8.2k $8.2k 0.00% Reduced -3.3k -3,338
75 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 236236 $4.8k $4.8k 0.00% Unchanged
76 Elequin Capital, LP 0.00% of their portfolio NEW YORK, NY 3636 $739 $739 0.00% New
77 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged