New Positions
6 managers initiated
Top five by reported value
Flaherty & Crumrine Total Return Fund Inc NEW YORK STOCK EXCHANGE, INC.:FLC
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
6 new17 added20 reduced6 exited
Total Institutional Holders
43
as of 2025-12-31
Top Holder
Noble Wealth Management PBC
$7.5M
Largest QoQ Increase
Noble Wealth Management PBC
+423,281 sh
Largest QoQ Decrease
Smith Asset Management Co., LLC
-135,790 sh
New Positions(6)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Noble Wealth Management PBC | 423,281 | +423,281 | $7.5M | +$7.5M | — |
| Closed-End Fund Advisors, Inc. | 45,067 | +45,067 | $788.7K | +$788.7K | — |
| Focus Partners Wealth | 43,544 | +43,544 | $762.0K | +$762.0K | — |
| Kovack Advisors, Inc. | 12,946 | +12,946 | $226.6K | +$226.6K | — |
| Global Retirement Partners, LLC | 3,261 | +3,261 | $57.1K | +$57.1K | — |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 309 | +309 | $5.4K | +$5.4K | — |
Added To(17)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Hennion & Walsh Asset Management, Inc. | 158,784 | +57,626 | $2.8M | +$976.1K | 57.0% |
| Fiera Capital Corp | 70,401 | +37,558 | $1.2M | +$646.8K | 114.3% |
| GUGGENHEIM CAPITAL LLC | 71,714 | +29,927 | $1.3M | +$510.4K | 71.6% |
| Pathstone Holdings, LLC | 145,065 | +25,499 | $2.5M | +$408.0K | 21.3% |
| LPL Financial LLC | 145,027 | +15,375 | $2.5M | +$227.6K | 11.8% |
| CEERA INVESTMENTS, LLC | 35,570 | +5,840 | $622.5K | +$92.7K | 19.6% |
| MORGAN STANLEY | 95,549 | +6,084 | $1.7M | +$77.8K | 6.8% |
| Cetera Investment Advisers | 19,825 | +4,451 | $346.9K | +$73.0K | 28.9% |
| ENVESTNET ASSET MANAGEMENT INC | 22,512 | +2,837 | $394.0K | +$43.4K | 14.4% |
| Advisors Asset Management, Inc. | 238,459 | +2,002 | $4.2M | -$40.6K | 0.8% |
| WELLS FARGO & COMPANY/MN | 22,518 | +1,967 | $394.1K | +$27.8K | 9.6% |
| UBS Group AG | 8,832 | +1,692 | $154.6K | +$27.3K | 23.7% |
| ADVISOR GROUP HOLDINGS, INC. | 19,320 | +1,258 | $338.1K | +$19.9K | 7.0% |
| Mallini Complete Financial Planning LLC | 18,391 | +156 | $321.9K | -$3.1K | 0.8% |
| SIT INVESTMENT ASSOCIATES INC | 1,039,130 | +66,761 | $18.2K | +$857 | 6.9% |
| BANK OF AMERICA CORP /DE/ | 279,419 | +5,058 | $4.9M | +$725 | 1.8% |
| SEVEN MILE ADVISORY | 13,163 | +248 | $230.4K | +$221 | 1.9% |
Reduced(20)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Smith Asset Management Co., LLC | 127,651 | -135,790 | $2.2M | -$2.4M | -51.5% |
| AQR Arbitrage LLC | 30,394 | -22,174 | $531.9K | -$404.9K | -42.2% |
| Invesco Ltd. | 126,171 | -20,426 | $2.2M | -$404.4K | -13.9% |
| Royal Bank of Canada | 7,685 | -17,076 | $134.0K | -$283.0K | -69.0% |
| HighTower Advisors, LLC | 12,265 | -6,892 | $214.6K | -$126.7K | -36.0% |
| Sowell Financial Services LLC | 207,717 | -1,892 | $3.6M | -$100.2K | -0.9% |
| Strategic Advocates LLC | 27,526 | -4,339 | $480.6K | -$87.2K | -13.6% |
| RAYMOND JAMES FINANCIAL INC | 16,746 | -996 | $293.1K | -$23.1K | -5.6% |
| Baird Financial Group, Inc. | 41,309 | -314 | $722.9K | -$18.8K | -0.8% |
| Rockefeller Capital Management L.P. | 2,868 | -347 | $50.2K | -$7.1K | -10.8% |
| SEAMOUNT FINANCIAL GROUP INC | 20,790 | 0 | $363.8K | -$6.7K | 0.0% |
| Koshinski Asset Management, Inc. | 12,560 | 0 | $219.8K | -$4.0K | 0.0% |
| Geneos Wealth Management Inc. | 1,015 | 0 | $17.8K | -$324 | 0.0% |
| ROCKY MOUNTAIN ADVISERS, LLC | 1,000 | 0 | $17.5K | -$320 | 0.0% |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 932 | 0 | $16.3K | -$298 | 0.0% |
| Luminist Capital LLC | 414 | 0 | $7.2K | -$139 | 0.0% |
| Chung Wu Investment Group, LLC | 400 | 0 | $7.0K | -$128 | 0.0% |
| Sunbelt Securities, Inc. | 140 | 0 | $2.5K | -$45 | 0.0% |
| WEDBUSH SECURITIES INC | 14,950 | -100 | $262 | -$6 | -0.7% |
| CWM, LLC | 2,791 | -116 | $49 | -$3 | -4.0% |
Sold Out(6)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Kovitz Investment Group Partners, LLC | 0 | -45,227 | $0 | -$806.0K | — |
| Capital Investment Advisors, LLC | 0 | -10,170 | $0 | -$181.2K | — |
| PNC Financial Services Group, Inc. | 0 | -5,300 | $0 | -$94.4K | — |
| Sound Income Strategies, LLC | 0 | -766 | $0 | -$13.7K | — |
| Ameritas Advisory Services, LLC | 0 | -486 | $0 | -$8.7K | — |
| Tortoise Investment Management, LLC | 0 | -176 | $0 | -$3.1K | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| Noble Wealth Management PBC | 423,281 | $7.5M | +423,281 | — |
| BANK OF AMERICA CORP /DE/ | 279,419 | $4.9M | +5,058 | 1.8% |
| Advisors Asset Management, Inc. | 238,459 | $4.2M | +2,002 | 0.8% |
| Sowell Financial Services LLC | 207,717 | $3.6M | -1,892 | -0.9% |
| Hennion & Walsh Asset Management, Inc. | 158,784 | $2.8M | +57,626 | 57.0% |
| Pathstone Holdings, LLC | 145,065 | $2.5M | +25,499 | 21.3% |
| LPL Financial LLC | 145,027 | $2.5M | +15,375 | 11.8% |
| Smith Asset Management Co., LLC | 127,651 | $2.2M | -135,790 | -51.5% |
| Invesco Ltd. | 126,171 | $2.2M | -20,426 | -13.9% |
| MORGAN STANLEY | 95,549 | $1.7M | +6,084 | 6.8% |
| GUGGENHEIM CAPITAL LLC | 71,714 | $1.3M | +29,927 | 71.6% |
| Fiera Capital Corp | 70,401 | $1.2M | +37,558 | 114.3% |
| Closed-End Fund Advisors, Inc. | 45,067 | $788.7K | +45,067 | — |
| Focus Partners Wealth | 43,544 | $762.0K | +43,544 | — |
| Baird Financial Group, Inc. | 41,309 | $722.9K | -314 | -0.8% |
| CEERA INVESTMENTS, LLC | 35,570 | $622.5K | +5,840 | 19.6% |
| AQR Arbitrage LLC | 30,394 | $531.9K | -22,174 | -42.2% |
| Strategic Advocates LLC | 27,526 | $480.6K | -4,339 | -13.6% |
| WELLS FARGO & COMPANY/MN | 22,518 | $394.1K | +1,967 | 9.6% |
| ENVESTNET ASSET MANAGEMENT INC | 22,512 | $394.0K | +2,837 | 14.4% |
New & Closed Positions this quarter
Closed Positions
6 managers exited
Top five by prior-quarter value
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for FLC against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.