FLAHERTY & CRUMRINE PFD SECS

CUSIP: 338478100 Class: COM

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
BARD ASSOCIATES INC1,219,924$20,141
WELLS FARGO & COMPANY/MN946,149$15,621
Invesco Ltd.707,501$11,681
COHEN & STEERS, INC.572,296$9
MORGAN STANLEY563,696$9,307
ENVESTNET ASSET MANAGEMENT INC508,745$8,399
SIT INVESTMENT ASSOCIATES INC500,722$8
BANK OF AMERICA CORP /DE/380,516$6,282
Hennion & Walsh Asset Management, Inc.369,316$6,097
1607 Capital Partners, LLC340,251$5,618
Csenge Advisory Group320,310$5,288
LPL Financial LLC307,423$5,076
STIFEL FINANCIAL CORP258,846$4,274
COMMONWEALTH EQUITY SERVICES, LLC222,740$3,677
RAYMOND JAMES FINANCIAL INC222,509$3,674
AMERIPRISE FINANCIAL INC176,570$2,915
Fiera Capital Corp170,617$2,817
Baird Financial Group, Inc.159,152$2,628
ROYAL BANK OF CANADA158,185$2,611
Gridiron Partners, LLC150,531$2,485
OSAIC HOLDINGS, INC.133,983$2,212
Sowell Financial Services LLC121,157$2,000
Cetera Investment Advisers120,867$1,995
Elevated Capital Advisors, LLC114,520$1,891
Beacon Pointe Advisors, LLC109,084$1,801
UBS Group AG94,806$1,565
Focus Partners Wealth88,457$1,461
PARK AVENUE SECURITIES LLC81,631$1
GUGGENHEIM CAPITAL LLC76,816$1,268
Smith Asset Management Co., LLC73,885$1,220
MCIA Inc63,833$1,060
Compound Planning, Inc.63,435$1,047
PNC Financial Services Group, Inc.59,032$975
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC55,781$922
Everstar Asset Management, LLC50,473$813
Cambridge Investment Research Advisors, Inc.45,481$1
&PARTNERS40,842$674
Lido Advisors, LLC36,895$623
Calamos Advisors LLC33,705$556
Western Wealth Management, LLC33,470$553
Stolper Co33,250$1
CEERA INVESTMENTS, LLC32,240$532
SEAMOUNT FINANCIAL GROUP INC30,339$501
SMITH, MOORE & CO.28,239$466
Jacobi Capital Management LLC27,115$448
Federation des caisses Desjardins du Quebec26,227$433
TITLEIST ASSET MANAGEMENT, LLC25,277$417
Curi Capital, LLC25,168$416
WEDBUSH SECURITIES INC25,051$0
WHITENER CAPITAL MANAGEMENT, INC.23,785$393
NATIONAL BANK OF CANADA /FI/22,700$375
JANE STREET GROUP, LLC21,406$353
Pines Wealth Management, LLC20,473$338
Spire Wealth Management20,276$335
Stratos Wealth Partners, LTD.20,262$335
NewEdge Advisors, LLC19,347$319
Sage Capital Advisors,llc19,053$315
INTEGRATED CAPITAL MANAGEMENT, INC.18,723$309
SILVER OAK SECURITIES, INCORPORATED17,985$298
Janney Montgomery Scott LLC16,351$0
KESTRA PRIVATE WEALTH SERVICES, LLC15,928$263
First Heartland Consultants, Inc.15,758$260
TIEMANN INVESTMENT ADVISORS, LLC15,388$254
EVERGREEN CAPITAL MANAGEMENT LLC15,350$253
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC14,578$241
M Holdings Securities, Inc.14,452$0
Noble Wealth Management PBC13,762$227
MML INVESTORS SERVICES, LLC13,218$218
Private Advisor Group, LLC12,700$210
DF DENT & CO INC12,298$203
HighTower Advisors, LLC12,120$200
CARY STREET PARTNERS FINANCIAL LLC11,773$194
Summit Trail Advisors, LLC10,711$177
Rockefeller Capital Management L.P.10,232$169
US BANCORP \DE\8,456$140
Kestra Advisory Services, LLC7,951$131
COMERICA BANK7,536$124
FINANCIAL CONSULATE, INC6,146$101
MARYLAND CAPITAL ADVISORS INC.5,600$92
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC.4,040$67
HARBOUR INVESTMENTS, INC.4,000$66
Geneos Wealth Management Inc.3,545$59
IFP Advisors, Inc3,500$58
Larson Financial Group LLC2,925$48
Sound Income Strategies, LLC2,783$46
Allworth Financial LP2,465$41
JONES FINANCIAL COMPANIES LLLP2,432$40
MAI Capital Management2,200$36
North Star Investment Management Corp.2,098$35
CHILTON CAPITAL MANAGEMENT LLC1,550$26
CWM, LLC1,322$0
Keating Financial Advisory Services, Inc.1,316$22
PRIVATE TRUST CO NA1,300$21
Steward Partners Investment Advisory, LLC1,187$20
Washington Trust Advisors, Inc.970$16
SOA Wealth Advisors, LLC.967$16
CoreCap Advisors, LLC800$13
Kilter Group LLC792$13
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO697$12
Garton & Associates Financial Advisors LLC587$10
11 other institutions3,389$56
Total (111 institutions)10,496,241$152,009