FLAHERTY & CRUMRINE DYNAMIC

CUSIP: 33848W106 Class: CEF

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

InstitutionSharesValue ($000)
RAYMOND JAMES FINANCIAL INC1,218,104$25,324
COHEN & STEERS, INC.461,489$10
SIT INVESTMENT ASSOCIATES INC445,325$9
Invesco Ltd.308,922$6,422
GUGGENHEIM CAPITAL LLC301,249$6,263
WELLS FARGO & COMPANY/MN279,231$5,805
LPL Financial LLC196,022$4,075
Hennion & Walsh Asset Management, Inc.158,315$3,291
Focus Partners Wealth148,586$3,093
MORGAN STANLEY129,167$2,685
1607 Capital Partners, LLC107,017$2,225
Fiera Capital Corp101,601$2,112
Smith Asset Management Co., LLC96,884$2,014
Whipplewood Advisors, LLC94,845$1,972
Cambridge Investment Research Advisors, Inc.94,061$2
AMERIPRISE FINANCIAL INC87,695$1,823
Revisor Wealth Management LLC62,076$1,329
Shaker Financial Services, LLC57,012$1,185
1776 Wealth LLC52,132$1,084
COMMONWEALTH EQUITY SERVICES, LLC48,567$1,010
OSAIC HOLDINGS, INC.48,329$1,005
SEAMOUNT FINANCIAL GROUP INC47,080$979
Closed-End Fund Advisors, Inc.45,013$936
Samalin Investment Counsel, LLC42,833$891
ENVESTNET ASSET MANAGEMENT INC40,641$845
PRINCIPAL SECURITIES, INC.39,248$816
Private Advisor Group, LLC38,862$808
ROYAL BANK OF CANADA38,261$795
AlphaCore Capital LLC37,149$772
&PARTNERS36,927$768
Janney Montgomery Scott LLC35,435$1
Capital Analysts, LLC34,401$1
NewEdge Advisors, LLC33,337$693
Concurrent Investment Advisors, LLC30,224$628
Corient Private Wealth LLC28,978$43
Capital Investment Advisors, LLC25,690$534
STIFEL FINANCIAL CORP23,280$484
Merit Financial Group, LLC22,776$474
Strategic Advocates LLC21,928$457
Cetera Investment Advisers21,489$447
Palogic Value Management, L.P.20,500$426
Baird Financial Group, Inc.19,468$405
Mathes Company, Inc.18,000$0
Farther Finance Advisors, LLC17,845$371
CENTAURUS FINANCIAL, INC.15,583$0
Cerity Partners LLC14,300$297
Catalina Capital Group, LLC13,985$291
WEDBUSH SECURITIES INC12,700$0
BANK OF AMERICA CORP /DE/12,270$255
LEVEL FOUR ADVISORY SERVICES, LLC11,500$239
WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC10,950$228
MGB Wealth Management, LLC10,846$225
READYSTATE ASSET MANAGEMENT LP10,782$224
Asset One Wealth Management LLC10,716$230
Abel Hall, LLC10,500$218
Fiduciary Alliance LLC10,350$215
J.W. COLE ADVISORS, INC.10,270$214
CARY STREET PARTNERS FINANCIAL LLC10,246$213
HighTower Advisors, LLC10,172$211
UBS Group AG9,895$206
Kestra Advisory Services, LLC7,589$158
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC6,763$141
Pinnacle Wealth Planning Services, Inc.5,307$110
Atlantic Union Bankshares Corp4,500$94
Triumph Capital Management4,450$93
AdvisorNet Financial, Inc4,250$88
Golden State Wealth Management, LLC4,208$87
PNC Financial Services Group, Inc.3,345$70
Steward Partners Investment Advisory, LLC2,800$58
HUNTINGTON NATIONAL BANK2,400$50
North Star Investment Management Corp.2,300$48
CWM, LLC1,837$0
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO1,800$37
Westside Investment Management, Inc.1,667$35
Allworth Financial LP1,380$29
MCF Advisors LLC1,229$26
Camelot Portfolios, LLC1,000$21
HARBOUR INVESTMENTS, INC.911$19
Geneos Wealth Management Inc.855$18
WOLVERINE ASSET MANAGEMENT LLC812$17
Keating Financial Advisory Services, Inc.750$16
CoreCap Advisors, LLC350$7
Sound Income Strategies, LLC236$5
HIGHLINE WEALTH PARTNERS LLC100$2
Rockefeller Capital Management L.P.73$2
Total (85 institutions)5,461,971$89,809