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FPF

First Trust Intermediate Duration Preferred & Income Fund

51 hedge funds and large institutions have $176M invested in First Trust Intermediate Duration Preferred & Income Fund in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

55% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 11

16% more funds holding

Funds holding: 4451 (+7)

12% more capital invested

Capital invested by funds: $158M → $176M (+$18.5M)

1.14% more ownership

Funds ownership: 10.46%11.6% (+1.1%)

Holders
51
Holders Change
+7
Holders Change %
+15.91%
% of All Funds
1.47%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
14
Increased
17
Reduced
11
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$538K +$419K +18,615 +380%
DADC
27
D.A. Davidson & Co
Montana
$495K +$488K +21,678 New
WAM
28
Wolverine Asset Management
Illinois
$482K -$1.07M -47,448 -69%
UCFA
29
United Capital Financial Advisors
Texas
$449K +$441K +19,615 New
SIA
30
Sit Investment Associates
Minnesota
$412K
BCM
31
Beck Capital Management
Texas
$358K +$352K +15,670 New
SWP
32
Stratos Wealth Partners
Ohio
$356K +$350K +15,575 New
ICAS
33
Investors Capital Advisory Services
Massachusetts
$274K
CAS
34
CTC Alternative Strategies
Illinois
$256K -$603K -26,824 -71%
OC
35
Oppenheimer & Co
New York
$232K +$228K +10,125 New
JG
36
Jefferies Group
New York
$229K
V
37
Veritable
Delaware
$229K +$225K +10,000 New
LWM
38
LBA Wealth Management
Florida
$218K +$215K +9,550 New
HighTower Advisors
39
HighTower Advisors
Illinois
$213K
MWP
40
MYCIO Wealth Partners
Pennsylvania
$137K
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$108K -$8.66K -385 -8%
Fifth Third Bancorp
42
Fifth Third Bancorp
Ohio
$85K +$83.7K +3,720 New
AIG
43
American International Group
New York
$79.1K +$10.3K +460 +15%
FHA
44
First Horizon Advisors
Tennessee
$59K +$34.9K +1,550 +129%
Ameriprise
45
Ameriprise
Minnesota
$46K +$45K +2,000 New
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$41K +$40.5K +1,800 New
CHC
47
City Holding Co
West Virginia
$31K
Deutsche Bank
48
Deutsche Bank
Germany
$16K
US Bancorp
49
US Bancorp
Minnesota
$13K
NFG
50
Next Financial Group
Texas
$5K +$4.77K +212 New

FPF Hedge Fund Activity: Q2 2014 in Review

51 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2014, worth a combined $176M — up 12% from $158M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new FPF positions and 7 closed out — a net gain of 7 holders — while 17 added to existing stakes and 11 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $10.1M. The largest seller was Saba Capital Management, exiting entirely with an estimated $6.38M sold.

  • 51 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2014, up from 44 in Q1 2014.
  • Funds reported $176M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2014, up 12% quarter-over-quarter.
  • 14 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2014 and 7 closed out, a net change of +7 holders.
  • The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2014 was Morgan Stanley, an estimated $10.1M added.
  • The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2014 was Saba Capital Management, an estimated $6.38M sold.

Based on aggregated 13F filings for Q2 2014.