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FPF

First Trust Intermediate Duration Preferred & Income Fund
FPF

113 hedge funds and large institutions have $438M invested in First Trust Intermediate Duration Preferred & Income Fund in 2022 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 34 increasing their positions, 34 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 14

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

89% more capital invested

Capital invested by funds: $232M → $438M (+$207M)

13% more funds holding

Funds holding: 100 → 113 (+13)

1.62% more ownership

Funds ownership: 22.95% → 24.57% (+1.6%)

0% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 34

Holders
113
Holders Change
+13
Holders Change %
+13%
% of All Funds
1.82%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
30
Increased
34
Reduced
34
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$5.75M
2
KIM
Karpus Investment Management
New York
+$4.42M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
+$2.82M
4
LPL Financial
LPL Financial
California
+$2.2M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.5M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$6.86M
2
Wells Fargo
Wells Fargo
California
-$1.26M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$839K
4
SFS
Shaker Financial Services
Virginia
-$684K
5
Osaic Holdings
Osaic Holdings
Arizona
-$625K
Name Holding Trade Value Shares
Change 		Change in
Stake
Truist Financial
26
Truist Financial
North Carolina
$1.41M +$73.1K +4,368 +6%
RVPG
27
Relative Value Partners Group
$1.17M +$1.16M +69,505 New
RJA
28
Raymond James & Associates
Florida
$1.08M +$93.1K +5,560 +9%
DADC
29
D.A. Davidson & Co
Montana
$1.03M +$21.5K +1,282 +2%
IFG
30
Independent Financial Group
California
$983K – – –
FFP
31
FourThought Financial Partners
Florida
$972K +$965K +57,621 New
IWM
32
IHT Wealth Management
Illinois
$890K -$372K -22,221 -30%
Stifel Financial
33
Stifel Financial
Missouri
$866K -$514K -30,710 -37%
SFS
34
Sowell Financial Services
Arkansas
$807K -$8.37K -500 -1%
OBWG
35
Onyx Bridge Wealth Group
New York
$776K +$49.9K +2,978 +7%
RJFSA
36
Raymond James Financial Services Advisors
Florida
$737K -$213K -12,740 -23%
MC
37
Mathes Company
New York
$730K -$221K -13,200 -23%
Millennium Management
38
Millennium Management
New York
$721K +$529K +31,624 +284%
IWA
39
Icon Wealth Advisors
Texas
$657K – – –
Rockefeller Capital Management
40
Rockefeller Capital Management
New York
$633K -$16.3K -975 -3%
LSC
41
Logan Stone Capital
Illinois
$631K -$352K -21,031 -36%
LA
42
LexAurum Advisors
Kansas
$612K -$167 -10 -0%
Commonwealth Equity Services
43
Commonwealth Equity Services
Massachusetts
$572K +$57.2K +3,418 +11%
IAIM
44
International Assets Investment Management
Florida
$563K +$559K +33,369 New
AWS
45
Atria Wealth Solutions
New York
$553K -$44.3K -2,645 -7%
PFS
46
Prospera Financial Services
Texas
$543K +$16.7K +1,000 +3%
DCM
47
Delta Capital Management
New Jersey
$521K -$1.67K -100 -0.3%
RFN
48
RDA Financial Network
Iowa
$520K -$904 -54 -0.2%
GC
49
Guggenheim Capital
Illinois
$509K +$141K +8,407 +39%
FFC
50
First Financial Corp
Indiana
$488K -$31K -1,849 -6%
1
2
3 4 5

FPF Hedge Fund Activity: Q4 2022 in Review

113 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2022, worth a combined $438M — up 89% from $232M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new FPF positions and 14 closed out — a net gain of 16 holders — while 34 added to existing stakes and 34 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $5.75M. The largest seller was Morgan Stanley, cutting an estimated $6.86M.

  • 113 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2022, up from 100 in Q3 2022.
  • Funds reported $438M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2022, up 89% quarter-over-quarter.
  • 30 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2022 and 14 closed out, a net change of +16 holders.
  • The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $5.75M added.
  • The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2022 was Morgan Stanley, an estimated $6.86M sold.

Based on aggregated 13F filings for Q4 2022.