First Trust Intermediate Duration Preferred & Income Fund
107 hedge funds and large institutions have $240M invested in First Trust Intermediate Duration Preferred & Income Fund in 2023 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 35 increasing their positions, 29 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
21% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 29
8% more funds holding
Funds holding: 99 → 107 (+8)
1.34% more ownership
Funds ownership: 25.1% → 26.45% (+1.3%)
1% more capital invested
Capital invested by funds: $237M → $240M (+$2.88M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$3.69M |
| 2 |
Morgan Stanley
New York
|
+$2.04M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.78M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$971K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$905K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVPG
Relative Value Partners Group
|
-$1.02M |
| 2 |
LPL Financial
San Diego,
California
|
-$584K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$538K |
| 4 |
IFG
Independent Financial Group
San Diego,
California
|
-$449K |
| 5 |
PHS
Pekin Hardy Strauss
Chicago,
Illinois
|
-$368K |
FPF Hedge Fund Activity: Q3 2023 in Review
107 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2023, worth a combined $240M — up 1.2% from $237M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FPF positions and 10 closed out — a net gain of 8 holders — while 35 added to existing stakes and 29 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $3.69M. The largest seller was Relative Value Partners Group, exiting entirely with an estimated $1.02M sold.
- 107 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2023, up from 99 in Q2 2023.
- Funds reported $240M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2023, up 1.2% quarter-over-quarter.
- 18 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2023 and 10 closed out, a net change of +8 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2023 was Saba Capital Management, an estimated $3.69M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2023 was Relative Value Partners Group, an estimated $1.02M sold.
Based on aggregated 13F filings for Q3 2023.