First Trust Intermediate Duration Preferred & Income Fund
71 hedge funds and large institutions have $215M invested in First Trust Intermediate Duration Preferred & Income Fund in 2016 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 31 increasing their positions, 9 reducing their positions, and 7 closing their positions.
244% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 9
171% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 7
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
20% more funds holding
Funds holding: 59 → 71 (+12)
5% more capital invested
Capital invested by funds: $204M → $215M (+$10.8M)
1.08% more ownership
Funds ownership: 14.41% → 15.49% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$4.73M |
| 2 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
+$2.5M |
| 3 |
Millennium Management
New York
|
+$1.78M |
| 4 |
Morgan Stanley
New York
|
+$1.16M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$3.35M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$413K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$344K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$269K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$266K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CRC
76
Curi RMB Capital
Chicago,
Illinois
| – | -$221K | -9,451 | Closed |
|
77
Envestnet Asset Management
Chicago,
Illinois
| – | -$42K | -1,800 | Closed |
|
|
WEC
78
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$9.99K | -428 | Closed |
|
FPF Hedge Fund Activity: Q4 2016 in Review
71 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2016, worth a combined $215M — up 5.3% from $204M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new FPF positions and 7 closed out — a net gain of 12 holders — while 31 added to existing stakes and 9 trimmed.
The largest buyer was Bessemer Group, adding an estimated $4.73M. The largest seller was Nine Masts Capital, exiting entirely with an estimated $3.35M sold.
- 71 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2016, up from 59 in Q3 2016.
- Funds reported $215M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2016, up 5.3% quarter-over-quarter.
- 19 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2016 and 7 closed out, a net change of +12 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2016 was Bessemer Group, an estimated $4.73M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2016 was Nine Masts Capital, an estimated $3.35M sold.
Based on aggregated 13F filings for Q4 2016.