First Trust Intermediate Duration Preferred & Income Fund
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.75M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.42M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$2.82M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.2M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.86M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.26M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$839K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$684K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$625K |
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.