First Trust Intermediate Duration Preferred & Income Fund
119 hedge funds and large institutions have $319M invested in First Trust Intermediate Duration Preferred & Income Fund in 2025 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 35 increasing their positions, 32 reducing their positions, and 7 closing their positions.
143% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 7
6% more funds holding
Funds holding: 112 → 119 (+7)
4.63% more ownership
Funds ownership: 26.86% → 31.48% (+4.6%)
9% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 32
4% more capital invested
Capital invested by funds: $308M → $319M (+$11.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GP
Gridiron Partners
Wexford,
Pennsylvania
|
+$47.7M |
| 2 |
Morgan Stanley
New York
|
+$6.24M |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$1.52M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.21M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$664K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$2.77M |
| 2 |
RC
Rareview Capital
Las Vegas,
Nevada
|
-$829K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$765K |
| 4 |
CFG
Cooper Financial Group
Irvine,
California
|
-$693K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$555K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2.67K | -142 | Closed |
|
127
JP Morgan Chase
New York
| – | -$1.88K | -100 | Closed |
|
FPF Hedge Fund Activity: Q3 2025 in Review
119 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2025, worth a combined $319M — up 3.8% from $308M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new FPF positions and 7 closed out — a net gain of 10 holders — while 35 added to existing stakes and 32 trimmed.
The largest buyer was Gridiron Partners, adding an estimated $47.7M. The largest seller was Invesco, cutting an estimated $2.77M.
- 119 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2025, up from 112 in Q2 2025.
- Funds reported $319M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2025, up 3.8% quarter-over-quarter.
- 17 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2025 and 7 closed out, a net change of +10 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2025 was Gridiron Partners, an estimated $47.7M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2025 was Invesco, an estimated $2.77M sold.
Based on aggregated 13F filings for Q3 2025.