First Trust Intermediate Duration Preferred & Income Fund
21 hedge funds and large institutions have $47.9M invested in First Trust Intermediate Duration Preferred & Income Fund in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 6 increasing their positions, 2 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
207% more capital invested
Capital invested by funds: $15.6M → $47.9M (+$32.3M)
200% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 2
62% more funds holding
Funds holding: 13 → 21 (+8)
2.85% more ownership
Funds ownership: 1.1% → 3.95% (+2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$19.7M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$5.53M |
| 3 |
SCM
Saba Capital Management
New York
|
+$4.82M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.94M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.5M |
| 2 |
AW
ACG Wealth
Atlanta,
Georgia
|
-$1.7M |
| 3 |
OC
Oppenheimer & Co
New York
|
-$645K |
| 4 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
-$132K |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$126K |
FPF Hedge Fund Activity: Q3 2013 in Review
21 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2013, worth a combined $47.9M — up 207% from $15.6M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FPF positions and 4 closed out — a net gain of 9 holders — while 6 added to existing stakes and 2 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $19.7M. The largest seller was Millennium Management, exiting entirely with an estimated $2.5M sold.
- 21 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2013, up from 13 in Q2 2013.
- Funds reported $47.9M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2013, up 207% quarter-over-quarter.
- 13 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2013 and 4 closed out, a net change of +9 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2013 was Morgan Stanley, an estimated $19.7M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2013 was Millennium Management, an estimated $2.5M sold.
Based on aggregated 13F filings for Q3 2013.