First Trust Intermediate Duration Preferred & Income Fund
39 hedge funds and large institutions have $144M invested in First Trust Intermediate Duration Preferred & Income Fund in 2013 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 15 increasing their positions, 3 reducing their positions, and 1 closing their positions.
1,900% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 1
400% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 3
200% more capital invested
Capital invested by funds: $47.9M → $144M (+$95.8M)
86% more funds holding
Funds holding: 21 → 39 (+18)
7.96% more ownership
Funds ownership: 3.95% → 11.91% (+8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$12.8M |
| 2 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$12.6M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$11.5M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$10.7M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$6.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$959K |
| 2 |
FHA
First Horizon Advisors
Memphis,
Tennessee
|
-$69.1K |
| 3 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
-$62.3K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$14.5K |
FPF Hedge Fund Activity: Q4 2013 in Review
39 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2013, worth a combined $144M — up 200% from $47.9M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new FPF positions and 1 closed out — a net gain of 19 holders — while 15 added to existing stakes and 3 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $12.8M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $959K sold.
- 39 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2013, up from 21 in Q3 2013.
- Funds reported $144M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2013, up 200% quarter-over-quarter.
- 20 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2013 and 1 closed out, a net change of +19 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2013 was Morgan Stanley, an estimated $12.8M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2013 was JP Morgan Chase, an estimated $959K sold.
Based on aggregated 13F filings for Q4 2013.