First Trust Intermediate Duration Preferred & Income Fund
51 hedge funds and large institutions have $164M invested in First Trust Intermediate Duration Preferred & Income Fund in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 13 reducing their positions, and 5 closing their positions.
77% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 13
2% more capital invested
Capital invested by funds: $161M → $164M (+$2.73M)
0.82% more ownership
Funds ownership: 11.6% → 12.42% (+0.82%)
0% more funds holding
Funds holding: 51 → 51 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$9.93M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.47M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$2.49M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.74M |
| 5 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$897K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EML
Eos Management LP
New York
|
-$3.13M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$2.93M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.53M |
| 4 |
JP Morgan Chase
New York
|
-$1.45M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$620K |
FPF Hedge Fund Activity: Q3 2014 in Review
51 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2014, worth a combined $164M — up 1.7% from $161M a quarter earlier.
Fund positioning in FPF was balanced in Q3 2014: 5 funds opened new positions, 5 closed out, 23 added to existing stakes and 13 trimmed.
The largest buyer was Bessemer Group, opening a new position worth an estimated $9.93M. The largest seller was Eos Management LP, cutting an estimated $3.13M.
- 51 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2014, unchanged from Q2 2014.
- Funds reported $164M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2014, up 1.7% quarter-over-quarter.
- 5 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2014 and 5 closed out, a net change of 0 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2014 was Bessemer Group, an estimated $9.93M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2014 was Eos Management LP, an estimated $3.13M sold.
Based on aggregated 13F filings for Q3 2014.