First Trust Intermediate Duration Preferred & Income Fund
51 hedge funds and large institutions have $218M invested in First Trust Intermediate Duration Preferred & Income Fund in 2014 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 11 closing their positions.
33% more capital invested
Capital invested by funds: $164M → $218M (+$54M)
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
3.38% more ownership
Funds ownership: 12.42% → 15.8% (+3.4%)
0% more funds holding
Funds holding: 51 → 51 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$10.9M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$7.84M |
| 3 |
Morgan Stanley
New York
|
+$6.13M |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$1.32M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.42M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.28M |
| 3 |
JP Morgan Chase
New York
|
-$2.19M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.86M |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.58M |
FPF Hedge Fund Activity: Q4 2014 in Review
51 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2014, worth a combined $218M — up 33% from $164M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new FPF positions and 11 closed out — a net gain of 2 holders — while 18 added to existing stakes and 14 trimmed.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $10.9M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $3.42M sold.
- 51 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2014, unchanged from Q3 2014.
- Funds reported $218M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2014, up 33% quarter-over-quarter.
- 13 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2014 and 11 closed out, a net change of +2 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2014 was Guggenheim Capital, an estimated $10.9M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2014 was Rivernorth Capital Management, an estimated $3.42M sold.
Based on aggregated 13F filings for Q4 2014.