First Trust Intermediate Duration Preferred & Income Fund
52 hedge funds and large institutions have $209M invested in First Trust Intermediate Duration Preferred & Income Fund in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 19 reducing their positions, and 12 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
0% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 19
0.5% less ownership
Funds ownership: 16.57% → 16.07% (-0.5%)
3% less capital invested
Capital invested by funds: $217M → $209M (-$7.58M)
5% less funds holding
Funds holding: 55 → 52 (-3)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$8.71M |
| 2 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$1.08M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$964K |
| 4 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
+$843K |
| 5 |
LPL Financial
San Diego,
California
|
+$770K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$6.44M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.21M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$2.03M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.03M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.93M |
FPF Hedge Fund Activity: Q3 2015 in Review
52 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2015, worth a combined $209M — down 3.5% from $217M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FPF and 9 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 19 added.
The largest buyer was McGowan Group Asset Management, adding an estimated $8.71M. The largest seller was Eaton Vance Management, cutting an estimated $6.44M.
- 52 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2015, down from 55 in Q2 2015.
- Funds reported $209M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2015, down 3.5% quarter-over-quarter.
- 9 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2015 and 12 closed out, a net change of -3 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2015 was McGowan Group Asset Management, an estimated $8.71M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2015 was Eaton Vance Management, an estimated $6.44M sold.
Based on aggregated 13F filings for Q3 2015.