First Trust Intermediate Duration Preferred & Income Fund
57 hedge funds and large institutions have $229M invested in First Trust Intermediate Duration Preferred & Income Fund in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 21 increasing their positions, 13 reducing their positions, and 9 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 13
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
10% more funds holding
Funds holding: 52 → 57 (+5)
10% more capital invested
Capital invested by funds: $209M → $229M (+$20M)
1.67% more ownership
Funds ownership: 16.07% → 17.74% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$7.4M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$4.05M |
| 3 |
LPL Financial
San Diego,
California
|
+$3.23M |
| 4 |
TFMS
Trust & Fiduciary Management Services
Boston,
Massachusetts
|
+$2.32M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$2.64M |
| 2 |
Morgan Stanley
New York
|
-$1.19M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.08M |
| 4 |
CS
Comerica Securities
Detroit,
Michigan
|
-$817K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$736K |
FPF Hedge Fund Activity: Q4 2015 in Review
57 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2015, worth a combined $229M — up 9.6% from $209M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FPF positions and 9 closed out — a net gain of 5 holders — while 21 added to existing stakes and 13 trimmed.
The largest buyer was Eaton Vance Management, adding an estimated $7.4M. The largest seller was Vident Investment Advisory, cutting an estimated $2.64M.
- 57 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2015, up from 52 in Q3 2015.
- Funds reported $229M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2015, up 9.6% quarter-over-quarter.
- 14 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2015 and 9 closed out, a net change of +5 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2015 was Eaton Vance Management, an estimated $7.4M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2015 was Vident Investment Advisory, an estimated $2.64M sold.
Based on aggregated 13F filings for Q4 2015.