First Trust Intermediate Duration Preferred & Income Fund
71 hedge funds and large institutions have $215M invested in First Trust Intermediate Duration Preferred & Income Fund in 2016 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 32 increasing their positions, 9 reducing their positions, and 7 closing their positions.
256% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 9
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
18% more funds holding
Funds holding: 60 → 71 (+11)
5% more capital invested
Capital invested by funds: $204M → $215M (+$10.8M)
1.07% more ownership
Funds ownership: 14.41% → 15.49% (+1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$4.73M |
| 2 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
+$2.5M |
| 3 |
Millennium Management
New York
|
+$1.78M |
| 4 |
Morgan Stanley
New York
|
+$1.16M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$3.35M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$413K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$344K |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$269K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$266K |
FPF Hedge Fund Activity: Q4 2016 in Review
71 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2016, worth a combined $215M — up 5.3% from $204M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FPF positions and 7 closed out — a net gain of 11 holders — while 32 added to existing stakes and 9 trimmed.
The largest buyer was Bessemer Group, adding an estimated $4.73M. The largest seller was Nine Masts Capital, exiting entirely with an estimated $3.35M sold.
- 71 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2016, up from 60 in Q3 2016.
- Funds reported $215M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2016, up 5.3% quarter-over-quarter.
- 18 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2016 and 7 closed out, a net change of +11 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2016 was Bessemer Group, an estimated $4.73M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2016 was Nine Masts Capital, an estimated $3.35M sold.
Based on aggregated 13F filings for Q4 2016.