First Trust Intermediate Duration Preferred & Income Fund
88 hedge funds and large institutions have $190M invested in First Trust Intermediate Duration Preferred & Income Fund in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 30 increasing their positions, 19 reducing their positions, and 11 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 19
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
1% more funds holding
Funds holding: 87 → 88 (+1)
0.21% more ownership
Funds ownership: 17.39% → 17.6% (+0.21%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
24% less capital invested
Capital invested by funds: $249M → $190M (-$59M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$11.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$5M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$4.23M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.16M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$20M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.92M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2.6M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.38M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.37M |
FPF Hedge Fund Activity: Q1 2020 in Review
88 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q1 2020, worth a combined $190M — down 24% from $249M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FPF positions and 11 closed out — a net gain of 3 holders — while 30 added to existing stakes and 19 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $11.2M. The largest seller was UBS Group, cutting an estimated $20M.
- 88 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q1 2020, up from 87 in Q4 2019.
- Funds reported $190M of First Trust Intermediate Duration Preferred & Income Fund stock for Q1 2020, down 24% quarter-over-quarter.
- 14 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q1 2020 and 11 closed out, a net change of +3 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q1 2020 was Morgan Stanley, an estimated $11.2M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q1 2020 was UBS Group, an estimated $20M sold.
Based on aggregated 13F filings for Q1 2020.