First Trust Intermediate Duration Preferred & Income Fund
109 hedge funds and large institutions have $303M invested in First Trust Intermediate Duration Preferred & Income Fund in 2021 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 39 increasing their positions, 31 reducing their positions, and 9 closing their positions.
100% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 9
26% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 31
13% more capital invested
Capital invested by funds: $267M → $303M (+$35.9M)
8% more funds holding
Funds holding: 101 → 109 (+8)
2.54% more ownership
Funds ownership: 18.26% → 20.79% (+2.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$27.9M |
| 2 |
Cohen & Steers
New York
|
+$3.03M |
| 3 |
Morgan Stanley
New York
|
+$1.94M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.94M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$975K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$5.15M |
| 2 |
Citigroup
New York
|
-$1.6M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$981K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$880K |
| 5 |
GTAM
Global Trust Asset Management
West Palm Beach,
Florida
|
-$648K |
FPF Hedge Fund Activity: Q1 2021 in Review
109 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q1 2021, worth a combined $303M — up 13% from $267M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FPF positions and 9 closed out — a net gain of 9 holders — while 39 added to existing stakes and 31 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $27.9M. The largest seller was Bramshill Investments, cutting an estimated $5.15M.
- 109 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q1 2021, up from 101 in Q4 2020.
- Funds reported $303M of First Trust Intermediate Duration Preferred & Income Fund stock for Q1 2021, up 13% quarter-over-quarter.
- 18 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q1 2021 and 9 closed out, a net change of +9 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $27.9M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q1 2021 was Bramshill Investments, an estimated $5.15M sold.
Based on aggregated 13F filings for Q1 2021.