First Trust Intermediate Duration Preferred & Income Fund
FPF
100 hedge funds and large institutions have $232M invested in First Trust Intermediate Duration Preferred & Income Fund in 2022 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 39 reducing their positions, and 10 closing their positions.
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
0% more funds holding
Funds holding: 100 → 100 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.41% less ownership
Funds ownership: 23.36% → 22.95% (-0.41%)
13% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 39
21% less capital inflows, than outflows
Capital inflows: $13.9M | Capital outflows: $17.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Penserra Capital Management
Orinda,
California
|
+$4.88M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.25M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.1M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$780K |
| 5 |
Cohen & Steers
New York
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.76M |
| 2 |
MFG
Magnus Financial Group
New York
|
-$1.59M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.53M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$1.39M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.32M |
FPF Hedge Fund Activity: Q3 2022 in Review
100 of the 5,831 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2022, worth a combined $232M — down 13% from $266M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FPF positions and 10 closed out — a net gain of 2 holders — while 34 added to existing stakes and 39 trimmed.
The largest buyer was Penserra Capital Management, adding an estimated $4.88M. The largest seller was Morgan Stanley, cutting an estimated $6.76M.
- 100 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2022, unchanged from Q2 2022.
- Funds reported $232M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2022, down 13% quarter-over-quarter.
- 12 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2022 and 10 closed out, a net change of +2 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2022 was Penserra Capital Management, an estimated $4.88M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2022 was Morgan Stanley, an estimated $6.76M sold.
Based on aggregated 13F filings for Q3 2022.