First Trust Intermediate Duration Preferred & Income Fund
FPF
99 hedge funds and large institutions have $237M invested in First Trust Intermediate Duration Preferred & Income Fund in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 34 increasing their positions, 31 reducing their positions, and 18 closing their positions.
16% more capital inflows, than outflows
Capital inflows: $11.7M | Capital outflows: $10.1M
10% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 31
0.14% more ownership
Funds ownership: 24.96% → 25.1% (+0.14%)
10% less funds holding
Funds holding: 110 → 99 (-11)
56% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 18
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.1M |
| 2 |
Rockefeller Capital Management
New York
|
+$1.25M |
| 3 |
BW
Bison Wealth
Atlanta,
Georgia
|
+$533K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
+$522K |
| 5 |
LPL Financial
San Diego,
California
|
+$514K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.63M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$1.28M |
| 3 |
FFP
FourThought Financial Partners
Venice,
Florida
|
-$1.04M |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$428K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$402K |
FPF Hedge Fund Activity: Q2 2023 in Review
99 of the 6,387 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q2 2023, worth a combined $237M — down 1.2% from $240M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FPF and 8 opened new positions — a net loss of 10 holders — while 31 trimmed existing stakes and 34 added.
The largest buyer was Morgan Stanley, adding an estimated $5.1M. The largest seller was Ameriprise, cutting an estimated $3.63M.
- 99 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q2 2023, down from 110 in Q1 2023.
- Funds reported $237M of First Trust Intermediate Duration Preferred & Income Fund stock for Q2 2023, down 1.2% quarter-over-quarter.
- 8 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q2 2023 and 18 closed out, a net change of -10 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q2 2023 was Morgan Stanley, an estimated $5.1M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q2 2023 was Ameriprise, an estimated $3.63M sold.
Based on aggregated 13F filings for Q2 2023.