First Trust Intermediate Duration Preferred & Income Fund
118 hedge funds and large institutions have $276M invested in First Trust Intermediate Duration Preferred & Income Fund in 2023 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 40 increasing their positions, 32 reducing their positions, and 13 closing their positions.
100% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 13
25% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 32
15% more capital invested
Capital invested by funds: $240M → $276M (+$36.5M)
10% more funds holding
Funds holding: 107 → 118 (+11)
1.39% more ownership
Funds ownership: 26.45% → 27.83% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MOS
MGO One Seven
Beachwood,
Ohio
|
+$5.48M |
| 2 |
RIL
Rothschild Investment LLC
Chicago,
Illinois
|
+$3.15M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.11M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.87M |
| 5 |
MFG
Magnus Financial Group
New York
|
+$1.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.43M |
| 2 |
SCM
Saba Capital Management
New York
|
-$3.6M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.55M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.46M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$948K |
FPF Hedge Fund Activity: Q4 2023 in Review
118 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2023, worth a combined $276M — up 15% from $240M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new FPF positions and 13 closed out — a net gain of 13 holders — while 40 added to existing stakes and 32 trimmed.
The largest buyer was MGO One Seven, adding an estimated $5.48M. The largest seller was Morgan Stanley, cutting an estimated $4.43M.
- 118 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2023, up from 107 in Q3 2023.
- Funds reported $276M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2023, up 15% quarter-over-quarter.
- 26 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2023 and 13 closed out, a net change of +13 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2023 was MGO One Seven, an estimated $5.48M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2023 was Morgan Stanley, an estimated $4.43M sold.
Based on aggregated 13F filings for Q4 2023.