First Trust Intermediate Duration Preferred & Income Fund
110 hedge funds and large institutions have $303M invested in First Trust Intermediate Duration Preferred & Income Fund in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 42 increasing their positions, 31 reducing their positions, and 21 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 31
10% more capital invested
Capital invested by funds: $276M → $303M (+$27.1M)
0% more ownership
Funds ownership: 27.83% → 27.84% (+0%)
7% less funds holding
Funds holding: 118 → 110 (-8)
29% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.49M |
| 2 |
PI
PFG Investments
Woodbury,
New York
|
+$3.28M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.85M |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.93M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$4.5M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.49M |
| 3 |
Rockefeller Capital Management
New York
|
-$1.76M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$1.69M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.02M |
FPF Hedge Fund Activity: Q1 2024 in Review
110 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q1 2024, worth a combined $303M — up 9.8% from $276M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of FPF and 15 opened new positions — a net loss of 6 holders — while 31 trimmed existing stakes and 42 added.
The largest buyer was Morgan Stanley, adding an estimated $3.49M. The largest seller was Bank of America, cutting an estimated $4.5M.
- 110 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q1 2024, down from 118 in Q4 2023.
- Funds reported $303M of First Trust Intermediate Duration Preferred & Income Fund stock for Q1 2024, up 9.8% quarter-over-quarter.
- 15 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q1 2024 and 21 closed out, a net change of -6 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q1 2024 was Morgan Stanley, an estimated $3.49M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q1 2024 was Bank of America, an estimated $4.5M sold.
Based on aggregated 13F filings for Q1 2024.