First Trust Intermediate Duration Preferred & Income Fund
FPF
110 hedge funds and large institutions have $303M invested in First Trust Intermediate Duration Preferred & Income Fund in 2024 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 34 reducing their positions, and 12 closing their positions.
0% more funds holding
Funds holding: 110 → 110 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
0% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 34
1.94% less ownership
Funds ownership: 27.45% → 25.52% (-1.9%)
54% less capital inflows, than outflows
Capital inflows: $18.4M | Capital outflows: $40M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.66M |
| 2 |
Millennium Management
New York
|
+$1.26M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.12M |
| 4 |
PPG
Peak Planning Group
Centennial,
Colorado
|
+$932K |
| 5 |
IHT Wealth Management
Chicago,
Illinois
|
+$931K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Penserra Capital Management
Orinda,
California
|
-$14.5M |
| 2 |
Karpus Investment Management
Pittsford,
New York
|
-$9.77M |
| 3 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$3.58M |
| 4 |
PFA
Petra Financial Advisors
Colorado Srpings,
Colorado
|
-$1.81M |
| 5 |
Park Avenue Securities
New York
|
-$1.79M |
FPF Hedge Fund Activity: Q3 2024 in Review
110 of the 6,983 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q3 2024, worth a combined $303M — down 1.2% from $307M a quarter earlier.
Fund positioning in FPF was balanced in Q3 2024: 12 funds opened new positions, 12 closed out, 34 added to existing stakes and 34 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $7.66M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $14.5M sold.
- 110 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q3 2024, unchanged from Q2 2024.
- Funds reported $303M of First Trust Intermediate Duration Preferred & Income Fund stock for Q3 2024, down 1.2% quarter-over-quarter.
- 12 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q3 2024 and 12 closed out, a net change of 0 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q3 2024 was Morgan Stanley, an estimated $7.66M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q3 2024 was Penserra Capital Management, an estimated $14.5M sold.
Based on aggregated 13F filings for Q3 2024.