First Trust Intermediate Duration Preferred & Income Fund
119 hedge funds and large institutions have $291M invested in First Trust Intermediate Duration Preferred & Income Fund in 2024 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 34 increasing their positions, 39 reducing their positions, and 10 closing their positions.
110% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 10
8% more funds holding
Funds holding: 110 → 119 (+9)
1.04% more ownership
Funds ownership: 25.52% → 26.56% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $303M → $291M (-$12.1M)
13% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.7M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$3.21M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$2.04M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.04M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$957K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
-$943K |
| 2 |
Millennium Management
New York
|
-$835K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$649K |
| 4 |
Jane Street
New York
|
-$644K |
| 5 |
RC
Rareview Capital
Las Vegas,
Nevada
|
-$554K |
FPF Hedge Fund Activity: Q4 2024 in Review
119 of the 7,606 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2024, worth a combined $291M — down 4% from $303M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FPF positions and 10 closed out — a net gain of 11 holders — while 34 added to existing stakes and 39 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $6.7M. The largest seller was IHT Wealth Management, cutting an estimated $943K.
- 119 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2024, up from 110 in Q3 2024.
- Funds reported $291M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2024, down 4% quarter-over-quarter.
- 21 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2024 and 10 closed out, a net change of +11 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2024 was Morgan Stanley, an estimated $6.7M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2024 was IHT Wealth Management, an estimated $943K sold.
Based on aggregated 13F filings for Q4 2024.