First Trust Intermediate Duration Preferred & Income Fund
117 hedge funds and large institutions have $340M invested in First Trust Intermediate Duration Preferred & Income Fund in 2025 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 39 increasing their positions, 32 reducing their positions, and 17 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 32
7% more capital invested
Capital invested by funds: $319M → $340M (+$20.9M)
2.62% more ownership
Funds ownership: 27.37% → 29.98% (+2.6%)
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
2% less funds holding
Funds holding: 119 → 117 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$12M |
| 2 |
Morgan Stanley
New York
|
+$9.78M |
| 3 |
PPG
Peak Planning Group
Centennial,
Colorado
|
+$7.29M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.64M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.06M |
| 2 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
-$2.04M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.75M |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$1.24M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$956K |
FPF Hedge Fund Activity: Q4 2025 in Review
117 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q4 2025, worth a combined $340M — up 6.5% from $319M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of FPF and 16 opened new positions — a net loss of 1 holder — while 32 trimmed existing stakes and 39 added.
The largest buyer was Sit Investment Associates, adding an estimated $12M. The largest seller was Ameriprise, cutting an estimated $2.06M.
- 117 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q4 2025, down from 119 in Q3 2025.
- Funds reported $340M of First Trust Intermediate Duration Preferred & Income Fund stock for Q4 2025, up 6.5% quarter-over-quarter.
- 16 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q4 2025 and 17 closed out, a net change of -1 holder.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q4 2025 was Sit Investment Associates, an estimated $12M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q4 2025 was Ameriprise, an estimated $2.06M sold.
Based on aggregated 13F filings for Q4 2025.