First Trust Intermediate Duration Preferred & Income Fund
119 hedge funds and large institutions have $330M invested in First Trust Intermediate Duration Preferred & Income Fund in 2026 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 41 increasing their positions, 23 reducing their positions, and 11 closing their positions.
78% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 23
45% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 11
2% more funds holding
Funds holding: 117 → 119 (+2)
0.79% more ownership
Funds ownership: 29.98% → 30.77% (+0.79%)
3% less capital invested
Capital invested by funds: $340M → $330M (-$9.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.19M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$824K |
| 4 |
WS
Wedbush Securities
Los Angeles,
California
|
+$793K |
| 5 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$589K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$2.09M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$764K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$676K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$613K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$583K |
FPF Hedge Fund Activity: Q1 2026 in Review
119 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in First Trust Intermediate Duration Preferred & Income Fund (FPF) for Q1 2026, worth a combined $330M — down 2.9% from $340M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FPF positions and 11 closed out — a net gain of 5 holders — while 41 added to existing stakes and 23 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $10.2M. The largest seller was Invesco, cutting an estimated $2.09M.
- 119 institutional investors held First Trust Intermediate Duration Preferred & Income Fund (FPF) as of Q1 2026, up from 117 in Q4 2025.
- Funds reported $330M of First Trust Intermediate Duration Preferred & Income Fund stock for Q1 2026, down 2.9% quarter-over-quarter.
- 16 funds opened new First Trust Intermediate Duration Preferred & Income Fund positions in Q1 2026 and 11 closed out, a net change of +5 holders.
- The largest First Trust Intermediate Duration Preferred & Income Fund buyer in Q1 2026 was Morgan Stanley, an estimated $10.2M added.
- The largest First Trust Intermediate Duration Preferred & Income Fund seller in Q1 2026 was Invesco, an estimated $2.09M sold.
Based on aggregated 13F filings for Q1 2026.