Cohen & Steers Duration Preferred & Income Fund
LDP
29 hedge funds and large institutions have $70M invested in Cohen & Steers Duration Preferred & Income Fund in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
45% more capital invested
Capital invested by funds: $48.2M → $70M (+$21.8M)
21% more funds holding
Funds holding: 24 → 29 (+5)
2.24% more ownership
Funds ownership: 6.83% → 9.07% (+2.2%)
Top Buyers
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.43M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$3.77M |
| 3 |
SCM
Saba Capital Management
New York
|
+$2.04M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.94M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.29M |
Top Sellers
| 1 |
BWP
Baldwin Wealth Partners
Marion,
Massachusetts
|
-$2.51M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.42M |
| 3 |
OM
Ospraie Management
New York
|
-$605K |
| 4 |
Barclays
London,
United Kingdom
|
-$289K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$255K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GBA
26
Garrison Bradford & Associates
New York
| $222K | – | – | – |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $88K | +$13.6K | +605 | +18% |
|
28
First Manhattan
New York
| $63K | – | – | – |
|
|
MA
29
MUFG Americas
New York
| $1K | +$1.05K | +47 | New |
|
|
OM
30
Ospraie Management
New York
| – | -$605K | -27,000 | Closed |
|
|
31
HighTower Advisors
Chicago,
Illinois
| – | -$255K | -11,360 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$81K | -3,636 | Closed |
|
|
RNS
33
Robert N. Shapiro
| – | -$25K | -1,130 | Closed |
|
LDP Hedge Fund Activity: Q4 2013 in Review
29 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Duration Preferred & Income Fund (LDP) for Q4 2013, worth a combined $70M — up 45% from $48.2M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new LDP positions and 4 closed out — a net gain of 5 holders — while 11 added to existing stakes and 7 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $5.43M. The largest seller was Baldwin Wealth Partners, cutting an estimated $2.51M.
- 29 institutional investors held Cohen & Steers Duration Preferred & Income Fund (LDP) as of Q4 2013, up from 24 in Q3 2013.
- Funds reported $70M of Cohen & Steers Duration Preferred & Income Fund stock for Q4 2013, up 45% quarter-over-quarter.
- 9 funds opened new Cohen & Steers Duration Preferred & Income Fund positions in Q4 2013 and 4 closed out, a net change of +5 holders.
- The largest Cohen & Steers Duration Preferred & Income Fund buyer in Q4 2013 was Rivernorth Capital Management, an estimated $5.43M added.
- The largest Cohen & Steers Duration Preferred & Income Fund seller in Q4 2013 was Baldwin Wealth Partners, an estimated $2.51M sold.
Based on aggregated 13F filings for Q4 2013.