Cohen & Steers Duration Preferred & Income Fund
LDP
34 hedge funds and large institutions have $77.3M invested in Cohen & Steers Duration Preferred & Income Fund in 2014 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
44% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 9
17% more funds holding
Funds holding: 29 → 34 (+5)
10% more capital invested
Capital invested by funds: $70M → $77.3M (+$7.29M)
0.77% more ownership
Funds ownership: 9.07% → 9.84% (+0.77%)
Top Buyers
| 1 |
U
UBS
Zurich,
Switzerland
|
+$2.55M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.4M |
| 3 |
Barclays
London,
United Kingdom
|
+$1.13M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$886K |
| 5 |
IMS
Index Management Solutions
Philadelphia,
Pennsylvania
|
+$867K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACI
26
Alpha Cubed Investments
Irvine,
California
| $234K | -$990K | -42,188 | -81% |
|
|
GBA
27
Garrison Bradford & Associates
New York
| $233K | – | – | – |
|
28
Commonwealth Equity Services
Waltham,
Massachusetts
| $216K | +$213K | +9,061 | New |
|
|
CA
29
Cornerstone Advisors
Asheville,
North Carolina
| $212K | -$34.7K | -1,478 | -14% |
|
|
BRWM
30
B. Riley Wealth Management
Memphis,
Tennessee
| $107K | +$106K | +4,500 | New |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| $104K | +$10.4K | +443 | +11% |
|
32
First Manhattan
New York
| $66K | – | – | – |
|
33
Creative Planning
Overland Park,
Kansas
| $12K | +$11.7K | +500 | New |
|
|
MA
34
MUFG Americas
New York
| $1K | – | – | – |
|
|
DA
35
Doliver Advisors
Houston,
Texas
| – | -$466K | -20,616 | Closed |
|
|
VKH
36
Virtu KCG Holdings
New York
| – | -$393K | -17,364 | Closed |
|
LDP Hedge Fund Activity: Q1 2014 in Review
34 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Duration Preferred & Income Fund (LDP) for Q1 2014, worth a combined $77.3M — up 10% from $70M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new LDP positions and 2 closed out — a net gain of 5 holders — while 13 added to existing stakes and 9 trimmed.
The largest buyer was UBS, adding an estimated $2.55M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.13M.
- 34 institutional investors held Cohen & Steers Duration Preferred & Income Fund (LDP) as of Q1 2014, up from 29 in Q4 2013.
- Funds reported $77.3M of Cohen & Steers Duration Preferred & Income Fund stock for Q1 2014, up 10% quarter-over-quarter.
- 7 funds opened new Cohen & Steers Duration Preferred & Income Fund positions in Q1 2014 and 2 closed out, a net change of +5 holders.
- The largest Cohen & Steers Duration Preferred & Income Fund buyer in Q1 2014 was UBS, an estimated $2.55M added.
- The largest Cohen & Steers Duration Preferred & Income Fund seller in Q1 2014 was Rivernorth Capital Management, an estimated $3.13M sold.
Based on aggregated 13F filings for Q1 2014.