Cohen & Steers Duration Preferred & Income Fund
LDP
30 hedge funds and large institutions have $98.8M invested in Cohen & Steers Duration Preferred & Income Fund in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
8% more capital invested
Capital invested by funds: $91.4M → $98.8M (+$7.47M)
2.01% more ownership
Funds ownership: 11.26% → 13.27% (+2%)
3% less funds holding
Funds holding: 31 → 30 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$7.51M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$4.86M |
| 3 |
Morgan Stanley
New York
|
+$2.96M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$1.78M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$884K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EML
Eos Management LP
New York
|
-$1.32M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$965K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$617K |
| 4 |
Barclays
London,
United Kingdom
|
-$517K |
| 5 |
ACI
Alpha Cubed Investments
Irvine,
California
|
-$476K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $30K | +$4.98K | +200 | +20% |
|
|
GSC
27
Ground Swell Capital
Folly Beach,
South Carolina
| $11K | +$10.9K | +438 | New |
|
28
Ameriprise
Minneapolis,
Minnesota
| $7K | +$7.47K | +300 | New |
|
|
MA
29
MUFG Americas
New York
| $1K | – | – | – |
|
|
EML
30
Eos Management LP
New York
| – | -$1.32M | -51,705 | Closed |
|
|
SFS
31
Shaker Financial Services
Arlington,
Virginia
| – | -$965K | -37,890 | Closed |
|
|
ACI
32
Alpha Cubed Investments
Irvine,
California
| – | -$476K | -18,708 | Closed |
|
33
Jane Street
New York
| – | -$296K | -11,608 | Closed |
|
|
BRWM
34
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$63K | -2,500 | Closed |
|
|
WAM
35
Wolverine Asset Management
Chicago,
Illinois
| – | -$45K | -1,783 | Closed |
|
|
BRWA
36
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$38.2K | -1,500 | Closed |
|
|
MAA
37
Managed Account Advisors
Jersey City,
New Jersey
| – | +$398 | +16 | New |
|
LDP Hedge Fund Activity: Q3 2014 in Review
30 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Duration Preferred & Income Fund (LDP) for Q3 2014, worth a combined $98.8M — up 8.2% from $91.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of LDP and 6 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 12 added.
The largest buyer was Bessemer Group, opening a new position worth an estimated $7.51M. The largest seller was Eos Management LP, exiting entirely with an estimated $1.32M sold.
- 30 institutional investors held Cohen & Steers Duration Preferred & Income Fund (LDP) as of Q3 2014, down from 31 in Q2 2014.
- Funds reported $98.8M of Cohen & Steers Duration Preferred & Income Fund stock for Q3 2014, up 8.2% quarter-over-quarter.
- 6 funds opened new Cohen & Steers Duration Preferred & Income Fund positions in Q3 2014 and 7 closed out, a net change of -1 holder.
- The largest Cohen & Steers Duration Preferred & Income Fund buyer in Q3 2014 was Bessemer Group, an estimated $7.51M added.
- The largest Cohen & Steers Duration Preferred & Income Fund seller in Q3 2014 was Eos Management LP, an estimated $1.32M sold.
Based on aggregated 13F filings for Q3 2014.