Cohen & Steers Duration Preferred & Income Fund
LDP
51 hedge funds and large institutions have $125M invested in Cohen & Steers Duration Preferred & Income Fund in 2015 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 2 closing their positions.
650% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 2
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
34% more funds holding
Funds holding: 38 → 51 (+13)
21% more capital invested
Capital invested by funds: $103M → $125M (+$22M)
3.12% more ownership
Funds ownership: 16.11% → 19.23% (+3.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$3.12M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$3M |
| 3 |
Morgan Stanley
New York
|
+$2.96M |
| 4 |
LCM
Laurion Capital Management
New York
|
+$2.02M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$2M |
| 2 |
RBC
Ronald Blue & Co
Roswell,
Georgia
|
-$788K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$700K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$617K |
| 5 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
-$401K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| $1K | – | – | – |
|
|
VKH
52
Virtu KCG Holdings
New York
| – | -$700K | -31,622 | Closed |
|
|
BTS
53
BB&T Securities
Richmond,
Virginia
| – | -$212K | -9,584 | Closed |
|
LDP Hedge Fund Activity: Q4 2015 in Review
51 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Duration Preferred & Income Fund (LDP) for Q4 2015, worth a combined $125M — up 21% from $103M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new LDP positions and 2 closed out — a net gain of 13 holders — while 16 added to existing stakes and 11 trimmed.
The largest buyer was Bessemer Group, adding an estimated $3.12M. The largest seller was Invesco, cutting an estimated $2M.
- 51 institutional investors held Cohen & Steers Duration Preferred & Income Fund (LDP) as of Q4 2015, up from 38 in Q3 2015.
- Funds reported $125M of Cohen & Steers Duration Preferred & Income Fund stock for Q4 2015, up 21% quarter-over-quarter.
- 15 funds opened new Cohen & Steers Duration Preferred & Income Fund positions in Q4 2015 and 2 closed out, a net change of +13 holders.
- The largest Cohen & Steers Duration Preferred & Income Fund buyer in Q4 2015 was Bessemer Group, an estimated $3.12M added.
- The largest Cohen & Steers Duration Preferred & Income Fund seller in Q4 2015 was Invesco, an estimated $2M sold.
Based on aggregated 13F filings for Q4 2015.