Cohen & Steers Duration Preferred & Income Fund
LDP
39 hedge funds and large institutions have $133M invested in Cohen & Steers Duration Preferred & Income Fund in 2016 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 15 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
0.14% less ownership
Funds ownership: 19% → 18.87% (-0.14%)
3% less capital invested
Capital invested by funds: $138M → $133M (-$4.21M)
15% less funds holding
Funds holding: 46 → 39 (-7)
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.78M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$2.05M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$1.74M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.24M |
| 5 |
RBC
Ronald Blue & Co
Roswell,
Georgia
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RP
Raiff Partners
New York
|
-$3.02M |
| 2 |
CFP
Cornerstone Financial Partners
Huntersville,
North Carolina
|
-$2.54M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.21M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.53M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$966K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$25K | -1,000 | Closed |
|
|
GWS
52
Glassman Wealth Services
Vienna,
Virginia
| – | -$25K | -1,000 | Closed |
|
|
CHP
53
Cable Hill Partners
Portland,
Oregon
| – | -$4K | -159 | Closed |
|
|
MFS
54
MSI Financial Services
Springfield,
Massachusetts
| – | -$4K | -156 | Closed |
|
LDP Hedge Fund Activity: Q4 2016 in Review
39 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Duration Preferred & Income Fund (LDP) for Q4 2016, worth a combined $133M — down 3.1% from $138M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of LDP and 8 opened new positions — a net loss of 7 holders — while 10 trimmed existing stakes and 13 added.
The largest buyer was Morgan Stanley, adding an estimated $2.78M. The largest seller was Raiff Partners, exiting entirely with an estimated $3.02M sold.
- 39 institutional investors held Cohen & Steers Duration Preferred & Income Fund (LDP) as of Q4 2016, down from 46 in Q3 2016.
- Funds reported $133M of Cohen & Steers Duration Preferred & Income Fund stock for Q4 2016, down 3.1% quarter-over-quarter.
- 8 funds opened new Cohen & Steers Duration Preferred & Income Fund positions in Q4 2016 and 15 closed out, a net change of -7 holders.
- The largest Cohen & Steers Duration Preferred & Income Fund buyer in Q4 2016 was Morgan Stanley, an estimated $2.78M added.
- The largest Cohen & Steers Duration Preferred & Income Fund seller in Q4 2016 was Raiff Partners, an estimated $3.02M sold.
Based on aggregated 13F filings for Q4 2016.