Cohen & Steers Duration Preferred & Income Fund
LDP
55 hedge funds and large institutions have $137M invested in Cohen & Steers Duration Preferred & Income Fund in 2018 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 18 reducing their positions, and 5 closing their positions.
100% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 5
10% more funds holding
Funds holding: 50 → 55 (+5)
0.06% less ownership
Funds ownership: 20.08% → 20.02% (-0.06%)
8% less capital invested
Capital invested by funds: $148M → $137M (-$11.3M)
11% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 18
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.39M |
| 2 |
Morgan Stanley
New York
|
+$1.3M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$934K |
| 4 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$762K |
| 5 |
Millennium Management
New York
|
+$427K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $10K | +$9.91K | +400 | New |
|
|
WAP
52
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| $5K | – | – | – |
|
|
ASN
53
Advisory Services Network
Atlanta,
Georgia
| $3K | +$2.63K | +106 | New |
|
|
SWP
54
Strategic Wealth Partners
Independence,
Ohio
| $2K | – | – | – |
|
|
SPC
55
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$201K | -7,855 | Closed |
|
56
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$73K | -2,863 | Closed |
|
57
SEI Investments
Oaks,
Pennsylvania
| – | -$61K | -2,374 | Closed |
|
|
CCM
58
Cribstone Capital Management
Augusta,
Maine
| – | -$51K | -2,000 | Closed |
|
|
AIS
59
Accurate Investment Solutions
Seven Fields,
Pennsylvania
| – | -$10K | -400 | Closed |
|
60
Fidelity Investments
Boston,
Massachusetts
| – | +$50 | +2 | New |
|
LDP Hedge Fund Activity: Q3 2018 in Review
55 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Duration Preferred & Income Fund (LDP) for Q3 2018, worth a combined $137M — down 7.6% from $148M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new LDP positions and 5 closed out — a net gain of 5 holders — while 16 added to existing stakes and 18 trimmed.
The largest buyer was Nine Masts Capital, opening a new position worth an estimated $1.39M. The largest seller was Bessemer Group, cutting an estimated $4.89M.
- 55 institutional investors held Cohen & Steers Duration Preferred & Income Fund (LDP) as of Q3 2018, up from 50 in Q2 2018.
- Funds reported $137M of Cohen & Steers Duration Preferred & Income Fund stock for Q3 2018, down 7.6% quarter-over-quarter.
- 10 funds opened new Cohen & Steers Duration Preferred & Income Fund positions in Q3 2018 and 5 closed out, a net change of +5 holders.
- The largest Cohen & Steers Duration Preferred & Income Fund buyer in Q3 2018 was Nine Masts Capital, an estimated $1.39M added.
- The largest Cohen & Steers Duration Preferred & Income Fund seller in Q3 2018 was Bessemer Group, an estimated $4.89M sold.
Based on aggregated 13F filings for Q3 2018.