Cohen & Steers Duration Preferred & Income Fund
LDP
68 hedge funds and large institutions have $169M invested in Cohen & Steers Duration Preferred & Income Fund in 2021 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 21 reducing their positions, and 13 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 21
0.02% more ownership
Funds ownership: 22.35% → 22.38% (+0.02%)
1% less capital invested
Capital invested by funds: $171M → $169M (-$1.82M)
8% less funds holding
Funds holding: 74 → 68 (-6)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.17M |
| 2 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$1.17M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$894K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$693K |
| 5 |
BWM
BerganKDV Wealth Management
Bloomington,
Minnesota
|
+$657K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRWM
B. Riley Wealth Management
Memphis,
Tennessee
|
-$2.1M |
| 2 |
Morgan Stanley
New York
|
-$1.05M |
| 3 |
MFG
Magnus Financial Group
New York
|
-$350K |
| 4 |
Cerity Partners
New York
|
-$272K |
| 5 |
LNWWM
Laird Norton Wetherby Wealth Management
San Francisco,
California
|
-$266K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$16K | -600 | Closed |
|
|
PWPS
77
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$11K | -421 | Closed |
|
78
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$5K | -200 | Closed |
|
79
Fidelity Investments
Boston,
Massachusetts
| – | +$26 | +1 | New |
|
LDP Hedge Fund Activity: Q1 2021 in Review
68 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Duration Preferred & Income Fund (LDP) for Q1 2021, worth a combined $169M — down 1.1% from $171M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of LDP and 9 opened new positions — a net loss of 4 holders — while 21 trimmed existing stakes and 25 added.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $1.17M. The largest seller was B. Riley Wealth Management, exiting entirely with an estimated $2.1M sold.
- 68 institutional investors held Cohen & Steers Duration Preferred & Income Fund (LDP) as of Q1 2021, down from 74 in Q4 2020.
- Funds reported $169M of Cohen & Steers Duration Preferred & Income Fund stock for Q1 2021, down 1.1% quarter-over-quarter.
- 9 funds opened new Cohen & Steers Duration Preferred & Income Fund positions in Q1 2021 and 13 closed out, a net change of -4 holders.
- The largest Cohen & Steers Duration Preferred & Income Fund buyer in Q1 2021 was Shaker Financial Services, an estimated $1.17M added.
- The largest Cohen & Steers Duration Preferred & Income Fund seller in Q1 2021 was B. Riley Wealth Management, an estimated $2.1M sold.
Based on aggregated 13F filings for Q1 2021.