Cohen & Steers Duration Preferred & Income Fund
LDP
68 hedge funds and large institutions have $120M invested in Cohen & Steers Duration Preferred & Income Fund in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 19 reducing their positions, and 12 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 19
2.41% less ownership
Funds ownership: 25.59% → 23.18% (-2.4%)
8% less funds holding
Funds holding: 74 → 68 (-6)
16% less capital invested
Capital invested by funds: $143M → $120M (-$22.9M)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.26M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$717K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$561K |
| 4 |
Jane Street
New York
|
+$512K |
| 5 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$446K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bramshill Investments
Naples,
Florida
|
-$9.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.75M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.25M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.05M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$681K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EC
76
Elequin Capital
New York
| – | -$142K | -7,444 | Closed |
|
|
WAM
77
Wolverine Asset Management
Chicago,
Illinois
| – | -$10.2K | -536 | Closed |
|
78
JP Morgan Chase
New York
| – | -$7K | -390 | Closed |
|
|
IA
79
IFP Advisors
Tampa,
Florida
| – | -$10K | -250 | Closed |
|
LDP Hedge Fund Activity: Q1 2023 in Review
68 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Duration Preferred & Income Fund (LDP) for Q1 2023, worth a combined $120M — down 16% from $143M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of LDP and 8 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 23 added.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $1.26M. The largest seller was Bramshill Investments, cutting an estimated $9.7M.
- 68 institutional investors held Cohen & Steers Duration Preferred & Income Fund (LDP) as of Q1 2023, down from 74 in Q4 2022.
- Funds reported $120M of Cohen & Steers Duration Preferred & Income Fund stock for Q1 2023, down 16% quarter-over-quarter.
- 8 funds opened new Cohen & Steers Duration Preferred & Income Fund positions in Q1 2023 and 12 closed out, a net change of -4 holders.
- The largest Cohen & Steers Duration Preferred & Income Fund buyer in Q1 2023 was Thomas J. Herzfeld Advisors, an estimated $1.26M added.
- The largest Cohen & Steers Duration Preferred & Income Fund seller in Q1 2023 was Bramshill Investments, an estimated $9.7M sold.
Based on aggregated 13F filings for Q1 2023.