Cohen & Steers Duration Preferred & Income Fund
LDP
70 hedge funds and large institutions have $113M invested in Cohen & Steers Duration Preferred & Income Fund in 2023 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 9 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 15
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
4% more funds holding
Funds holding: 67 → 70 (+3)
0.36% more ownership
Funds ownership: 22.56% → 22.92% (+0.36%)
5% less capital invested
Capital invested by funds: $119M → $113M (-$5.93M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.54M |
| 2 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$1.14M |
| 3 |
Comerica Bank
Dallas,
Texas
|
+$1.08M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$785K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$691K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$3.95M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.09M |
| 3 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
-$622K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$400K |
| 5 |
DC
Davenport & Co
Richmond,
Virginia
|
-$274K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WOSD
76
WFA of San Diego
San Diego,
California
| – | -$10.6K | -580 | Closed |
|
77
JP Morgan Chase
New York
| – | -$5.08K | -279 | Closed |
|
|
EWA
78
EverSource Wealth Advisors
Birmingham,
Alabama
| – | -$127 | -7 | Closed |
|
|
BFEC
79
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | +$18 | +1 | New |
|
LDP Hedge Fund Activity: Q3 2023 in Review
70 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Duration Preferred & Income Fund (LDP) for Q3 2023, worth a combined $113M — down 5% from $119M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new LDP positions and 9 closed out — a net gain of 4 holders — while 25 added to existing stakes and 15 trimmed.
The largest buyer was AQR Arbitrage, adding an estimated $1.54M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $3.95M sold.
- 70 institutional investors held Cohen & Steers Duration Preferred & Income Fund (LDP) as of Q3 2023, up from 67 in Q2 2023.
- Funds reported $113M of Cohen & Steers Duration Preferred & Income Fund stock for Q3 2023, down 5% quarter-over-quarter.
- 13 funds opened new Cohen & Steers Duration Preferred & Income Fund positions in Q3 2023 and 9 closed out, a net change of +4 holders.
- The largest Cohen & Steers Duration Preferred & Income Fund buyer in Q3 2023 was AQR Arbitrage, an estimated $1.54M added.
- The largest Cohen & Steers Duration Preferred & Income Fund seller in Q3 2023 was Penserra Capital Management, an estimated $3.95M sold.
Based on aggregated 13F filings for Q3 2023.