Cohen & Steers Duration Preferred & Income Fund
LDP
75 hedge funds and large institutions have $167M invested in Cohen & Steers Duration Preferred & Income Fund in 2023 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 22 increasing their positions, 25 reducing their positions, and 10 closing their positions.
60% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 10
47% more capital invested
Capital invested by funds: $113M → $167M (+$53.4M)
8.15% more ownership
Funds ownership: 22.92% → 31.06% (+8.1%)
7% more funds holding
Funds holding: 70 → 75 (+5)
12% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$38.8M |
| 2 |
GCM
Glaxis Capital Management
Sarasota,
Florida
|
+$1.64M |
| 3 |
NW
NewEdge Wealth
Pittsburgh,
Pennsylvania
|
+$1.46M |
| 4 |
SF
Synovus Financial
Columbus,
Georgia
|
+$1.24M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$689K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.21M |
| 2 |
AU
Algebris (UK)
London,
United Kingdom
|
-$986K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$840K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$411K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$353K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AU
76
Algebris (UK)
London,
United Kingdom
| – | -$986K | -57,665 | Closed |
|
|
GLA
77
Good Life Advisors
Reading,
Pennsylvania
| – | -$320K | -18,774 | Closed |
|
78
HighTower Advisors
Chicago,
Illinois
| – | -$254K | -14,863 | Closed |
|
79
Millennium Management
New York
| – | -$171K | -10,027 | Closed |
|
|
WWP
80
WR Wealth Planners
Columbia,
Missouri
| – | -$88.8K | -5,200 | Closed |
|
|
HCM
81
Hollencrest Capital Management
Newport Beach,
California
| – | -$61.5K | -3,600 | Closed |
|
|
EC
82
Elequin Capital
New York
| – | -$34.9K | -2,044 | Closed |
|
|
CSPIA
83
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$6.83K | -400 | Closed |
|
84
Fidelity Investments
Boston,
Massachusetts
| – | -$17 | -1 | Closed |
|
LDP Hedge Fund Activity: Q4 2023 in Review
75 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Duration Preferred & Income Fund (LDP) for Q4 2023, worth a combined $167M — up 47% from $113M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new LDP positions and 10 closed out — a net gain of 6 holders — while 22 added to existing stakes and 25 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $38.8M. The largest seller was Bank of America, cutting an estimated $1.21M.
- 75 institutional investors held Cohen & Steers Duration Preferred & Income Fund (LDP) as of Q4 2023, up from 70 in Q3 2023.
- Funds reported $167M of Cohen & Steers Duration Preferred & Income Fund stock for Q4 2023, up 47% quarter-over-quarter.
- 16 funds opened new Cohen & Steers Duration Preferred & Income Fund positions in Q4 2023 and 10 closed out, a net change of +6 holders.
- The largest Cohen & Steers Duration Preferred & Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $38.8M added.
- The largest Cohen & Steers Duration Preferred & Income Fund seller in Q4 2023 was Bank of America, an estimated $1.21M sold.
Based on aggregated 13F filings for Q4 2023.