Cohen & Steers Duration Preferred & Income Fund
LDP
31 hedge funds and large institutions have $91.4M invested in Cohen & Steers Duration Preferred & Income Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 7 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
18% more capital invested
Capital invested by funds: $77.3M → $91.4M (+$14.1M)
1.42% more ownership
Funds ownership: 9.84% → 11.26% (+1.4%)
9% less funds holding
Funds holding: 34 → 31 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$6.66M |
| 2 |
Morgan Stanley
New York
|
+$4.82M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$3.54M |
| 4 |
EML
Eos Management LP
New York
|
+$1.27M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.59M |
| 2 |
SCM
Saba Capital Management
New York
|
-$2.16M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.17M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.12M |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$663K |
LDP Hedge Fund Activity: Q2 2014 in Review
31 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Cohen & Steers Duration Preferred & Income Fund (LDP) for Q2 2014, worth a combined $91.4M — up 18% from $77.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of LDP and 4 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was UBS, adding an estimated $6.66M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.59M sold.
- 31 institutional investors held Cohen & Steers Duration Preferred & Income Fund (LDP) as of Q2 2014, down from 34 in Q1 2014.
- Funds reported $91.4M of Cohen & Steers Duration Preferred & Income Fund stock for Q2 2014, up 18% quarter-over-quarter.
- 4 funds opened new Cohen & Steers Duration Preferred & Income Fund positions in Q2 2014 and 7 closed out, a net change of -3 holders.
- The largest Cohen & Steers Duration Preferred & Income Fund buyer in Q2 2014 was UBS, an estimated $6.66M added.
- The largest Cohen & Steers Duration Preferred & Income Fund seller in Q2 2014 was Rivernorth Capital Management, an estimated $2.59M sold.
Based on aggregated 13F filings for Q2 2014.