Dun & Bradstreet
DNB was delisted on the 25th of August, 2025.
204 hedge funds and large institutions have $4.8B invested in Dun & Bradstreet in 2023 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 89 increasing their positions, 58 reducing their positions, and 38 closing their positions.
3,304% more call options, than puts
Call options by funds: $953K | Put options by funds: $28K
53% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 58
21% more capital invested
Capital invested by funds: $3.98B → $4.8B (+$820M)
2.91% more ownership
Funds ownership: 90.58% → 93.49% (+2.9%)
6% less funds holding
Funds holding: 217 → 204 (-13)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
26% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$155M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$70.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$44.5M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$25.6M |
| 5 |
BlackRock
New York
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
THLTP
Thomas H. Lee (THL) Partners
Boston,
Massachusetts
|
-$136M |
| 2 |
SM
Sunriver Management
Greenwich,
Connecticut
|
-$38M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$14.4M |
| 4 |
Goldman Sachs
New York
|
-$12.1M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$9.05M |
DNB Hedge Fund Activity: Q4 2023 in Review
204 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Dun & Bradstreet (DNB) for Q4 2023, worth a combined $4.8B — up 21% from $3.98B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of DNB and 28 opened new positions — a net loss of 10 holders — while 58 trimmed existing stakes and 89 added.
The largest buyer was Morgan Stanley, adding an estimated $155M. The largest seller was Thomas H. Lee (THL) Partners, cutting an estimated $136M.
- 204 institutional investors held Dun & Bradstreet (DNB) as of Q4 2023, down from 217 in Q3 2023.
- Funds reported $4.8B of Dun & Bradstreet stock for Q4 2023, up 21% quarter-over-quarter.
- 28 funds opened new Dun & Bradstreet positions in Q4 2023 and 38 closed out, a net change of -10 holders.
- The largest Dun & Bradstreet buyer in Q4 2023 was Morgan Stanley, an estimated $155M added.
- The largest Dun & Bradstreet seller in Q4 2023 was Thomas H. Lee (THL) Partners, an estimated $136M sold.
Based on aggregated 13F filings for Q4 2023.