Dividend and Income Fund
DNI
DNI was delisted on the 8th of October, 2020.
8 hedge funds and large institutions have $11.6M invested in Dividend and Income Fund in 2020 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 32 closing their positions.
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
75% less capital invested
Capital invested by funds: $45.9M → $11.6M (-$34.3M)
79% less funds holding
Funds holding: 38 → 8 (-30)
94% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 32
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$603K |
| 2 |
AC
Almitas Capital
Santa Monica,
California
|
+$279K |
| 3 |
CCM
Cutler Capital Management
Worcester,
Massachusetts
|
+$17.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WC
Winmill & Co
Rochester,
New York
|
-$11M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$3.67M |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$3.49M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.07M |
| 5 |
WP
WealthPLAN Partners
Omaha,
Nebraska
|
-$2.04M |
DNI Hedge Fund Activity: Q4 2020 in Review
8 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Dividend and Income Fund (DNI) for Q4 2020, worth a combined $11.6M — down 75% from $45.9M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of DNI and 2 opened new positions — a net loss of 30 holders — while 2 trimmed existing stakes and 1 added.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $603K. The largest seller was Winmill & Co, exiting entirely with an estimated $11M sold.
- 8 institutional investors held Dividend and Income Fund (DNI) as of Q4 2020, down from 38 in Q3 2020.
- Funds reported $11.6M of Dividend and Income Fund stock for Q4 2020, down 75% quarter-over-quarter.
- 2 funds opened new Dividend and Income Fund positions in Q4 2020 and 32 closed out, a net change of -30 holders.
- The largest Dividend and Income Fund buyer in Q4 2020 was Sit Investment Associates, an estimated $603K added.
- The largest Dividend and Income Fund seller in Q4 2020 was Winmill & Co, an estimated $11M sold.
Based on aggregated 13F filings for Q4 2020.