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DNP Select Income Fund
DNP

129 hedge funds and large institutions have $113M invested in DNP Select Income Fund in 2013 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 34 increasing their positions, 37 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 11

2% more funds holding

Funds holding: 126 → 129 (+3)

0.07% less ownership

Funds ownership: 4.37% → 4.3% (-0.07%)

3% less capital invested

Capital invested by funds: $116M → $113M (-$3.01M)

8% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 37

Holders
129
Holders Change
+3
Holders Change %
+2.38%
% of All Funds
4.18%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
16
Increased
34
Reduced
37
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$6.28M
2
U
UBS
Switzerland
+$2.8M
3
Morgan Stanley
Morgan Stanley
New York
+$1.44M
4
GC
Guggenheim Capital
Illinois
+$1.18M
5
CFB
Cullen/Frost Bankers
Texas
+$341K

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$5.42M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.69M
3
RJA
Raymond James & Associates
Florida
-$2.49M
4
SI
SII Investments
Wisconsin
-$881K
5
RW
Rand Wealth
Maryland
-$636K
Name Holding Trade Value Shares
Change 		Change in
Stake
SSB
101
Sandy Spring Bank
Maryland
$34K – – –
PFS
102
Penseco Financial Services
Pennsylvania
$29K – – –
OIA
103
Optimum Investment Advisors
Illinois
$26K +$27.2K +2,750 New
ClearBridge Investments
104
ClearBridge Investments
New York
$25K – – –
ATC
105
Adirondack Trust Company
New York
$24K – – –
LNB
106
Ledyard National Bank
$24K – – –
PAS
107
Partnervest Advisory Services
California
$22K – – –
CAPTRUST Financial Advisors
108
CAPTRUST Financial Advisors
North Carolina
$19K +$10.7K +1,076 +116%
RIA
109
Regal Investment Advisors
Michigan
$17K – – –
MCM
110
Manchester Capital Management
Vermont
$16K +$129 +13 +0.8%
QAM
111
QCI Asset Management
New York
$14K – – –
CA
112
CapWealth Advisors
Tennessee
$12K – – –
M&T Bank
113
M&T Bank
New York
$10K – – –
SNT
114
Security National Trust
West Virginia
$10K – – –
TWA
115
TCI Wealth Advisors
Arizona
$10K – – –
TSW
116
Thompson Siegel & Walmsley
Virginia
$10K – – –
TIM
117
Tortoise Investment Management
New York
$10K – – –
WCM
118
Windsor Capital Management
Arizona
$10K – – –
ACM
119
Aviance Capital Management
Florida
$10K +$9.91K +1,000 New
First Manhattan
120
First Manhattan
New York
$9K – – –
TRCT
121
Tower Research Capital (TRC)
New York
$8K -$47.1K -4,750 -86%
FBT
122
Founders Bank & Trust
Michigan
$7K – – –
DAM
123
Delta Asset Management
Tennessee
$6K – – –
FANJ
124
Financial Architects (New Jersey)
New Jersey
$6K – – –
FHC
125
First Houston Capital
Texas
$6K +$5.99K +605 New
2 3 4
5
6

DNP Hedge Fund Activity: Q3 2013 in Review

129 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in DNP Select Income Fund (DNP) for Q3 2013, worth a combined $113M — down 2.6% from $116M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new DNP positions and 11 closed out — a net gain of 5 holders — while 34 added to existing stakes and 37 trimmed.

The largest buyer was LPL Financial, adding an estimated $6.28M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $5.42M sold.

  • 129 institutional investors held DNP Select Income Fund (DNP) as of Q3 2013, up from 126 in Q2 2013.
  • Funds reported $113M of DNP Select Income Fund stock for Q3 2013, down 2.6% quarter-over-quarter.
  • 16 funds opened new DNP Select Income Fund positions in Q3 2013 and 11 closed out, a net change of +5 holders.
  • The largest DNP Select Income Fund buyer in Q3 2013 was LPL Financial, an estimated $6.28M added.
  • The largest DNP Select Income Fund seller in Q3 2013 was Rivernorth Capital Management, an estimated $5.42M sold.

Based on aggregated 13F filings for Q3 2013.