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DNP Select Income Fund
DNP

128 hedge funds and large institutions have $124M invested in DNP Select Income Fund in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 31 increasing their positions, 40 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more capital invested

Capital invested by funds: $119M → $124M (+$5.13M)

0% more ownership

Funds ownership: 4.62% → 4.62% (+0%)

1% less funds holding

Funds holding: 129 → 128 (-1)

7% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 15

23% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 40

Holders
128
Holders Change
-1
Holders Change %
-0.78%
% of All Funds
3.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
31
Reduced
40
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LPL Financial
LPL Financial
California
+$7.69M
2
U
UBS
Switzerland
+$706K
3
FNBT
FineMark National Bank & Trust
Florida
+$692K
4
SIA
Sit Investment Associates
Minnesota
+$352K
5
ACP
Aviance Capital Partners
Florida
+$280K

Top Sellers

1
RJA
Raymond James & Associates
Florida
-$2.95M
2
SG Americas Securities
SG Americas Securities
New York
-$1.89M
3
Cohen & Steers
Cohen & Steers
New York
-$1.7M
4
VKH
Virtu KCG Holdings
New York
-$542K
5
Morgan Stanley
Morgan Stanley
New York
-$289K
Name Holding Trade Value Shares
Change 		Change in
Stake
OIA
101
Optimum Investment Advisors
Illinois
$27K – – –
ClearBridge Investments
102
ClearBridge Investments
New York
$26K – – –
ATC
103
Adirondack Trust Company
New York
$25K – – –
BRWM
104
B. Riley Wealth Management
Tennessee
$24K +$24.1K +2,500 New
Ameriprise
105
Ameriprise
Minnesota
$23K +$9.63K +1,000 +76%
PAS
106
Partnervest Advisory Services
California
$22K – – –
AWM
107
Avior Wealth Management
Nebraska
$20K +$19.3K +2,000 New
BWFA
108
Baltimore-Washington Financial Advisors
Maryland
$20K +$19.5K +2,019 New
MCM
109
Manchester Capital Management
Vermont
$17K – – –
QAM
110
QCI Asset Management
New York
$15K – – –
CA
111
CapWealth Advisors
Tennessee
$12K – – –
M&T Bank
112
M&T Bank
New York
$10K – – –
SNT
113
Security National Trust
West Virginia
$10K – – –
TSW
114
Thompson Siegel & Walmsley
Virginia
$10K – – –
TIM
115
Tortoise Investment Management
New York
$10K – – –
Northwestern Mutual Wealth Management
116
Northwestern Mutual Wealth Management
Wisconsin
$10K +$9.8K +1,017 New
First Manhattan
117
First Manhattan
New York
$9K – – –
WAS
118
Winch Advisory Services
Wisconsin
$9K +$8.46K +878 New
FBT
119
Founders Bank & Trust
Michigan
$8K – – –
WEC
120
Winslow Evans & Crocker
Massachusetts
$6.86K – – –
DAM
121
Delta Asset Management
Tennessee
$6K – – –
CTC
122
Central Trust Company
Missouri
$5K – – –
PSI
123
Pinnacle Summer Investments
Virginia
$5K +$4.85K +503 New
TRCT
124
Tower Research Capital (TRC)
New York
$4K -$17.4K -1,802 -82%
FIG
125
Fusion Investment Group
Pennsylvania
$4K +$3.57K +371 New
2 3 4
5
6

DNP Hedge Fund Activity: Q1 2014 in Review

128 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in DNP Select Income Fund (DNP) for Q1 2014, worth a combined $124M — up 4.3% from $119M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of DNP and 14 opened new positions — a net loss of 1 holder — while 40 trimmed existing stakes and 31 added.

The largest buyer was LPL Financial, adding an estimated $7.69M. The largest seller was Raymond James & Associates, cutting an estimated $2.95M.

  • 128 institutional investors held DNP Select Income Fund (DNP) as of Q1 2014, down from 129 in Q4 2013.
  • Funds reported $124M of DNP Select Income Fund stock for Q1 2014, up 4.3% quarter-over-quarter.
  • 14 funds opened new DNP Select Income Fund positions in Q1 2014 and 15 closed out, a net change of -1 holder.
  • The largest DNP Select Income Fund buyer in Q1 2014 was LPL Financial, an estimated $7.69M added.
  • The largest DNP Select Income Fund seller in Q1 2014 was Raymond James & Associates, an estimated $2.95M sold.

Based on aggregated 13F filings for Q1 2014.