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DNP Select Income Fund
DNP

134 hedge funds and large institutions have $130M invested in DNP Select Income Fund in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 37 increasing their positions, 33 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 33

0.03% less ownership

Funds ownership: 4.67% → 4.64% (-0.03%)

1% less funds holding

Funds holding: 135 → 134 (-1)

4% less capital invested

Capital invested by funds: $136M → $130M (-$5.86M)

8% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 12

Holders
134
Holders Change
-1
Holders Change %
-0.74%
% of All Funds
3.89%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
11
Increased
37
Reduced
33
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$531K
2
Morgan Stanley
Morgan Stanley
New York
+$446K
3
CNB
City National Bank
California
+$387K
4
U
UBS
Switzerland
+$367K
5
YCM
Yakira Capital Management
Connecticut
+$346K

Top Sellers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$835K
2
LPL Financial
LPL Financial
California
-$654K
3
Invesco
Invesco
Georgia
-$605K
4
VKH
Virtu KCG Holdings
New York
-$541K
5
Jane Street
Jane Street
New York
-$327K
Name Holding Trade Value Shares
Change 		Change in
Stake
AFIA
101
America First Investment Advisors
Nebraska
$51K – – –
SAM
102
Shamrock Asset Management
Texas
$51K – – –
FMII
103
Farmers & Merchants Investments Inc
Nebraska
$40K – – –
JFGIW
104
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$37K +$37.4K +3,653 New
GI
105
Gradient Investments
Minnesota
$32K – – –
ClearBridge Investments
106
ClearBridge Investments
New York
$31K – – –
PFSC
107
Peoples Financial Services Corp
Pennsylvania
$30K – – –
RAM
108
Riggs Asset Management
Pennsylvania
$30K +$30.5K +2,975 New
AAM
109
American Asset Management
Florida
$30K +$30.7K +3,000 New
OIA
110
Optimum Investment Advisors
Illinois
$28K – – –
ATC
111
Adirondack Trust Company
New York
$25K – – –
MA
112
MUFG Americas
New York
$23K – – –
BWFA
113
Baltimore-Washington Financial Advisors
Maryland
$20K – – –
MCM
114
Manchester Capital Management
Vermont
$17K – – –
QAM
115
QCI Asset Management
New York
$15K – – –
CA
116
CapWealth Advisors
Tennessee
$12K – – –
TWA
117
TCI Wealth Advisors
Arizona
$10K -$58.4K -5,700 -85%
AWM
118
Avior Wealth Management
Nebraska
$10K – – –
CG
119
Colony Group
Massachusetts
$10K – – –
First Manhattan
120
First Manhattan
New York
$10K – – –
SNT
121
Security National Trust
West Virginia
$10K – – –
TIM
122
Tortoise Investment Management
New York
$10K – – –
PTC
123
Private Trust Company
Ohio
$10K +$10.4K +1,020 New
WAS
124
Winch Advisory Services
Wisconsin
$9K +$184 +18 +2%
FBT
125
Founders Bank & Trust
Michigan
$8K – – –
2 3 4
5
6

DNP Hedge Fund Activity: Q3 2014 in Review

134 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in DNP Select Income Fund (DNP) for Q3 2014, worth a combined $130M — down 4.3% from $136M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of DNP and 11 opened new positions — a net loss of 1 holder — while 33 trimmed existing stakes and 37 added.

The largest buyer was Commonwealth Equity Services, adding an estimated $531K. The largest seller was Bank of Montreal, cutting an estimated $835K.

  • 134 institutional investors held DNP Select Income Fund (DNP) as of Q3 2014, down from 135 in Q2 2014.
  • Funds reported $130M of DNP Select Income Fund stock for Q3 2014, down 4.3% quarter-over-quarter.
  • 11 funds opened new DNP Select Income Fund positions in Q3 2014 and 12 closed out, a net change of -1 holder.
  • The largest DNP Select Income Fund buyer in Q3 2014 was Commonwealth Equity Services, an estimated $531K added.
  • The largest DNP Select Income Fund seller in Q3 2014 was Bank of Montreal, an estimated $835K sold.

Based on aggregated 13F filings for Q3 2014.