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DNP Select Income Fund
DNP

134 hedge funds and large institutions have $102M invested in DNP Select Income Fund in 2016 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 50 increasing their positions, 34 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 34

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.29% less ownership

Funds ownership: 3.69% → 3.4% (-0.29%)

2% less capital invested

Capital invested by funds: $104M → $102M (-$1.83M)

2% less funds holding

Funds holding: 137 → 134 (-3)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

Holders
134
Holders Change
-3
Holders Change %
-2.19%
% of All Funds
3.58%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
50
Reduced
34
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$925K
2
SCM
Southport Capital Management
Tennessee
+$832K
3
IA
IFP Advisors
Florida
+$775K
4
Wells Fargo
Wells Fargo
California
+$585K
5
CCB
Cutter & Co Brokerage
Missouri
+$507K

Top Sellers

1
LPL Financial
LPL Financial
California
-$9.6M
2
IP
Investment Partners
Ohio
-$2.23M
3
GC
Guggenheim Capital
Illinois
-$1.18M
4
AIG
American International Group
New York
-$616K
5
AA
Apriem Advisors
California
-$474K
Name Holding Trade Value Shares
Change 		Change in
Stake
SNT
126
Security National Trust
West Virginia
$11K – – –
TIM
127
Tortoise Investment Management
New York
$11K – – –
First Manhattan
128
First Manhattan
New York
$10K – – –
WA
129
WFG Advisors
Texas
$10K +$9.35K +912 New
FANJ
130
Financial Architects (New Jersey)
New Jersey
$7K +$3.33K +325 +100%
DAM
131
Delta Asset Management
Tennessee
$6K – – –
WAS
132
Winch Advisory Services
Wisconsin
$6K +$113 +11 +2%
AIM
133
Anchor Investment Management
South Carolina
$2.4K – – –
HR
134
Howe & Rusling
New York
$1K – – –
AIG
135
American International Group
New York
– -$616K -61,622 Closed
Janney Montgomery Scott
136
Janney Montgomery Scott
Pennsylvania
– -$458K -45,833 Closed
MWM
137
Modera Wealth Management
New Jersey
– -$111K -11,066 Closed
TFA
138
Transamerica Financial Advisors
Florida
– -$71K -7,059 Closed
UFA
139
US Financial Advisors
Massachusetts
– -$25K -2,500 Closed
BIM
140
BlackRock Investment Management
Delaware
– -$18K -1,761 Closed
M
141
MOTCO
Texas
– -$16K -1,635 Closed
Envestnet Asset Management
142
Envestnet Asset Management
Illinois
– -$11K -1,053 Closed
MWP
143
MYCIO Wealth Partners
Pennsylvania
– -$10K -1,000 Closed
CTC
144
Central Trust Company
Missouri
– -$6K -600 Closed
MPWT
145
MassMutual Private Wealth & Trust
Connecticut
– -$4.8K -480 Closed
TRCT
146
Tower Research Capital (TRC)
New York
– -$1K -77 Closed
VWM
147
Valley Wealth Managers
New Jersey
– +$31 +3 New
2 3 4 5
6

DNP Hedge Fund Activity: Q2 2016 in Review

134 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in DNP Select Income Fund (DNP) for Q2 2016, worth a combined $102M — down 1.8% from $104M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of DNP and 10 opened new positions — a net loss of 2 holders — while 34 trimmed existing stakes and 50 added.

The largest buyer was Cambridge Investment Research Advisors, adding an estimated $925K. The largest seller was LPL Financial, cutting an estimated $9.6M.

  • 134 institutional investors held DNP Select Income Fund (DNP) as of Q2 2016, down from 137 in Q1 2016.
  • Funds reported $102M of DNP Select Income Fund stock for Q2 2016, down 1.8% quarter-over-quarter.
  • 10 funds opened new DNP Select Income Fund positions in Q2 2016 and 12 closed out, a net change of -2 holders.
  • The largest DNP Select Income Fund buyer in Q2 2016 was Cambridge Investment Research Advisors, an estimated $925K added.
  • The largest DNP Select Income Fund seller in Q2 2016 was LPL Financial, an estimated $9.6M sold.

Based on aggregated 13F filings for Q2 2016.