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DNP Select Income Fund

DNP

Market cap $4.17B

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

Increased

Reduced

Closed

Calls

–

Puts

–

Net Calls

–

Net Calls Change

–

Top Buyers

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

Top Sellers

1	RJA Raymond James & Associates St Petersburg, Florida	-$2.95M
2	SG Americas Securities New York	-$1.89M
3	Cohen & Steers New York	-$1.7M
4	VKH Virtu KCG Holdings New York	-$542K
5	Morgan Stanley New York	-$289K

#	Name	Holding	Trade Value	Shares Change	Change in Stake
1	1 LPL Financial San Diego, California	$36.5M	+$7.69M	+798,674	+27%
2	2 Invesco Atlanta, Georgia	$12.5M	-$65.3K	-6,782	-0.5%
3	U 3 UBS Zurich, Switzerland	$7.79M	+$706K	+73,293	+10%
4	4 Morgan Stanley New York	$7.49M	-$289K	-29,979	-4%
5	5 US Bancorp Minneapolis, Minnesota	$6.31M	-$37.4K	-3,882	-0.6%
6	6 Bank of America Charlotte, North Carolina	$3.67M	+$35.9K	+3,723	+1%
7	7 Royal Bank of Canada Toronto, Ontario, Canada	$3.44M	-$78.6K	-8,159	-2%
8	GC 8 Guggenheim Capital Chicago, Illinois	$2.62M	-$136K	-14,106	-5%
9	9 Cohen & Steers New York	$2.15M	-$1.7M	-176,291	-45%
10	BF 10 BOK Financial Tulsa, Oklahoma	$2.07M	-$27.8K	-2,886	-1%
11	ACP 11 Aviance Capital Partners Naples, Florida	$2.03M	+$280K	+29,100	+16%
12	YCM 12 Yakira Capital Management Westport, Connecticut	$1.85M	+$138K	+14,313	+8%
13	13 Commonwealth Equity Services Waltham, Massachusetts	$1.85M	+$16.9K	+1,759	+0.9%
14	14 Wells Fargo San Francisco, California	$1.73M	+$5.58K	+579	+0.3%
15	VKH 15 Virtu KCG Holdings New York	$1.71M	-$542K	-56,280	-24%
16	WPC 16 Waters Parkerson & Co New Orleans, Louisiana	$1.41M	-$215K	-22,300	-13%
17	BTS 17 BB&T Securities Richmond, Virginia	$1.36M	+$28.3K	+2,938	+27%
18	CA 18 Cetera Advisors Denver, Colorado	$1.26M	-$108K	-11,187	-8%
19	NCM 19 Noesis Capital Mangement Boca Raton, Florida	$1.1M	-$114K	-11,880	-10%
20	BA 20 Bennicas & Associates Portola Valley, California	$1.07M	-$96.3K	-9,990	-8%
21	CAN 21 Cetera Advisor Networks El Segundo, California	$976K	+$124K	+12,870	+15%
22	SI 22 SII Investments Appleton, Wisconsin	$943K	-$89K	-9,236	-9%
23	CBB 23 Citizens Business Bank Ontario, California	$940K	-$194K	-20,174	-17%
24	24 Bank of Montreal Toronto, Ontario, Canada	$884K	+$38.2K	+3,960	+5%
25	FNBT 25 FineMark National Bank & Trust Fort Myers, Florida	$849K	+$692K	+71,830	+485%

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.

DNP Select Income Fund DNP Market cap $4.17B