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DNP Select Income Fund

222 hedge funds and large institutions have $177M invested in DNP Select Income Fund in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 70 increasing their positions, 59 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 59

17% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 18

0.48% less ownership

Funds ownership: 6.39%5.92% (-0.48%)

2% less funds holding

Funds holding: 226222 (-4)

27% less capital invested

Capital invested by funds: $244M → $177M (-$67M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
222
Holders Change
-4
Holders Change %
-1.77%
% of All Funds
4.89%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
21
Increased
70
Reduced
59
Closed
18
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$23.6M +$2.1M +175,498 +8%
AFA
2
American Financial Advisors
Georgia
$15.7M -$2.45M -204,421 -12%
Bank of America
3
Bank of America
North Carolina
$9.74M +$278K +23,181 +2%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$9.67M +$531K +44,253 +5%
Commonwealth Equity Services
5
Commonwealth Equity Services
Massachusetts
$8.37M -$548K -45,717 -5%
Cambridge Investment Research Advisors
6
Cambridge Investment Research Advisors
Iowa
$6.88M -$1.25M -104,143 -13%
LPL Financial
7
LPL Financial
California
$5.86M +$230K +19,144 +3%
UBS Group
8
UBS Group
Switzerland
$5.81M -$721K -60,145 -9%
Baird Financial Group
9
Baird Financial Group
Wisconsin
$5.76M -$2.9M -241,666 -29%
EVM
10
Eaton Vance Management
Massachusetts
$5.65M
Osaic Holdings
11
Osaic Holdings
Arizona
$5.2M +$6.5M +541,730 New
IWM
12
IHT Wealth Management
Illinois
$4.01M +$332K +27,709 +7%
MML Investors Services
13
MML Investors Services
Massachusetts
$3.54M -$884K -73,707 -17%
DADC
14
D.A. Davidson & Co
Montana
$3.06M +$1.35M +112,793 +57%
SVWAG
15
Sound View Wealth Advisors Group
Georgia
$2.91M +$503K +41,952 +16%
RJFSA
16
Raymond James Financial Services Advisors
Florida
$2.5M +$177K +14,731 +6%
Janney Montgomery Scott
17
Janney Montgomery Scott
Pennsylvania
$2.48M +$260K +21,684 +9%
WS
18
Wedbush Securities
California
$2.33M +$670K +55,828 +31%
RJA
19
Raymond James & Associates
Florida
$2.1M +$279K +23,253 +12%
ACP
20
Aviance Capital Partners
Florida
$1.76M -$255K -21,251 -11%
BCWM
21
Bartlett & Co Wealth Management
Ohio
$1.66M -$3K -250 -0.1%
BC
22
Bartlett & Co
Ohio
$1.65M +$2.02M +168,075 New
Wells Fargo
23
Wells Fargo
California
$1.49M -$587K -48,924 -24%
US Bancorp
24
US Bancorp
Minnesota
$1.47M -$43.1K -3,596 -2%
SDAM
25
Shulman DeMeo Asset Management
New York
$1.41M +$143K +11,962 +9%

DNP Hedge Fund Activity: Q1 2020 in Review

222 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in DNP Select Income Fund (DNP) for Q1 2020, worth a combined $177M — down 27% from $244M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new DNP positions and 18 closed out — a net gain of 3 holders — while 70 added to existing stakes and 59 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $2.1M. The largest seller was J.W. Cole Advisors, cutting an estimated $7.67M.

  • 222 institutional investors held DNP Select Income Fund (DNP) as of Q1 2020, down from 226 in Q4 2019.
  • Funds reported $177M of DNP Select Income Fund stock for Q1 2020, down 27% quarter-over-quarter.
  • 21 funds opened new DNP Select Income Fund positions in Q1 2020 and 18 closed out, a net change of +3 holders.
  • The largest DNP Select Income Fund buyer in Q1 2020 was Morgan Stanley, an estimated $2.1M added.
  • The largest DNP Select Income Fund seller in Q1 2020 was J.W. Cole Advisors, an estimated $7.67M sold.

Based on aggregated 13F filings for Q1 2020.