DNP Select Income Fund
246 hedge funds and large institutions have $238M invested in DNP Select Income Fund in 2021 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 90 increasing their positions, 55 reducing their positions, and 26 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 55
0.7% less ownership
Funds ownership: 7.3% → 6.6% (-0.7%)
5% less funds holding
Funds holding: 258 → 246 (-12)
8% less capital invested
Capital invested by funds: $259M → $238M (-$20.8M)
35% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.21M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$1.32M |
| 3 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
+$1.15M |
| 4 |
WAOI
Wealth Advisors of Iowa
West Des Moines,
Iowa
|
+$838K |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$771K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$27.3M |
| 2 |
GWM
GSB Wealth Management
Guilford,
Connecticut
|
-$3.03M |
| 3 |
SDAM
Shulman DeMeo Asset Management
Lake Success,
New York
|
-$1.33M |
| 4 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
-$717K |
| 5 |
PWM
PRW Wealth Management
Quincy,
Massachusetts
|
-$705K |
DNP Hedge Fund Activity: Q3 2021 in Review
246 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in DNP Select Income Fund (DNP) for Q3 2021, worth a combined $238M — down 8% from $259M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of DNP and 17 opened new positions — a net loss of 9 holders — while 55 trimmed existing stakes and 90 added.
The largest buyer was Morgan Stanley, adding an estimated $5.21M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $27.3M sold.
- 246 institutional investors held DNP Select Income Fund (DNP) as of Q3 2021, down from 258 in Q2 2021.
- Funds reported $238M of DNP Select Income Fund stock for Q3 2021, down 8% quarter-over-quarter.
- 17 funds opened new DNP Select Income Fund positions in Q3 2021 and 26 closed out, a net change of -9 holders.
- The largest DNP Select Income Fund buyer in Q3 2021 was Morgan Stanley, an estimated $5.21M added.
- The largest DNP Select Income Fund seller in Q3 2021 was Karpus Investment Management, an estimated $27.3M sold.
Based on aggregated 13F filings for Q3 2021.