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DPG

Duff & Phelps Utility and Infrastructure Fund
DPG

39 hedge funds and large institutions have $72.7M invested in Duff & Phelps Utility and Infrastructure Fund in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 8

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

14% more capital invested

Capital invested by funds: $63.8M → $72.7M (+$8.89M)

8% more funds holding

Funds holding: 36 → 39 (+3)

1.06% more ownership

Funds ownership: 9% → 10.05% (+1.1%)

Holders
39
Holders Change
+3
Holders Change %
+8.33%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
15
Reduced
8
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$3.78M
2
GC
Guggenheim Capital
Illinois
+$2.21M
3
Invesco
Invesco
Georgia
+$1.7M
4
PP
Paloma Partners
Connecticut
+$655K
5
TC
TFS Capital
Pennsylvania
+$591K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$1.44M
2
LNB
Ledyard National Bank
-$718K
3
DA
Doliver Advisors
Texas
-$583K
4
Bank of America
Bank of America
North Carolina
-$446K
5
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$247K
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$203K -$159K -8,370 -44%
HighTower Advisors
27
HighTower Advisors
Illinois
$195K +$194K +10,219 New
FFC
28
First Financial Corp
Indiana
$91K -$23.7K -1,250 -21%
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$67K – – –
DADC
30
D.A. Davidson & Co
Montana
$62K – – –
TJHA
31
Thomas J. Herzfeld Advisors
Florida
$46K – – –
Fifth Third Bancorp
32
Fifth Third Bancorp
Ohio
$29K +$28.5K +1,500 New
NES
33
New England Securities
New York
$22K +$21.8K +1,150 New
TRCT
34
Tower Research Capital (TRC)
New York
$20K +$11.8K +623 +155%
ECM
35
Exchange Capital Management
Michigan
$10K – – –
LFR
36
Lehman Financial Resources
Pennsylvania
$5K – – –
US Bancorp
37
US Bancorp
Minnesota
$5K – – –
MA
38
MUFG Americas
New York
$2K +$2.09K +110 New
AIG
39
American International Group
New York
$343 – – –
DA
40
Doliver Advisors
Texas
– -$583K -31,173 Closed
Janney Montgomery Scott
41
Janney Montgomery Scott
Pennsylvania
– -$247K -13,205 Closed
Ameriprise
42
Ameriprise
Minnesota
– -$90K -4,803 Closed
CFSG
43
Community Financial Services Group
Vermont
– -$15K -816 Closed
1
2

DPG Hedge Fund Activity: Q4 2013 in Review

39 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility and Infrastructure Fund (DPG) for Q4 2013, worth a combined $72.7M — up 14% from $63.8M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new DPG positions and 4 closed out — a net gain of 3 holders — while 15 added to existing stakes and 8 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $3.78M. The largest seller was Wells Fargo, cutting an estimated $1.44M.

  • 39 institutional investors held Duff & Phelps Utility and Infrastructure Fund (DPG) as of Q4 2013, up from 36 in Q3 2013.
  • Funds reported $72.7M of Duff & Phelps Utility and Infrastructure Fund stock for Q4 2013, up 14% quarter-over-quarter.
  • 7 funds opened new Duff & Phelps Utility and Infrastructure Fund positions in Q4 2013 and 4 closed out, a net change of +3 holders.
  • The largest Duff & Phelps Utility and Infrastructure Fund buyer in Q4 2013 was Advisors Asset Management, an estimated $3.78M added.
  • The largest Duff & Phelps Utility and Infrastructure Fund seller in Q4 2013 was Wells Fargo, an estimated $1.44M sold.

Based on aggregated 13F filings for Q4 2013.