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DUC

Duff & Phelps Utility & Corporate Bond Trust
DUC

Delisted

DUC was delisted on the 5th of March, 2021.

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33 hedge funds and large institutions have $29.4M invested in Duff & Phelps Utility & Corporate Bond Trust in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 12 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more capital invested

Capital invested by funds: $25.5M → $29.4M (+$3.88M)

15% less funds holding

Funds holding: 39 → 33 (-6)

17% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 12

75% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 8

Holders
33
Holders Change
-6
Holders Change %
-15.38%
% of All Funds
0.95%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
10
Reduced
12
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$6.05M
2
Wells Fargo
Wells Fargo
California
+$199K
3
GC
Guggenheim Capital
Illinois
+$163K
4
ICOA
Investment Centers of America
North Dakota
+$68.8K
5
Invesco
Invesco
Georgia
+$62.5K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$1.25M
2
SFS
Shaker Financial Services
Virginia
-$801K
3
Morgan Stanley
Morgan Stanley
New York
-$232K
4
SG Americas Securities
SG Americas Securities
New York
-$170K
5
Goldman Sachs
Goldman Sachs
New York
-$146K
Name Holding Trade Value Shares
Change 		Change in
Stake
NSIM
26
North Star Investment Management
Illinois
$20K +$20.2K +1,945 New
NES
27
New England Securities
New York
$17K – – –
US Bancorp
28
US Bancorp
Minnesota
$14K – – –
CPA
29
Cowen Prime Advisors
New York
$10K – – –
QAM
30
QCI Asset Management
New York
$8K – – –
SNT
31
Security National Trust
West Virginia
$4K – – –
TRCT
32
Tower Research Capital (TRC)
New York
$3K -$4K -385 -55%
WA
33
WFG Advisors
Texas
$3K +$73 +7 +2%
WAM
34
Wolverine Asset Management
Illinois
– -$1.25M -124,431 Closed
SFS
35
Shaker Financial Services
Virginia
– -$801K -79,825 Closed
SG Americas Securities
36
SG Americas Securities
New York
– -$170K -16,990 Closed
Goldman Sachs
37
Goldman Sachs
New York
– -$146K -14,586 Closed
VKH
38
Virtu KCG Holdings
New York
– -$146K -14,542 Closed
LCM
39
Landscape Capital Management
New Jersey
– -$145K -14,487 Closed
KFS
40
KMS Financial Services
Washington
– -$143K -14,300 Closed
CFA
41
Carroll Financial Associates
North Carolina
– -$6K -667 Closed
1
2

DUC Hedge Fund Activity: Q1 2014 in Review

33 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q1 2014, worth a combined $29.4M — up 15% from $25.5M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of DUC and 2 opened new positions — a net loss of 6 holders — while 12 trimmed existing stakes and 10 added.

The largest buyer was Sit Investment Associates, adding an estimated $6.05M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.25M sold.

  • 33 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q1 2014, down from 39 in Q4 2013.
  • Funds reported $29.4M of Duff & Phelps Utility & Corporate Bond Trust stock for Q1 2014, up 15% quarter-over-quarter.
  • 2 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q1 2014 and 8 closed out, a net change of -6 holders.
  • The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q1 2014 was Sit Investment Associates, an estimated $6.05M added.
  • The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q1 2014 was Wolverine Asset Management, an estimated $1.25M sold.

Based on aggregated 13F filings for Q1 2014.