Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
34 hedge funds and large institutions have $61.5M invested in Duff & Phelps Utility & Corporate Bond Trust in 2015 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 4 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 9
16% more capital invested
Capital invested by funds: $53M → $61.5M (+$8.52M)
0% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 4
3% less funds holding
Funds holding: 35 → 34 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.48M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.56M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.2M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$630K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$556K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$299K |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
-$214K |
| 3 |
Morgan Stanley
New York
|
-$135K |
| 4 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$48.6K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$30.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Creative Planning
Overland Park,
Kansas
| $25K | – | – | – |
|
|
AIG
27
American International Group
New York
| $22.2K | – | – | – |
|
|
MFS
28
MSI Financial Services
Springfield,
Massachusetts
| $16K | +$15.6K | +1,600 | New |
|
29
US Bancorp
Minneapolis,
Minnesota
| $14K | – | – | – |
|
|
AP
30
Atwood & Palmer
Kansas City,
Missouri
| $10K | – | – | – |
|
|
NSIM
31
North Star Investment Management
Chicago,
Illinois
| $7K | – | – | – |
|
|
WA
32
WFG Advisors
Dallas,
Texas
| $4K | +$59 | +6 | +2% |
|
|
RPG
33
Risk Paradigm Group
Austin,
Texas
| $2.93K | +$2.93K | +300 | New |
|
34
Citigroup
New York
| $1K | -$23.6K | -2,422 | -94% |
|
|
35
SG Americas Securities
New York
| – | -$299K | -30,476 | Closed |
|
|
CPA
36
Cowen Prime Advisors
New York
| – | -$10K | -1,000 | Closed |
|
|
BRWA
37
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$5 | -500 | Closed |
|
DUC Hedge Fund Activity: Q1 2015 in Review
34 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q1 2015, worth a combined $61.5M — up 16% from $53M a quarter earlier.
Fund positioning in DUC was balanced in Q1 2015: 4 funds opened new positions, 4 closed out, 13 added to existing stakes and 9 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $4.48M. The largest seller was SG Americas Securities, exiting entirely with an estimated $299K sold.
- 34 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q1 2015, down from 35 in Q4 2014.
- Funds reported $61.5M of Duff & Phelps Utility & Corporate Bond Trust stock for Q1 2015, up 16% quarter-over-quarter.
- 4 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q1 2015 and 4 closed out, a net change of 0 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q1 2015 was Karpus Investment Management, an estimated $4.48M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q1 2015 was SG Americas Securities, an estimated $299K sold.
Based on aggregated 13F filings for Q1 2015.