Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
32 hedge funds and large institutions have $76.1M invested in Duff & Phelps Utility & Corporate Bond Trust in 2015 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 6 closing their positions.
11% more capital invested
Capital invested by funds: $68.6M → $76.1M (+$7.46M)
11% less funds holding
Funds holding: 36 → 32 (-4)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.96M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.52M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.1M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.09M |
| 5 |
UFA
US Financial Advisors
Braintree,
Massachusetts
|
+$28.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$698K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$430K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$232K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$198K |
| 5 |
Morgan Stanley
New York
|
-$173K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFS
26
MSI Financial Services
Springfield,
Massachusetts
| $15K | – | – | – |
|
27
US Bancorp
Minneapolis,
Minnesota
| $13K | – | – | – |
|
|
BCM
28
Brookstone Capital Management
Wheaton,
Illinois
| $10K | – | – | – |
|
|
HCMT
29
Highland Capital Management (Tennessee)
Memphis,
Tennessee
| $9K | – | – | – |
|
|
NSIM
30
North Star Investment Management
Chicago,
Illinois
| $7K | – | – | – |
|
|
WA
31
WFG Advisors
Dallas,
Texas
| $4K | +$56 | +6 | +2% |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| $2K | -$430 | -46 | -19% |
|
|
WAM
33
Wolverine Asset Management
Chicago,
Illinois
| – | -$698K | -74,583 | Closed |
|
|
PPA
34
Parametric Portfolio Associates
Seattle,
Washington
| – | -$232K | -24,727 | Closed |
|
35
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$128K | -13,678 | Closed |
|
|
AP
36
Atwood & Palmer
Kansas City,
Missouri
| – | -$9K | -1,000 | Closed |
|
|
AA
37
Apriem Advisors
Irvine,
California
| – | -$7K | -700 | Closed |
|
DUC Hedge Fund Activity: Q3 2015 in Review
32 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q3 2015, worth a combined $76.1M — up 11% from $68.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DUC and 2 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 9 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.96M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $698K sold.
- 32 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q3 2015, down from 36 in Q2 2015.
- Funds reported $76.1M of Duff & Phelps Utility & Corporate Bond Trust stock for Q3 2015, up 11% quarter-over-quarter.
- 2 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q3 2015 and 6 closed out, a net change of -4 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q3 2015 was Karpus Investment Management, an estimated $2.96M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q3 2015 was Wolverine Asset Management, an estimated $698K sold.
Based on aggregated 13F filings for Q3 2015.