Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
32 hedge funds and large institutions have $158M invested in Duff & Phelps Utility & Corporate Bond Trust in 2020 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 5 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
11% more capital invested
Capital invested by funds: $141M → $158M (+$16.2M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11% less funds holding
Funds holding: 36 → 32 (-4)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$11.1M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.06M |
| 3 |
Lido Advisors
Los Angeles,
California
|
+$503K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$400K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$382K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$18.2M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$2.96M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$269K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$129K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$109K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SBL
26
Sargent Bickham Lagudis
Boulder,
Colorado
| $18K | – | – | – |
|
27
US Bancorp
Minneapolis,
Minnesota
| $13K | – | – | – |
|
|
RFA
28
Reilly Financial Advisors
La Mesa,
California
| $12K | – | – | – |
|
|
AIM
29
Anchor Investment Management
Columbia,
South Carolina
| $4.67K | – | – | – |
|
|
GWM
30
Geneos Wealth Management
Englewood,
Colorado
| $2K | – | – | – |
|
|
PAG
31
Private Advisor Group
Morristown,
New Jersey
| $1K | +$790 | +87 | New |
|
|
FIA
32
FNY Investment Advisers
New York
| – | -$106K | -12,681 | Closed |
|
|
CCP
33
Clough Capital Partners
Boston,
Massachusetts
| – | -$105K | -12,528 | Closed |
|
|
NFG
34
Next Financial Group
Houston,
Texas
| – | -$18K | -2,100 | Closed |
|
|
OPS
35
Orion Portfolio Solutions
Omaha,
Nebraska
| – | -$4K | -497 | Closed |
|
|
KFI
36
Key Financial Inc
West Chester,
Pennsylvania
| – | -$3K | -410 | Closed |
|
DUC Hedge Fund Activity: Q2 2020 in Review
32 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q2 2020, worth a combined $158M — up 11% from $141M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DUC and 1 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 10 added.
The largest buyer was Karpus Investment Management, adding an estimated $11.1M. The largest seller was Rivernorth Capital Management, cutting an estimated $18.2M.
- 32 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q2 2020, down from 36 in Q1 2020.
- Funds reported $158M of Duff & Phelps Utility & Corporate Bond Trust stock for Q2 2020, up 11% quarter-over-quarter.
- 1 fund opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q2 2020 and 5 closed out, a net change of -4 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q2 2020 was Karpus Investment Management, an estimated $11.1M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q2 2020 was Rivernorth Capital Management, an estimated $18.2M sold.
Based on aggregated 13F filings for Q2 2020.