Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.05M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$199K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$163K |
| 4 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
+$68.8K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$62.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.25M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$801K |
| 3 |
Morgan Stanley
New York
|
-$232K |
| 4 |
SG Americas Securities
New York
|
-$170K |
| 5 |
Goldman Sachs
New York
|
-$146K |
DUC Hedge Fund Activity: Q1 2014 in Review
33 of the 3,462 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.