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 |
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.