Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
34 hedge funds and large institutions have $87.7M invested in Duff & Phelps Utility & Corporate Bond Trust in 2016 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 10 closing their positions.
9% more capital invested
Capital invested by funds: $80.6M → $87.7M (+$7.09M)
11% less funds holding
Funds holding: 38 → 34 (-4)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.57M |
| 2 |
SIA
SeaBridge Investment Advisors
Summit,
New Jersey
|
+$1.4M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$310K |
| 4 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$254K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$241K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$584K |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$311K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$280K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$204K |
| 5 |
SG Americas Securities
New York
|
-$191K |
DUC Hedge Fund Activity: Q1 2016 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 2016, worth a combined $87.7M — up 8.8% from $80.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of DUC and 6 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 9 added.
The largest buyer was 1607 Capital Partners, adding an estimated $2.57M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $584K sold.
- 34 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q1 2016, down from 38 in Q4 2015.
- Funds reported $87.7M of Duff & Phelps Utility & Corporate Bond Trust stock for Q1 2016, up 8.8% quarter-over-quarter.
- 6 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q1 2016 and 10 closed out, a net change of -4 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q1 2016 was 1607 Capital Partners, an estimated $2.57M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q1 2016 was Laurion Capital Management, an estimated $584K sold.
Based on aggregated 13F filings for Q1 2016.