Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
38 hedge funds and large institutions have $91.5M invested in Duff & Phelps Utility & Corporate Bond Trust in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
6% more funds holding
Funds holding: 36 → 38 (+2)
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
1% less capital invested
Capital invested by funds: $92.8M → $91.5M (-$1.29M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.21M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$665K |
| 3 |
LCM
Laurion Capital Management
New York
|
+$358K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$77.9K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$74.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$832K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$425K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$225K |
| 4 |
Morgan Stanley
New York
|
-$63.6K |
| 5 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$43.9K |
DUC Hedge Fund Activity: Q1 2017 in Review
38 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q1 2017, worth a combined $91.5M — down 1.4% from $92.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DUC positions and 2 closed out — a net gain of 3 holders — while 12 added to existing stakes and 11 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $1.21M. The largest seller was Fiera Capital (Canada), exiting entirely with an estimated $832K sold.
- 38 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q1 2017, up from 36 in Q4 2016.
- Funds reported $91.5M of Duff & Phelps Utility & Corporate Bond Trust stock for Q1 2017, down 1.4% quarter-over-quarter.
- 5 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q1 2017 and 2 closed out, a net change of +3 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q1 2017 was Shaker Financial Services, an estimated $1.21M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q1 2017 was Fiera Capital (Canada), an estimated $832K sold.
Based on aggregated 13F filings for Q1 2017.