Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
36 hedge funds and large institutions have $110M invested in Duff & Phelps Utility & Corporate Bond Trust in 2018 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 10 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
10% more capital invested
Capital invested by funds: $100M → $110M (+$9.54M)
20% less funds holding
Funds holding: 45 → 36 (-9)
90% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$11.9M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.56M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$716K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$306K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$211K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$1.01M |
| 2 |
SG Americas Securities
New York
|
-$413K |
| 3 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$406K |
| 4 |
Janus Henderson Group
London,
|
-$265K |
| 5 |
MA
Menlo Advisors
Menlo Park,
California
|
-$221K |
DUC Hedge Fund Activity: Q1 2018 in Review
36 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q1 2018, worth a combined $110M — up 9.5% from $100M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of DUC and 1 opened new positions — a net loss of 9 holders — while 10 trimmed existing stakes and 12 added.
The largest buyer was Karpus Investment Management, adding an estimated $11.9M. The largest seller was Proficio Capital Partners, exiting entirely with an estimated $1.01M sold.
- 36 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q1 2018, down from 45 in Q4 2017.
- Funds reported $110M of Duff & Phelps Utility & Corporate Bond Trust stock for Q1 2018, up 9.5% quarter-over-quarter.
- 1 fund opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q1 2018 and 10 closed out, a net change of -9 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q1 2018 was Karpus Investment Management, an estimated $11.9M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q1 2018 was Proficio Capital Partners, an estimated $1.01M sold.
Based on aggregated 13F filings for Q1 2018.