Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
36 hedge funds and large institutions have $131M invested in Duff & Phelps Utility & Corporate Bond Trust in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 5 reducing their positions, and 7 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 5
6% more capital invested
Capital invested by funds: $123M → $131M (+$7.9M)
12% less funds holding
Funds holding: 41 → 36 (-5)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.69M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$842K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$315K |
| 4 |
RFM
Royal Fund Management
Lady Lake,
Florida
|
+$117K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$62.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.03M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$518K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$460K |
| 4 |
AGM
Alpine Global Management
New York
|
-$116K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$105K |
DUC Hedge Fund Activity: Q1 2019 in Review
36 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q1 2019, worth a combined $131M — up 6.4% from $123M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of DUC and 4 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 15 added.
The largest buyer was Karpus Investment Management, adding an estimated $3.69M. The largest seller was Sit Investment Associates, cutting an estimated $1.03M.
- 36 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q1 2019, down from 41 in Q4 2018.
- Funds reported $131M of Duff & Phelps Utility & Corporate Bond Trust stock for Q1 2019, up 6.4% quarter-over-quarter.
- 4 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q1 2019 and 7 closed out, a net change of -3 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q1 2019 was Karpus Investment Management, an estimated $3.69M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q1 2019 was Sit Investment Associates, an estimated $1.03M sold.
Based on aggregated 13F filings for Q1 2019.