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DUC

Duff & Phelps Utility & Corporate Bond Trust

Delisted

DUC was delisted on the 5th of March, 2021.

40 hedge funds and large institutions have $136M invested in Duff & Phelps Utility & Corporate Bond Trust in 2019 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 8 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 1

75% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 8

11% more funds holding

Funds holding: 3640 (+4)

4% more capital invested

Capital invested by funds: $131M → $136M (+$5.07M)

Holders
40
Holders Change
+4
Holders Change %
+11.11%
% of All Funds
0.87%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
14
Reduced
8
Closed
1
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$40.8M +$1.72M +199,016 +4%
SIA
2
Sit Investment Associates
Minnesota
$35.6M +$3.24M +374,241 +10%
Wells Fargo
3
Wells Fargo
California
$34.3M -$3.87M -446,807 -10%
1CP
4
1607 Capital Partners
Virginia
$14.6M +$1.55M +179,000 +12%
IA
5
Icon Advisers
Colorado
$3.02M +$753K +86,972 +34%
GC
6
Guggenheim Capital
Illinois
$1.12M +$52.9K +6,110 +5%
SFS
7
Shaker Financial Services
Virginia
$845K +$836K +96,598 New
UBS Group
8
UBS Group
Switzerland
$690K +$8.19K +946 +1%
TJHA
9
Thomas J. Herzfeld Advisors
Florida
$684K +$677K +78,189 New
Susquehanna International Group
10
Susquehanna International Group
Pennsylvania
$606K -$167K -19,283 -22%
DWM
11
Dakota Wealth Management
Florida
$596K +$83.1K +9,600 +16%
Lido Advisors
12
Lido Advisors
California
$384K -$161K -18,564 -30%
LPL Financial
13
LPL Financial
California
$336K +$25.1K +2,905 +8%
Bank of America
14
Bank of America
North Carolina
$299K -$28.8K -3,330 -9%
Morgan Stanley
15
Morgan Stanley
New York
$290K +$4.81K +556 +2%
FHA
16
First Horizon Advisors
Tennessee
$226K +$224K +25,875 New
FIA
17
FNY Investment Advisers
New York
$192K +$190K +22,009 New
FNT
18
First Nebraska Trust
Nebraska
$168K
WAM
19
Wolverine Asset Management
Illinois
$165K +$99.4K +11,489 +155%
LCM
20
Landscape Capital Management
New Jersey
$156K -$30.1K -3,475 -16%
RFM
21
Royal Fund Management
Florida
$122K
HSA
22
HBK Sorce Advisory
Pennsylvania
$113K
Mariner
23
Mariner
Kansas
$110K +$459 +53 +0.4%
HKAM
24
Horizon Kinetics Asset Management
New York
$109K -$8.22K -950 -7%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$105K +$1.21K +140 +1%

DUC Hedge Fund Activity: Q2 2019 in Review

40 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q2 2019, worth a combined $136M — up 3.9% from $131M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new DUC positions and 1 closed out — a net gain of 4 holders — while 14 added to existing stakes and 8 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $3.24M. The largest seller was Wells Fargo, cutting an estimated $3.87M.

  • 40 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q2 2019, up from 36 in Q1 2019.
  • Funds reported $136M of Duff & Phelps Utility & Corporate Bond Trust stock for Q2 2019, up 3.9% quarter-over-quarter.
  • 5 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q2 2019 and 1 closed out, a net change of +4 holders.
  • The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q2 2019 was Sit Investment Associates, an estimated $3.24M added.
  • The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q2 2019 was Wells Fargo, an estimated $3.87M sold.

Based on aggregated 13F filings for Q2 2019.