Duff & Phelps Utility & Corporate Bond Trust
DUC
DUC was delisted on the 5th of March, 2021.
36 hedge funds and large institutions have $171M invested in Duff & Phelps Utility & Corporate Bond Trust in 2020 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 8 closing their positions.
8% more capital invested
Capital invested by funds: $158M → $171M (+$12.5M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 39 → 36 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$4.82M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.46M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$3.08M |
| 4 |
SCM
Saba Capital Management
New York
|
+$418K |
| 5 |
Lido Advisors
Los Angeles,
California
|
+$405K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.38M |
| 2 |
SCM
Shelton Capital Management
Denver,
Colorado
|
-$3.09M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$2.78M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$569K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$484K |
DUC Hedge Fund Activity: Q4 2020 in Review
36 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Duff & Phelps Utility & Corporate Bond Trust (DUC) for Q4 2020, worth a combined $171M — up 7.9% from $158M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of DUC and 5 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 6 added.
The largest buyer was Sit Investment Associates, adding an estimated $4.82M. The largest seller was Karpus Investment Management, cutting an estimated $5.38M.
- 36 institutional investors held Duff & Phelps Utility & Corporate Bond Trust (DUC) as of Q4 2020, down from 39 in Q3 2020.
- Funds reported $171M of Duff & Phelps Utility & Corporate Bond Trust stock for Q4 2020, up 7.9% quarter-over-quarter.
- 5 funds opened new Duff & Phelps Utility & Corporate Bond Trust positions in Q4 2020 and 8 closed out, a net change of -3 holders.
- The largest Duff & Phelps Utility & Corporate Bond Trust buyer in Q4 2020 was Sit Investment Associates, an estimated $4.82M added.
- The largest Duff & Phelps Utility & Corporate Bond Trust seller in Q4 2020 was Karpus Investment Management, an estimated $5.38M sold.
Based on aggregated 13F filings for Q4 2020.