DTF Tax-Free Income 2028 Term Fund
31 hedge funds and large institutions have $36.4M invested in DTF Tax-Free Income 2028 Term Fund in 2026 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
7% more capital invested
Capital invested by funds: $34M → $36.4M (+$2.45M)
2.9% more ownership
Funds ownership: 41.98% → 44.88% (+2.9%)
0% more funds holding
Funds holding: 31 → 31 (0)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.21M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$591K |
| 3 |
LPL Financial
San Diego,
California
|
+$282K |
| 4 |
4WM
49 Wealth Management
Austin,
Texas
|
+$255K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$475K |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$417K |
| 3 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$283K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$140K |
| 5 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
-$95K |
DTF Hedge Fund Activity: Q2 2026 in Review
31 of the 8,318 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q2 2026, worth a combined $36.4M — up 7.2% from $34M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new DTF positions and 3 closed out — a net gain of 1 holder — while 6 added to existing stakes and 10 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $2.21M. The largest seller was 1607 Capital Partners, cutting an estimated $475K.
- 31 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q2 2026, unchanged from Q1 2026.
- Funds reported $36.4M of DTF Tax-Free Income 2028 Term Fund stock for Q2 2026, up 7.2% quarter-over-quarter.
- 4 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q2 2026 and 3 closed out, a net change of +1 holder.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q2 2026 was Sit Investment Associates, an estimated $2.21M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q2 2026 was 1607 Capital Partners, an estimated $475K sold.
Based on aggregated 13F filings for Q2 2026.