DTF Tax-Free Income 2028 Term Fund
21 hedge funds and large institutions have $5.9M invested in DTF Tax-Free Income 2028 Term Fund in 2013 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 4 reducing their positions, and 7 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 4
36% more capital invested
Capital invested by funds: $4.33M → $5.9M (+$1.58M)
1.49% more ownership
Funds ownership: 3.37% → 4.86% (+1.5%)
19% less funds holding
Funds holding: 26 → 21 (-5)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.12M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$421K |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$287K |
| 4 |
Goldman Sachs
New York
|
+$273K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$270K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$498K |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$243K |
| 3 |
LPL Financial
San Diego,
California
|
-$36.6K |
| 4 |
FM
Foster & Motley
Cincinnati,
Ohio
|
-$35.3K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$25.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Envestnet Asset Management
Chicago,
Illinois
| – | -$3K | -229 | Closed |
|
27
Nomura Holdings
Tokyo,
Japan
| – | -$2K | -134 | Closed |
|
DTF Hedge Fund Activity: Q3 2013 in Review
21 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q3 2013, worth a combined $5.9M — up 36% from $4.33M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of DTF and 2 opened new positions — a net loss of 5 holders — while 4 trimmed existing stakes and 10 added.
The largest buyer was Royal Bank of Canada, adding an estimated $1.12M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $498K sold.
- 21 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q3 2013, down from 26 in Q2 2013.
- Funds reported $5.9M of DTF Tax-Free Income 2028 Term Fund stock for Q3 2013, up 36% quarter-over-quarter.
- 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q3 2013 and 7 closed out, a net change of -5 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q3 2013 was Royal Bank of Canada, an estimated $1.12M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q3 2013 was Raymond James Financial Services Advisors, an estimated $498K sold.
Based on aggregated 13F filings for Q3 2013.