DTF Tax-Free Income 2028 Term Fund
27 hedge funds and large institutions have $11.6M invested in DTF Tax-Free Income 2028 Term Fund in 2015 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
42% more funds holding
Funds holding: 19 → 27 (+8)
13% more capital invested
Capital invested by funds: $10.3M → $11.6M (+$1.38M)
0.59% more ownership
Funds ownership: 8.98% → 9.57% (+0.59%)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$485K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$405K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$236K |
| 4 |
LPL Financial
San Diego,
California
|
+$224K |
| 5 |
LCM
Laurion Capital Management
New York
|
+$149K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$495K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$314K |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$260K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$238K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$201K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GT
26
Glenmede Trust
Philadelphia,
Pennsylvania
| $13K | – | – | – |
|
|
N
27
Nuveen
Charlotte,
North Carolina
| $684 | -$260K | -17,402 | -28% |
|
|
VKH
28
Virtu KCG Holdings
New York
| – | -$201K | -13,755 | Closed |
|
29
Bank of America
Charlotte,
North Carolina
| – | -$14K | -975 | Closed |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$7K | -500 | Closed |
|
DTF Hedge Fund Activity: Q4 2015 in Review
27 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q4 2015, worth a combined $11.6M — up 13% from $10.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new DTF positions and 3 closed out — a net gain of 8 holders — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Fifth Third Bancorp, opening a new position worth an estimated $485K. The largest seller was Karpus Investment Management, cutting an estimated $495K.
- 27 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q4 2015, up from 19 in Q3 2015.
- Funds reported $11.6M of DTF Tax-Free Income 2028 Term Fund stock for Q4 2015, up 13% quarter-over-quarter.
- 11 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q4 2015 and 3 closed out, a net change of +8 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q4 2015 was Fifth Third Bancorp, an estimated $485K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q4 2015 was Karpus Investment Management, an estimated $495K sold.
Based on aggregated 13F filings for Q4 2015.