DTF Tax-Free Income 2028 Term Fund
26 hedge funds and large institutions have $10.3M invested in DTF Tax-Free Income 2028 Term Fund in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 5 reducing their positions, and 5 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 5
1.4% less ownership
Funds ownership: 9.57% → 8.17% (-1.4%)
4% less funds holding
Funds holding: 27 → 26 (-1)
12% less capital invested
Capital invested by funds: $11.6M → $10.3M (-$1.35M)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$214K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$154K |
| 3 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$136K |
| 4 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$91.9K |
| 5 |
Morgan Stanley
New York
|
+$91.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$652K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$541K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$418K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$410K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$245K |
DTF Hedge Fund Activity: Q1 2016 in Review
26 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q1 2016, worth a combined $10.3M — down 12% from $11.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DTF and 4 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 9 added.
The largest buyer was Raymond James & Associates, adding an estimated $214K. The largest seller was Advisors Asset Management, cutting an estimated $652K.
- 26 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q1 2016, down from 27 in Q4 2015.
- Funds reported $10.3M of DTF Tax-Free Income 2028 Term Fund stock for Q1 2016, down 12% quarter-over-quarter.
- 4 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q1 2016 and 5 closed out, a net change of -1 holder.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q1 2016 was Raymond James & Associates, an estimated $214K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q1 2016 was Advisors Asset Management, an estimated $652K sold.
Based on aggregated 13F filings for Q1 2016.