DTF Tax-Free Income 2028 Term Fund
24 hedge funds and large institutions have $11.3M invested in DTF Tax-Free Income 2028 Term Fund in 2016 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 8 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 3
9% more capital invested
Capital invested by funds: $10.3M → $11.3M (+$973K)
0.28% less ownership
Funds ownership: 8.17% → 7.89% (-0.28%)
8% less funds holding
Funds holding: 26 → 24 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$912K |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$769K |
| 3 |
MSL
Mackay Shields LLC
New York
|
+$447K |
| 4 |
DWA
Douglass Winthrop Advisors
New York
|
+$232K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$137K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.04M |
| 2 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
-$514K |
| 3 |
Morgan Stanley
New York
|
-$450K |
| 4 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$276K |
| 5 |
LPL Financial
San Diego,
California
|
-$238K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KIM
26
Karpus Investment Management
Pittsford,
New York
| – | -$1.04M | -66,051 | Closed |
|
|
27
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$514K | -32,500 | Closed |
|
|
PCP
28
Proficio Capital Partners
Newton,
Massachusetts
| – | -$276K | -17,484 | Closed |
|
|
29
LPL Financial
San Diego,
California
| – | -$238K | -15,034 | Closed |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| – | -$181K | -11,502 | Closed |
|
|
TJHA
31
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$121K | -7,660 | Closed |
|
|
AIG
32
American International Group
New York
| – | -$24K | -1,500 | Closed |
|
|
GT
33
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$14K | -894 | Closed |
|
DTF Hedge Fund Activity: Q2 2016 in Review
24 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q2 2016, worth a combined $11.3M — up 9.5% from $10.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of DTF and 6 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 6 added.
The largest buyer was Advisors Asset Management, adding an estimated $912K. The largest seller was Karpus Investment Management, exiting entirely with an estimated $1.04M sold.
- 24 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q2 2016, down from 26 in Q1 2016.
- Funds reported $11.3M of DTF Tax-Free Income 2028 Term Fund stock for Q2 2016, up 9.5% quarter-over-quarter.
- 6 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q2 2016 and 8 closed out, a net change of -2 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q2 2016 was Advisors Asset Management, an estimated $912K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q2 2016 was Karpus Investment Management, an estimated $1.04M sold.
Based on aggregated 13F filings for Q2 2016.