DTF Tax-Free Income 2028 Term Fund
30 hedge funds and large institutions have $20.1M invested in DTF Tax-Free Income 2028 Term Fund in 2018 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 5 closing their positions.
27% more capital invested
Capital invested by funds: $15.9M → $20.1M (+$4.21M)
3.69% more ownership
Funds ownership: 13.97% → 17.67% (+3.7%)
3% less funds holding
Funds holding: 31 → 30 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.1M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.57M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$900K |
| 4 |
WB
WesBanco Bank
Wheeling,
West Virginia
|
+$502K |
| 5 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$320K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
-$535K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$487K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
-$213K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$164K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$107K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $32K | – | – | – |
|
|
BC
27
Bartlett & Co
Cincinnati,
Ohio
| $27K | – | – | – |
|
|
BCWM
28
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| $26.7K | – | – | – |
|
|
SWM
29
SeaCrest Wealth Management
Purchase,
New York
| $20K | -$2.11K | -160 | -9% |
|
|
STA
30
Summit Trail Advisors
New York
| $15K | +$15.2K | +1,153 | New |
|
|
AAM
31
Advisors Asset Management
Monument,
Colorado
| – | -$487K | -36,616 | Closed |
|
|
MC
32
Matisse Capital
Portland,
Oregon
| – | -$213K | -16,002 | Closed |
|
|
CAL
33
Capital Analysts LLC
Fort Washington,
Pennsylvania
| – | -$28K | -2,082 | Closed |
|
|
IA
34
IFP Advisors
Tampa,
Florida
| – | -$28K | -2,000 | Closed |
|
35
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$7K | -524 | Closed |
|
DTF Hedge Fund Activity: Q2 2018 in Review
30 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q2 2018, worth a combined $20.1M — up 27% from $15.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DTF and 4 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 7 added.
The largest buyer was Wells Fargo, adding an estimated $2.1M. The largest seller was Geode Capital Management, cutting an estimated $535K.
- 30 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q2 2018, down from 31 in Q1 2018.
- Funds reported $20.1M of DTF Tax-Free Income 2028 Term Fund stock for Q2 2018, up 27% quarter-over-quarter.
- 4 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q2 2018 and 5 closed out, a net change of -1 holder.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q2 2018 was Wells Fargo, an estimated $2.1M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q2 2018 was Geode Capital Management, an estimated $535K sold.
Based on aggregated 13F filings for Q2 2018.