DTF Tax-Free Income 2028 Term Fund
30 hedge funds and large institutions have $24.9M invested in DTF Tax-Free Income 2028 Term Fund in 2018 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
24% more capital invested
Capital invested by funds: $20.1M → $24.9M (+$4.88M)
5.11% more ownership
Funds ownership: 17.67% → 22.78% (+5.1%)
0% more funds holding
Funds holding: 30 → 30 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.32M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$971K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$800K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$580K |
| 5 |
PAS
Park Avenue Securities
New York
|
+$265K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.6M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$246K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$181K |
| 4 |
WB
WesBanco Bank
Wheeling,
West Virginia
|
-$105K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$80.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TSS
26
Two Sigma Securities
New York
| $132K | +$135K | +10,290 | New |
|
|
QCIG
27
Quad-Cities Investment Group
Davenport,
Iowa
| $130K | +$1.24K | +94 | +0.9% |
|
28
UBS Group
Zurich,
Switzerland
| $52K | -$52K | -3,955 | -49% |
|
|
SWM
29
SeaCrest Wealth Management
Purchase,
New York
| $20K | – | – | – |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| $5K | -$26.2K | -1,996 | -84% |
|
|
RCM
31
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$1.6M | -119,996 | Closed |
|
|
TJHA
32
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$246K | -18,445 | Closed |
|
|
DA
33
Doliver Advisors
Houston,
Texas
| – | -$181K | -13,564 | Closed |
|
|
BC
34
Bartlett & Co
Cincinnati,
Ohio
| – | -$27K | -2,000 | Closed |
|
|
BCWM
35
Bartlett & Co Wealth Management
Cincinnati,
Ohio
| – | -$26.7K | -2,000 | Closed |
|
|
STA
36
Summit Trail Advisors
New York
| – | -$15K | -1,153 | Closed |
|
DTF Hedge Fund Activity: Q3 2018 in Review
30 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q3 2018, worth a combined $24.9M — up 24% from $20.1M a quarter earlier.
Fund positioning in DTF was balanced in Q3 2018: 6 funds opened new positions, 6 closed out, 12 added to existing stakes and 8 trimmed.
The largest buyer was Wells Fargo, adding an estimated $4.32M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.6M sold.
- 30 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q3 2018, unchanged from Q2 2018.
- Funds reported $24.9M of DTF Tax-Free Income 2028 Term Fund stock for Q3 2018, up 24% quarter-over-quarter.
- 6 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q3 2018 and 6 closed out, a net change of 0 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q3 2018 was Wells Fargo, an estimated $4.32M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q3 2018 was Robinson Capital Management, an estimated $1.6M sold.
Based on aggregated 13F filings for Q3 2018.