DTF Tax-Free Income 2028 Term Fund
31 hedge funds and large institutions have $30.1M invested in DTF Tax-Free Income 2028 Term Fund in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
21% more capital invested
Capital invested by funds: $24.9M → $30.1M (+$5.19M)
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
5.79% more ownership
Funds ownership: 22.78% → 28.57% (+5.8%)
3% more funds holding
Funds holding: 30 → 31 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.66M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.32M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.12M |
| 4 |
SCM
Saba Capital Management
New York
|
+$912K |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$693K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAS
Park Avenue Securities
New York
|
-$259K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$237K |
| 3 |
Morgan Stanley
New York
|
-$195K |
| 4 |
LPL Financial
San Diego,
California
|
-$188K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$158K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QCIG
26
Quad-Cities Investment Group
Davenport,
Iowa
| $127K | +$1K | +80 | +0.8% |
|
27
UBS Group
Zurich,
Switzerland
| $34K | -$16.6K | -1,325 | -32% |
|
|
SWM
28
SeaCrest Wealth Management
Purchase,
New York
| $19K | – | – | – |
|
|
AIC
29
Ameritas Investment Company
Lincoln,
Nebraska
| $6K | +$6.27K | +500 | New |
|
|
LTFS
30
Ladenburg Thalmann Financial Services
Miami,
Florida
| $5K | – | – | – |
|
|
PWMG
31
Prestige Wealth Management Group
Flemington,
New Jersey
| $5K | +$5.01K | +400 | New |
|
|
PAS
32
Park Avenue Securities
New York
| – | -$259K | -20,130 | Closed |
|
|
33
Envestnet Asset Management
Chicago,
Illinois
| – | -$237K | -18,465 | Closed |
|
|
34
LPL Financial
San Diego,
California
| – | -$188K | -14,603 | Closed |
|
|
TSS
35
Two Sigma Securities
New York
| – | -$132K | -10,290 | Closed |
|
DTF Hedge Fund Activity: Q4 2018 in Review
31 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q4 2018, worth a combined $30.1M — up 21% from $24.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DTF positions and 4 closed out — a net gain of 1 holder — while 10 added to existing stakes and 9 trimmed.
The largest buyer was Wells Fargo, adding an estimated $2.66M. The largest seller was Park Avenue Securities, exiting entirely with an estimated $259K sold.
- 31 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q4 2018, up from 30 in Q3 2018.
- Funds reported $30.1M of DTF Tax-Free Income 2028 Term Fund stock for Q4 2018, up 21% quarter-over-quarter.
- 5 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q4 2018 and 4 closed out, a net change of +1 holder.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q4 2018 was Wells Fargo, an estimated $2.66M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q4 2018 was Park Avenue Securities, an estimated $259K sold.
Based on aggregated 13F filings for Q4 2018.