DTF Tax-Free Income 2028 Term Fund
29 hedge funds and large institutions have $37M invested in DTF Tax-Free Income 2028 Term Fund in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 4 closing their positions.
23% more capital invested
Capital invested by funds: $30.1M → $37M (+$6.9M)
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
4.26% more ownership
Funds ownership: 28.57% → 32.83% (+4.3%)
6% less funds holding
Funds holding: 31 → 29 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.47M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.31M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$1.9M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$879K |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$1.51M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$1.16M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$235K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$215K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$161K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWM
26
SeaCrest Wealth Management
Purchase,
New York
| $20K | – | – | – |
|
27
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $11K | +$10K | +765 | New |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $5K | – | – | – |
|
|
PWMG
29
Prestige Wealth Management Group
Flemington,
New Jersey
| $5K | – | – | – |
|
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$235K | -19,019 | Closed |
|
|
MIG
31
Mariner Investment Group
Harrison,
New York
| – | -$215K | -17,364 | Closed |
|
|
CRC
32
Curi RMB Capital
Chicago,
Illinois
| – | -$130K | -10,489 | Closed |
|
|
AIC
33
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$6K | -500 | Closed |
|
DTF Hedge Fund Activity: Q1 2019 in Review
29 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q1 2019, worth a combined $37M — up 23% from $30.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of DTF and 2 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 11 added.
The largest buyer was Saba Capital Management, adding an estimated $2.47M. The largest seller was Vivaldi Capital Management, cutting an estimated $1.51M.
- 29 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q1 2019, down from 31 in Q4 2018.
- Funds reported $37M of DTF Tax-Free Income 2028 Term Fund stock for Q1 2019, up 23% quarter-over-quarter.
- 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q1 2019 and 4 closed out, a net change of -2 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q1 2019 was Saba Capital Management, an estimated $2.47M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q1 2019 was Vivaldi Capital Management, an estimated $1.51M sold.
Based on aggregated 13F filings for Q1 2019.