DTF Tax-Free Income 2028 Term Fund
30 hedge funds and large institutions have $59.1M invested in DTF Tax-Free Income 2028 Term Fund in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
20% more funds holding
Funds holding: 25 → 30 (+5)
6% more capital invested
Capital invested by funds: $55.8M → $59.1M (+$3.3M)
1.81% more ownership
Funds ownership: 46.91% → 48.72% (+1.8%)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.1M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$236K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$162K |
| 4 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$130K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$107K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristides Capital
Louisville,
Kentucky
|
-$282K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$183K |
| 3 |
Morgan Stanley
New York
|
-$160K |
| 4 |
GAMC
Garner Asset Management Corp
Plano,
Texas
|
-$38.8K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$19.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Osaic Holdings
Scottsdale,
Arizona
| $5K | – | – | – |
|
|
PAG
27
Private Advisor Group
Morristown,
New Jersey
| $4K | +$4.16K | +300 | New |
|
|
CAN
28
Cetera Advisor Networks
El Segundo,
California
| $3K | +$3.41K | +246 | New |
|
29
US Bancorp
Minneapolis,
Minnesota
| $2K | +$1.73K | +125 | New |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| $1K | +$1.39K | +100 | New |
|
|
AC
31
Aristides Capital
Louisville,
Kentucky
| – | -$282K | -20,192 | Closed |
|
DTF Hedge Fund Activity: Q2 2020 in Review
30 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q2 2020, worth a combined $59.1M — up 5.9% from $55.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new DTF positions and 1 closed out — a net gain of 5 holders — while 5 added to existing stakes and 6 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.1M. The largest seller was Aristides Capital, exiting entirely with an estimated $282K sold.
- 30 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q2 2020, up from 25 in Q1 2020.
- Funds reported $59.1M of DTF Tax-Free Income 2028 Term Fund stock for Q2 2020, up 5.9% quarter-over-quarter.
- 6 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q2 2020 and 1 closed out, a net change of +5 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $2.1M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q2 2020 was Aristides Capital, an estimated $282K sold.
Based on aggregated 13F filings for Q2 2020.