DTF Tax-Free Income 2028 Term Fund
28 hedge funds and large institutions have $60.1M invested in DTF Tax-Free Income 2028 Term Fund in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 5 closing their positions.
2% more capital invested
Capital invested by funds: $59.1M → $60.1M (+$1.07M)
0.15% more ownership
Funds ownership: 48.72% → 48.87% (+0.15%)
7% less funds holding
Funds holding: 30 → 28 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.12M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$364K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$131K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$95.3K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$34.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.03M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$338K |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$190K |
| 4 |
GAMC
Garner Asset Management Corp
Plano,
Texas
|
-$66.4K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$55K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $11K | – | – | – |
|
27
Osaic Holdings
Scottsdale,
Arizona
| $6K | – | – | – |
|
|
PWMG
28
Prestige Wealth Management Group
Flemington,
New Jersey
| $6K | – | – | – |
|
|
29
UBS Group
Zurich,
Switzerland
| – | -$55K | -3,881 | Closed |
|
|
PAG
30
Private Advisor Group
Morristown,
New Jersey
| – | -$4K | -300 | Closed |
|
|
CAN
31
Cetera Advisor Networks
El Segundo,
California
| – | -$3K | -246 | Closed |
|
32
US Bancorp
Minneapolis,
Minnesota
| – | -$2K | -125 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$1K | -100 | Closed |
|
DTF Hedge Fund Activity: Q3 2020 in Review
28 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q3 2020, worth a combined $60.1M — up 1.8% from $59.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DTF and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 4 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.12M. The largest seller was Raymond James & Associates, cutting an estimated $1.03M.
- 28 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q3 2020, down from 30 in Q2 2020.
- Funds reported $60.1M of DTF Tax-Free Income 2028 Term Fund stock for Q3 2020, up 1.8% quarter-over-quarter.
- 3 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q3 2020 and 5 closed out, a net change of -2 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q3 2020 was Rivernorth Capital Management, an estimated $1.12M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q3 2020 was Raymond James & Associates, an estimated $1.03M sold.
Based on aggregated 13F filings for Q3 2020.