DTF Tax-Free Income 2028 Term Fund
31 hedge funds and large institutions have $60.1M invested in DTF Tax-Free Income 2028 Term Fund in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
11% more funds holding
Funds holding: 28 → 31 (+3)
0% more capital invested
Capital invested by funds: $60.1M → $60.1M (+$22K)
1.49% less ownership
Funds ownership: 48.87% → 47.39% (-1.5%)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.36M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$773K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$246K |
| 4 |
FIA
FNY Investment Advisers
New York
|
+$171K |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$164K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.24M |
| 2 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$1.09M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$653K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$542K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$201K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $18K | – | – | – |
|
|
IAIM
27
International Assets Investment Management
Orlando,
Florida
| $18K | +$17.5K | +1,200 | New |
|
|
AWM
28
Accel Wealth Management
Waverly,
Iowa
| $16K | +$15.3K | +1,049 | New |
|
29
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $11K | – | – | – |
|
30
Osaic Holdings
Scottsdale,
Arizona
| $6K | -$58 | -4 | -1% |
|
|
PWMG
31
Prestige Wealth Management Group
Flemington,
New Jersey
| $6K | – | – | – |
|
|
VCM
32
Vivaldi Capital Management
Chicago,
Illinois
| – | -$1.09M | -75,243 | Closed |
|
|
N
33
Nuveen
Charlotte,
North Carolina
| – | -$653K | -45,249 | Closed |
|
|
AA
34
AQR Arbitrage
Greenwich,
Connecticut
| – | -$149K | -10,348 | Closed |
|
DTF Hedge Fund Activity: Q4 2020 in Review
31 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q4 2020, worth a combined $60.1M — up 0.04% from $60.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new DTF positions and 3 closed out — a net gain of 4 holders — while 5 added to existing stakes and 10 trimmed.
The largest buyer was Bulldog Investors, adding an estimated $1.36M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.24M.
- 31 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q4 2020, up from 28 in Q3 2020.
- Funds reported $60.1M of DTF Tax-Free Income 2028 Term Fund stock for Q4 2020, up 0.04% quarter-over-quarter.
- 7 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q4 2020 and 3 closed out, a net change of +4 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q4 2020 was Bulldog Investors, an estimated $1.36M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q4 2020 was Rivernorth Capital Management, an estimated $1.24M sold.
Based on aggregated 13F filings for Q4 2020.