DTF Tax-Free Income 2028 Term Fund
29 hedge funds and large institutions have $43.3M invested in DTF Tax-Free Income 2028 Term Fund in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 5 closing their positions.
6% less funds holding
Funds holding: 31 → 29 (-2)
11.95% less ownership
Funds ownership: 47.39% → 35.44% (-12%)
28% less capital invested
Capital invested by funds: $60.1M → $43.3M (-$16.8M)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.81M |
| 2 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$731K |
| 3 |
MC
Matisse Capital
Portland,
Oregon
|
+$692K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$361K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$75.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.1M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.05M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$1.8M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.77M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.57M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWM
26
Accel Wealth Management
Waverly,
Iowa
| $15K | +$130 | +9 | +0.9% |
|
27
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $11K | – | – | – |
|
|
FIA
28
FNY Investment Advisers
New York
| $7K | -$161K | -11,191 | -96% |
|
|
PWMG
29
Prestige Wealth Management Group
Flemington,
New Jersey
| $6K | – | – | – |
|
|
SIA
30
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$2.05M | -137,429 | Closed |
|
|
BI
31
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$1.77M | -118,614 | Closed |
|
|
COLIM
32
City of London Investment Management
London,
United Kingdom
| – | -$535K | -35,910 | Closed |
|
|
CCP
33
Clough Capital Partners
Boston,
Massachusetts
| – | -$168K | -11,246 | Closed |
|
|
PWPS
34
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$77K | -5,172 | Closed |
|
DTF Hedge Fund Activity: Q1 2021 in Review
29 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q1 2021, worth a combined $43.3M — down 28% from $60.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DTF and 3 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 6 added.
The largest buyer was 1607 Capital Partners, adding an estimated $2.81M. The largest seller was Karpus Investment Management, cutting an estimated $10.1M.
- 29 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q1 2021, down from 31 in Q4 2020.
- Funds reported $43.3M of DTF Tax-Free Income 2028 Term Fund stock for Q1 2021, down 28% quarter-over-quarter.
- 3 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q1 2021 and 5 closed out, a net change of -2 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q1 2021 was 1607 Capital Partners, an estimated $2.81M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q1 2021 was Karpus Investment Management, an estimated $10.1M sold.
Based on aggregated 13F filings for Q1 2021.