DTF Tax-Free Income 2028 Term Fund
33 hedge funds and large institutions have $46.3M invested in DTF Tax-Free Income 2028 Term Fund in 2021 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
22% more funds holding
Funds holding: 27 → 33 (+6)
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
1.51% more ownership
Funds ownership: 36.55% → 38.06% (+1.5%)
3% more capital invested
Capital invested by funds: $45M → $46.3M (+$1.33M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.28M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.09M |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$792K |
| 4 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$198K |
| 5 |
QCIG
Quad-Cities Investment Group
Davenport,
Iowa
|
+$144K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.48M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.02M |
| 3 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$734K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$283K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$253K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCM
26
Chilton Capital Management
Houston,
Texas
| $33K | +$33K | +2,300 | New |
|
|
AWA
27
Amplius Wealth Advisors
Blue Bell,
Pennsylvania
| $26K | +$26.6K | +1,855 | New |
|
28
Bank of America
Charlotte,
North Carolina
| $21K | -$74.7K | -5,209 | -78% |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| $21K | – | – | – |
|
30
US Bancorp
Minneapolis,
Minnesota
| $21K | – | – | – |
|
31
Osaic Holdings
Scottsdale,
Arizona
| $20K | – | – | – |
|
|
AWM
32
Accel Wealth Management
Waverly,
Iowa
| $15K | +$100 | +7 | +0.7% |
|
|
PWMG
33
Prestige Wealth Management Group
Flemington,
New Jersey
| $6K | – | – | – |
|
|
VCM
34
Vivaldi Capital Management
Chicago,
Illinois
| – | -$734K | -50,812 | Closed |
|
|
KAS
35
Kestra Advisory Services
Austin,
Texas
| – | -$164K | -11,336 | Closed |
|
DTF Hedge Fund Activity: Q4 2021 in Review
33 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q4 2021, worth a combined $46.3M — up 3% from $45M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new DTF positions and 2 closed out — a net gain of 6 holders — while 7 added to existing stakes and 6 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $2.28M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.48M.
- 33 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q4 2021, up from 27 in Q3 2021.
- Funds reported $46.3M of DTF Tax-Free Income 2028 Term Fund stock for Q4 2021, up 3% quarter-over-quarter.
- 8 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q4 2021 and 2 closed out, a net change of +6 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q4 2021 was 1607 Capital Partners, an estimated $2.28M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q4 2021 was Rivernorth Capital Management, an estimated $2.48M sold.
Based on aggregated 13F filings for Q4 2021.