DTF Tax-Free Income 2028 Term Fund
30 hedge funds and large institutions have $41.7M invested in DTF Tax-Free Income 2028 Term Fund in 2022 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 8 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
0.41% less ownership
Funds ownership: 38.06% → 37.65% (-0.41%)
9% less funds holding
Funds holding: 33 → 30 (-3)
10% less capital invested
Capital invested by funds: $46.3M → $41.7M (-$4.67M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.92M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.75M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$440K |
| 4 |
RVPG
Relative Value Partners Group
|
+$264K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$26.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.47M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$972K |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$249K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$219K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$210K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $16K | -$4.04K | -300 | -20% |
|
|
AWM
27
Accel Wealth Management
Waverly,
Iowa
| $14K | +$283 | +21 | +2% |
|
|
SPIA
28
Steward Partners Investment Advisory
New York
| $12K | +$12K | +888 | New |
|
|
PWMG
29
Prestige Wealth Management Group
Flemington,
New Jersey
| $5K | – | – | – |
|
|
GWSG
30
GPS Wealth Strategies Group
Centennial,
Colorado
| $4K | +$4.48K | +332 | New |
|
|
TJHA
31
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$972K | -68,037 | Closed |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$219K | -15,380 | Closed |
|
|
ACA
33
Ackerman Capital Advisors
Dallas,
Texas
| – | -$198K | -13,834 | Closed |
|
|
RJA
34
Raymond James & Associates
St Petersburg,
Florida
| – | -$186K | -12,997 | Closed |
|
|
CG
35
Clarus Group
Houston,
Texas
| – | -$152K | -10,525 | Closed |
|
|
AWA
36
Aquire Wealth Advisors
South Jordan,
Utah
| – | -$128K | -8,955 | Closed |
|
|
CCM
37
Chilton Capital Management
Houston,
Texas
| – | -$33K | -2,300 | Closed |
|
|
AWA
38
Amplius Wealth Advisors
Blue Bell,
Pennsylvania
| – | -$26K | -1,855 | Closed |
|
DTF Hedge Fund Activity: Q1 2022 in Review
30 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q1 2022, worth a combined $41.7M — down 10% from $46.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of DTF and 5 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 8 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.92M. The largest seller was Karpus Investment Management, cutting an estimated $3.47M.
- 30 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q1 2022, down from 33 in Q4 2021.
- Funds reported $41.7M of DTF Tax-Free Income 2028 Term Fund stock for Q1 2022, down 10% quarter-over-quarter.
- 5 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q1 2022 and 8 closed out, a net change of -3 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q1 2022 was Rivernorth Capital Management, an estimated $2.92M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q1 2022 was Karpus Investment Management, an estimated $3.47M sold.
Based on aggregated 13F filings for Q1 2022.