DTF Tax-Free Income 2028 Term Fund
33 hedge funds and large institutions have $33.1M invested in DTF Tax-Free Income 2028 Term Fund in 2022 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
10% more funds holding
Funds holding: 30 → 33 (+3)
4.83% less ownership
Funds ownership: 37.65% → 32.82% (-4.8%)
21% less capital invested
Capital invested by funds: $41.7M → $33.1M (-$8.54M)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$403K |
| 2 |
CSPIA
Cary Street Partners Investment Advisory
Richmond,
Virginia
|
+$101K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$40.3K |
| 4 |
GAMC
Garner Asset Management Corp
Plano,
Texas
|
+$28.7K |
| 5 |
CCM
Chilton Capital Management
Houston,
Texas
|
+$28.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.2M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.06M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$844K |
| 4 |
WB
WesBanco Bank
Wheeling,
West Virginia
|
-$390K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$92.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWM
26
SeaCrest Wealth Management
Purchase,
New York
| $15K | +$15.6K | +1,275 | New |
|
27
Bank of America
Charlotte,
North Carolina
| $14K | – | – | – |
|
|
AWM
28
Accel Wealth Management
Waverly,
Iowa
| $14K | +$110 | +9 | +0.8% |
|
|
WOSD
29
WFA of San Diego
San Diego,
California
| $12K | +$12.2K | +1,000 | New |
|
|
SPIA
30
Steward Partners Investment Advisory
New York
| $11K | – | – | – |
|
|
APA
31
American Portfolios Advisors
Holbrook,
New York
| $8.29K | -$8.55K | -700 | -50% |
|
|
PWMG
32
Prestige Wealth Management Group
Flemington,
New Jersey
| $5K | – | – | – |
|
|
GWSG
33
GPS Wealth Strategies Group
Centennial,
Colorado
| $4K | – | – | – |
|
|
WB
34
WesBanco Bank
Wheeling,
West Virginia
| – | -$390K | -30,000 | Closed |
|
DTF Hedge Fund Activity: Q2 2022 in Review
33 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q2 2022, worth a combined $33.1M — down 21% from $41.7M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new DTF positions and 1 closed out — a net gain of 3 holders — while 7 added to existing stakes and 9 trimmed.
The largest buyer was City of London Investment Management, adding an estimated $403K. The largest seller was Karpus Investment Management, cutting an estimated $2.2M.
- 33 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q2 2022, up from 30 in Q1 2022.
- Funds reported $33.1M of DTF Tax-Free Income 2028 Term Fund stock for Q2 2022, down 21% quarter-over-quarter.
- 4 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q2 2022 and 1 closed out, a net change of +3 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q2 2022 was City of London Investment Management, an estimated $403K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q2 2022 was Karpus Investment Management, an estimated $2.2M sold.
Based on aggregated 13F filings for Q2 2022.