DTF Tax-Free Income 2028 Term Fund
29 hedge funds and large institutions have $28.4M invested in DTF Tax-Free Income 2028 Term Fund in 2022 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
12% more funds holding
Funds holding: 26 → 29 (+3)
0.82% less ownership
Funds ownership: 31.42% → 30.59% (-0.82%)
4% less capital invested
Capital invested by funds: $29.7M → $28.4M (-$1.28M)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.69M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$154K |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$67.3K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$25.5K |
| 5 |
CSPIA
Cary Street Partners Investment Advisory
Richmond,
Virginia
|
+$22.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.37M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$954K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$161K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$60K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$48.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WOSD
26
WFA of San Diego
San Diego,
California
| $10.9K | +$11.1K | +1,000 | New |
|
|
SPIA
27
Steward Partners Investment Advisory
New York
| $9.69K | – | – | – |
|
|
PWMG
28
Prestige Wealth Management Group
Flemington,
New Jersey
| $4.36K | – | – | – |
|
|
NA
29
NewEdge Advisors
New Orleans,
Louisiana
| $4 | +$4.06K | +367 | New |
|
|
RJFSA
30
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$161K | -14,496 | Closed |
|
|
31
Bank of America
Charlotte,
North Carolina
| – | -$60K | -5,436 | Closed |
|
32
US Bancorp
Minneapolis,
Minnesota
| – | -$17K | -1,500 | Closed |
|
|
GWSG
33
GPS Wealth Strategies Group
Centennial,
Colorado
| – | -$4K | -332 | Closed |
|
DTF Hedge Fund Activity: Q4 2022 in Review
29 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q4 2022, worth a combined $28.4M — down 4.3% from $29.7M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new DTF positions and 4 closed out — a net gain of 5 holders — while 5 added to existing stakes and 7 trimmed.
The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.69M. The largest seller was Karpus Investment Management, cutting an estimated $1.37M.
- 29 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q4 2022, up from 26 in Q3 2022.
- Funds reported $28.4M of DTF Tax-Free Income 2028 Term Fund stock for Q4 2022, down 4.3% quarter-over-quarter.
- 9 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q4 2022 and 4 closed out, a net change of +5 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q4 2022 was Robinson Capital Management, an estimated $1.69M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q4 2022 was Karpus Investment Management, an estimated $1.37M sold.
Based on aggregated 13F filings for Q4 2022.