DTF Tax-Free Income 2028 Term Fund
30 hedge funds and large institutions have $31.5M invested in DTF Tax-Free Income 2028 Term Fund in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 2 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
11% more capital invested
Capital invested by funds: $28.4M → $31.5M (+$3.04M)
3% more funds holding
Funds holding: 29 → 30 (+1)
2.78% more ownership
Funds ownership: 30.59% → 33.37% (+2.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Corient Private Wealth
Miami,
Florida
|
+$1.89M |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$449K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$349K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$288K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$221K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$312K |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$295K |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$290K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$130K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$17.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWM
26
Accel Wealth Management
Waverly,
Iowa
| $12.4K | – | – | – |
|
|
SPIA
27
Steward Partners Investment Advisory
New York
| $9.84K | – | – | – |
|
|
PWMG
28
Prestige Wealth Management Group
Flemington,
New Jersey
| $4.43K | – | – | – |
|
|
NA
29
NewEdge Advisors
New Orleans,
Louisiana
| $4.07K | – | – | – |
|
|
GWSG
30
GPS Wealth Strategies Group
Centennial,
Colorado
| $3.68K | +$3.67K | +332 | New |
|
31
UBS Group
Zurich,
Switzerland
| – | -$13.9K | -1,274 | Closed |
|
|
WOSD
32
WFA of San Diego
San Diego,
California
| – | -$10.9K | -1,000 | Closed |
|
DTF Hedge Fund Activity: Q1 2023 in Review
30 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q1 2023, worth a combined $31.5M — up 11% from $28.4M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new DTF positions and 2 closed out — a net gain of 1 holder — while 10 added to existing stakes and 6 trimmed.
The largest buyer was Corient Private Wealth, opening a new position worth an estimated $1.89M. The largest seller was Rivernorth Capital Management, cutting an estimated $312K.
- 30 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q1 2023, up from 29 in Q4 2022.
- Funds reported $31.5M of DTF Tax-Free Income 2028 Term Fund stock for Q1 2023, up 11% quarter-over-quarter.
- 3 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q1 2023 and 2 closed out, a net change of +1 holder.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q1 2023 was Corient Private Wealth, an estimated $1.89M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q1 2023 was Rivernorth Capital Management, an estimated $312K sold.
Based on aggregated 13F filings for Q1 2023.