DTF Tax-Free Income 2028 Term Fund
30 hedge funds and large institutions have $31M invested in DTF Tax-Free Income 2028 Term Fund in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 2 closing their positions.
7.53% more ownership
Funds ownership: 33.37% → 40.91% (+7.5%)
0% more funds holding
Funds holding: 30 → 30 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
1% less capital invested
Capital invested by funds: $31.5M → $31M (-$442K)
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.09M |
| 2 |
RVPG
Relative Value Partners Group
|
+$1.07M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
+$398K |
| 4 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$393K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$20K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.89M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$252K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$129K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$126K |
| 5 |
GAMC
Garner Asset Management Corp
Plano,
Texas
|
-$109K |
DTF Hedge Fund Activity: Q2 2023 in Review
30 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q2 2023, worth a combined $31M — down 1.4% from $31.5M a quarter earlier.
Fund positioning in DTF was balanced in Q2 2023: 2 funds opened new positions, 2 closed out, 6 added to existing stakes and 11 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.09M. The largest seller was Robinson Capital Management, exiting entirely with an estimated $1.89M sold.
- 30 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $31M of DTF Tax-Free Income 2028 Term Fund stock for Q2 2023, down 1.4% quarter-over-quarter.
- 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q2 2023 and 2 closed out, a net change of 0 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q2 2023 was Rivernorth Capital Management, an estimated $1.09M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q2 2023 was Robinson Capital Management, an estimated $1.89M sold.
Based on aggregated 13F filings for Q2 2023.