DTF Tax-Free Income 2028 Term Fund
31 hedge funds and large institutions have $32.4M invested in DTF Tax-Free Income 2028 Term Fund in 2023 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
3% more funds holding
Funds holding: 30 → 31 (+1)
2.25% more ownership
Funds ownership: 40.91% → 43.16% (+2.3%)
4% more capital invested
Capital invested by funds: $31M → $32.4M (+$1.33M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$1.07M |
| 2 |
Morgan Stanley
New York
|
+$653K |
| 3 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$307K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$286K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$129K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
-$415K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$216K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$112K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$51.8K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$25.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WOSD
26
WFA of San Diego
San Diego,
California
| $10.7K | – | – | – |
|
27
UBS Group
Zurich,
Switzerland
| $7.23K | +$7.38K | +678 | New |
|
|
28
Wells Fargo
San Francisco,
California
| $5.34K | -$51.8K | -4,765 | -91% |
|
|
PWMG
29
Prestige Wealth Management Group
Flemington,
New Jersey
| $4.27K | – | – | – |
|
|
NA
30
NewEdge Advisors
New Orleans,
Louisiana
| $3.92K | – | – | – |
|
|
GWSG
31
GPS Wealth Strategies Group
Centennial,
Colorado
| $3.54K | – | – | – |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$4.31K | -400 | Closed |
|
DTF Hedge Fund Activity: Q3 2023 in Review
31 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q3 2023, worth a combined $32.4M — up 4.3% from $31M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new DTF positions and 1 closed out — a net gain of 1 holder — while 9 added to existing stakes and 7 trimmed.
The largest buyer was Atlas Wealth, adding an estimated $1.07M. The largest seller was Almitas Capital, cutting an estimated $415K.
- 31 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q3 2023, up from 30 in Q2 2023.
- Funds reported $32.4M of DTF Tax-Free Income 2028 Term Fund stock for Q3 2023, up 4.3% quarter-over-quarter.
- 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q3 2023 and 1 closed out, a net change of +1 holder.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q3 2023 was Atlas Wealth, an estimated $1.07M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q3 2023 was Almitas Capital, an estimated $415K sold.
Based on aggregated 13F filings for Q3 2023.