DTF Tax-Free Income 2028 Term Fund
28 hedge funds and large institutions have $30.8M invested in DTF Tax-Free Income 2028 Term Fund in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
8% more funds holding
Funds holding: 26 → 28 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.77% less ownership
Funds ownership: 45.41% → 40.64% (-4.8%)
10% less capital invested
Capital invested by funds: $34.3M → $30.8M (-$3.55M)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HC
Hara Capital
Bellevue,
Washington
|
+$890K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$497K |
| 3 |
BHPW
Beverly Hills Private Wealth
Beverly Hills,
California
|
+$308K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$206K |
| 5 |
FPCP
Fort Point Capital Partners
San Francisco,
California
|
+$204K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.3M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.91M |
| 3 |
Morgan Stanley
New York
|
-$830K |
| 4 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$706K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$64.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWMG
26
Prestige Wealth Management Group
Flemington,
New Jersey
| $4.3K | – | – | – |
|
|
NA
27
NewEdge Advisors
New Orleans,
Louisiana
| $3.94K | – | – | – |
|
28
UBS Group
Zurich,
Switzerland
| $3.58K | -$17.7K | -1,641 | -83% |
|
|
SIA
29
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$2.3M | -214,201 | Closed |
|
DTF Hedge Fund Activity: Q1 2024 in Review
28 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q1 2024, worth a combined $30.8M — down 10% from $34.3M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new DTF positions and 1 closed out — a net gain of 2 holders — while 5 added to existing stakes and 9 trimmed.
The largest buyer was Hara Capital, adding an estimated $890K. The largest seller was Sit Investment Associates, exiting entirely with an estimated $2.3M sold.
- 28 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q1 2024, up from 26 in Q4 2023.
- Funds reported $30.8M of DTF Tax-Free Income 2028 Term Fund stock for Q1 2024, down 10% quarter-over-quarter.
- 3 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q1 2024 and 1 closed out, a net change of +2 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q1 2024 was Hara Capital, an estimated $890K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q1 2024 was Sit Investment Associates, an estimated $2.3M sold.
Based on aggregated 13F filings for Q1 2024.