DTF Tax-Free Income 2028 Term Fund
30 hedge funds and large institutions have $35.8M invested in DTF Tax-Free Income 2028 Term Fund in 2024 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
17% more capital invested
Capital invested by funds: $30.7M → $35.8M (+$5.12M)
6.68% more ownership
Funds ownership: 38.75% → 45.43% (+6.7%)
0% more funds holding
Funds holding: 30 → 30 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$6.97M |
| 2 |
HC
Hara Capital
Bellevue,
Washington
|
+$2.21M |
| 3 |
BHPW
Beverly Hills Private Wealth
Beverly Hills,
California
|
+$1.66M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$249K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$85.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.43M |
| 2 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.2M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$878K |
| 4 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$687K |
| 5 |
Morgan Stanley
New York
|
-$236K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $5.62K | -$2.67K | -237 | -32% |
|
|
PWMG
27
Prestige Wealth Management Group
Flemington,
New Jersey
| $4.49K | – | – | – |
|
|
SPIA
28
Steward Partners Investment Advisory
New York
| $3.11K | – | – | – |
|
|
FFA
29
Farther Finance Advisors
San Francisco,
California
| $375 | – | – | – |
|
30
CIBC Private Wealth Group
Atlanta,
Georgia
| $11 | – | – | – |
|
|
LSC
31
Logan Stone Capital
Chicago,
Illinois
| – | -$687K | -60,985 | Closed |
|
|
VF
32
Virtu Financial
New York
| – | -$207K | -18,347 | Closed |
|
|
GAMC
33
Garner Asset Management Corp
Plano,
Texas
| – | -$120K | -10,654 | Closed |
|
|
WAM
34
Wolverine Asset Management
Chicago,
Illinois
| – | -$54.5K | -4,834 | Closed |
|
DTF Hedge Fund Activity: Q4 2024 in Review
30 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q4 2024, worth a combined $35.8M — up 17% from $30.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new DTF positions and 4 closed out — a net gain of 1 holder — while 5 added to existing stakes and 11 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $6.97M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.43M.
- 30 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q4 2024, unchanged from Q3 2024.
- Funds reported $35.8M of DTF Tax-Free Income 2028 Term Fund stock for Q4 2024, up 17% quarter-over-quarter.
- 5 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q4 2024 and 4 closed out, a net change of +1 holder.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q4 2024 was Sit Investment Associates, an estimated $6.97M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q4 2024 was Rivernorth Capital Management, an estimated $2.43M sold.
Based on aggregated 13F filings for Q4 2024.