DTF Tax-Free Income 2028 Term Fund
24 hedge funds and large institutions have $11.8M invested in DTF Tax-Free Income 2028 Term Fund in 2013 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
99% more capital invested
Capital invested by funds: $5.9M → $11.8M (+$5.87M)
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
14% more funds holding
Funds holding: 21 → 24 (+3)
4.99% more ownership
Funds ownership: 4.86% → 9.85% (+5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.78M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$974K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$357K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
+$339K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
+$221K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FM
Foster & Motley
Cincinnati,
Ohio
|
-$151K |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$64K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$46.4K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$46.3K |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$9.16K |
DTF Hedge Fund Activity: Q4 2013 in Review
24 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q4 2013, worth a combined $11.8M — up 99% from $5.9M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new DTF positions and 1 closed out — a net gain of 3 holders — while 8 added to existing stakes and 6 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $3.78M. The largest seller was Foster & Motley, cutting an estimated $151K.
- 24 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q4 2013, up from 21 in Q3 2013.
- Funds reported $11.8M of DTF Tax-Free Income 2028 Term Fund stock for Q4 2013, up 99% quarter-over-quarter.
- 4 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q4 2013 and 1 closed out, a net change of +3 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q4 2013 was Karpus Investment Management, an estimated $3.78M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q4 2013 was Foster & Motley, an estimated $151K sold.
Based on aggregated 13F filings for Q4 2013.