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DTF

DTF Tax-Free Income 2028 Term Fund

24 hedge funds and large institutions have $12.4M invested in DTF Tax-Free Income 2028 Term Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more capital invested

Capital invested by funds: $11.8M → $12.4M (+$616K)

0% more funds holding

Funds holding: 2424 (0)

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

0.03% less ownership

Funds ownership: 9.85%9.83% (-0.03%)

13% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 8

Holders
24
Holders Change
Holders Change %
0%
% of All Funds
0.69%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
3
Increased
7
Reduced
8
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$3.96M -$26.4K -1,820 -0.7%
Royal Bank of Canada
2
Royal Bank of Canada
Ontario, Canada
$2.52M +$148K +10,200 +6%
N
3
Nuveen
North Carolina
$927K +$66.8K +4,600 +8%
First Trust Advisors
4
First Trust Advisors
Illinois
$771K +$46.6K +3,209 +7%
Morgan Stanley
5
Morgan Stanley
New York
$701K +$119K +8,186 +21%
RJA
6
Raymond James & Associates
Florida
$695K +$245K +16,864 +56%
AAM
7
Advisors Asset Management
Colorado
$511K +$502K +34,518 New
DA
8
Doliver Advisors
Texas
$339K -$452K -31,097 -58%
FM
9
Foster & Motley
Ohio
$334K -$20.5K -1,411 -6%
Goldman Sachs
10
Goldman Sachs
New York
$287K +$1.93K +133 +0.7%
LPL Financial
11
LPL Financial
California
$264K -$63.3K -4,356 -20%
AQR Capital Management
12
AQR Capital Management
Connecticut
$234K +$73.8K +5,080 +47%
SWM
13
Segment Wealth Management
Texas
$213K
Wells Fargo
14
Wells Fargo
California
$182K -$33.4K -2,297 -16%
WAM
15
Wolverine Asset Management
Illinois
$178K -$509K -35,004 -74%
AllianceBernstein
16
AllianceBernstein
Tennessee
$66K +$65K +4,475 New
NSIM
17
North Star Investment Management
Illinois
$65K +$63.4K +4,365 New
BC
18
Bartlett & Co
Ohio
$30K
Creative Planning
19
Creative Planning
Kansas
$27K -$6.63K -456 -20%
M&T Bank
20
M&T Bank
New York
$22K
U
21
UBS
Switzerland
$22K
Bank of America
22
Bank of America
North Carolina
$15K -$29 -2 -0.2%
GT
23
Glenmede Trust
Pennsylvania
$13K
VKH
24
Virtu KCG Holdings
New York
-$222K -15,818 Closed
TRCT
25
Tower Research Capital (TRC)
New York
-$11K -800 Closed

DTF Hedge Fund Activity: Q1 2014 in Review

24 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q1 2014, worth a combined $12.4M — up 5.2% from $11.8M a quarter earlier.

Fund positioning in DTF was balanced in Q1 2014: 3 funds opened new positions, 3 closed out, 7 added to existing stakes and 8 trimmed.

The largest buyer was Advisors Asset Management, opening a new position worth an estimated $502K. The largest seller was Wolverine Asset Management, cutting an estimated $509K.

  • 24 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q1 2014, unchanged from Q4 2013.
  • Funds reported $12.4M of DTF Tax-Free Income 2028 Term Fund stock for Q1 2014, up 5.2% quarter-over-quarter.
  • 3 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q1 2014 and 3 closed out, a net change of 0 holders.
  • The largest DTF Tax-Free Income 2028 Term Fund buyer in Q1 2014 was Advisors Asset Management, an estimated $502K added.
  • The largest DTF Tax-Free Income 2028 Term Fund seller in Q1 2014 was Wolverine Asset Management, an estimated $509K sold.

Based on aggregated 13F filings for Q1 2014.