DTF Tax-Free Income 2028 Term Fund
21 hedge funds and large institutions have $10.9M invested in DTF Tax-Free Income 2028 Term Fund in 2014 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 5 closing their positions.
2% less ownership
Funds ownership: 9.83% → 7.83% (-2%)
12% less capital invested
Capital invested by funds: $12.4M → $10.9M (-$1.52M)
13% less funds holding
Funds holding: 24 → 21 (-3)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$965K |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$77.1K |
| 3 |
MMG
Monetary Management Group
St Louis,
Missouri
|
+$27.2K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$23.3K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$12.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.08M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$339K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$291K |
| 4 |
Morgan Stanley
New York
|
-$288K |
| 5 |
LPL Financial
San Diego,
California
|
-$264K |
DTF Hedge Fund Activity: Q2 2014 in Review
21 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q2 2014, worth a combined $10.9M — down 12% from $12.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DTF and 2 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 4 added.
The largest buyer was Advisors Asset Management, adding an estimated $965K. The largest seller was Karpus Investment Management, cutting an estimated $2.08M.
- 21 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q2 2014, down from 24 in Q1 2014.
- Funds reported $10.9M of DTF Tax-Free Income 2028 Term Fund stock for Q2 2014, down 12% quarter-over-quarter.
- 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q2 2014 and 5 closed out, a net change of -3 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q2 2014 was Advisors Asset Management, an estimated $965K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q2 2014 was Karpus Investment Management, an estimated $2.08M sold.
Based on aggregated 13F filings for Q2 2014.