DTF Tax-Free Income 2028 Term Fund
22 hedge funds and large institutions have $10.7M invested in DTF Tax-Free Income 2028 Term Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
5% more funds holding
Funds holding: 21 → 22 (+1)
0.53% more ownership
Funds ownership: 7.83% → 8.36% (+0.53%)
2% less capital invested
Capital invested by funds: $10.9M → $10.7M (-$164K)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$665K |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
+$233K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$120K |
| 4 |
Morgan Stanley
New York
|
+$50.4K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$16.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$177K |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$79.8K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$65.6K |
| 4 |
M&T Bank
Buffalo,
New York
|
-$24K |
| 5 |
FM
Foster & Motley
Cincinnati,
Ohio
|
-$18.2K |
DTF Hedge Fund Activity: Q3 2014 in Review
22 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q3 2014, worth a combined $10.7M — down 1.5% from $10.9M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new DTF positions and 3 closed out — a net gain of 1 holder — while 5 added to existing stakes and 6 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $665K. The largest seller was AQR Capital Management, exiting entirely with an estimated $177K sold.
- 22 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q3 2014, up from 21 in Q2 2014.
- Funds reported $10.7M of DTF Tax-Free Income 2028 Term Fund stock for Q3 2014, down 1.5% quarter-over-quarter.
- 4 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q3 2014 and 3 closed out, a net change of +1 holder.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q3 2014 was Advisors Asset Management, an estimated $665K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q3 2014 was AQR Capital Management, an estimated $177K sold.
Based on aggregated 13F filings for Q3 2014.