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DTF

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.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

5% more funds holding

Funds holding: 2122 (+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

Holders
22
Holders Change
+1
Holders Change %
+4.76%
% of All Funds
0.64%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
5
Reduced
6
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Royal Bank of Canada
1
Royal Bank of Canada
Ontario, Canada
$2.64M +$120K +7,667 +5%
AAM
2
Advisors Asset Management
Colorado
$2.09M +$665K +42,544 +44%
KIM
3
Karpus Investment Management
New York
$1.95M -$65.6K -4,200 -3%
N
4
Nuveen
North Carolina
$942K
RJA
5
Raymond James & Associates
Florida
$706K +$16.2K +1,037 +2%
Morgan Stanley
6
Morgan Stanley
New York
$483K +$50.4K +3,224 +11%
First Trust Advisors
7
First Trust Advisors
Illinois
$426K -$79.8K -5,110 -15%
FM
8
Foster & Motley
Ohio
$314K -$18.2K -1,163 -5%
Goldman Sachs
9
Goldman Sachs
New York
$290K -$1.06K -68 -0.4%
DA
10
Doliver Advisors
Texas
$225K +$233K +14,937 New
SWM
11
Segment Wealth Management
Texas
$216K
Wells Fargo
12
Wells Fargo
California
$208K +$31 +2 +0%
U
13
UBS
Switzerland
$84K -$13.5K -861 -13%
BC
14
Bartlett & Co
Ohio
$30K
Creative Planning
15
Creative Planning
Kansas
$27K -$9.59K -614 -25%
MMG
16
Monetary Management Group
Missouri
$26K
Bank of America
17
Bank of America
North Carolina
$15K
GT
18
Glenmede Trust
Pennsylvania
$13K
WAM
19
Wolverine Asset Management
Illinois
$12K +$12.5K +800 New
Ameriprise
20
Ameriprise
Minnesota
$3K +$3.59K +230 New
GSC
21
Ground Swell Capital
South Carolina
$2K +$2.53K +162 New
AQR Capital Management
22
AQR Capital Management
Connecticut
-$177K -10,863 Closed
M&T Bank
23
M&T Bank
New York
-$24K -1,500 Closed
BRWA
24
B. Riley Wealth Advisors
Florida
-$13.5K -830 Closed

DTF Hedge Fund Activity: Q3 2014 in Review

22 of the 3,446 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.