DTF Tax-Free Income 2028 Term Fund
18 hedge funds and large institutions have $9.8M invested in DTF Tax-Free Income 2028 Term Fund in 2015 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 6 closing their positions.
0.23% less ownership
Funds ownership: 8.28% → 8.05% (-0.23%)
18% less capital inflows, than outflows
Capital inflows: $1.44M | Capital outflows: $1.76M
18% less funds holding
Funds holding: 22 → 18 (-4)
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$602K |
| 2 |
Morgan Stanley
New York
|
+$414K |
| 3 |
Landscape Capital Management
Englewood,
New Jersey
|
+$241K |
| 4 |
Dixon Hubard Feinour & Brown
Roanoke,
Virginia
|
+$181K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$5.94K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
-$664K |
| 2 |
Goldman Sachs
New York
|
-$294K |
| 3 |
Curi RMB Capital
Chicago,
Illinois
|
-$198K |
| 4 |
Foster & Motley
Cincinnati,
Ohio
|
-$173K |
| 5 |
Advisors Asset Management
Monument,
Colorado
|
-$135K |
DTF Hedge Fund Activity: Q2 2015 in Review
18 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q2 2015, worth a combined $9.8M — down 8.9% from $10.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DTF and 2 opened new positions — a net loss of 4 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was Royal Bank of Canada, adding an estimated $602K. The largest seller was Karpus Investment Management, cutting an estimated $664K.
- 18 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q2 2015, down from 22 in Q1 2015.
- Funds reported $9.8M of DTF Tax-Free Income 2028 Term Fund stock for Q2 2015, down 8.9% quarter-over-quarter.
- 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q2 2015 and 6 closed out, a net change of -4 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q2 2015 was Royal Bank of Canada, an estimated $602K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q2 2015 was Karpus Investment Management, an estimated $664K sold.
Based on aggregated 13F filings for Q2 2015.