DTF Tax-Free Income 2028 Term Fund
17 hedge funds and large institutions have $6.47M invested in DTF Tax-Free Income 2028 Term Fund in 2017 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 6 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
1.21% less ownership
Funds ownership: 6.31% → 5.1% (-1.2%)
17% less capital invested
Capital invested by funds: $7.77M → $6.47M (-$1.3M)
23% less funds holding
Funds holding: 22 → 17 (-5)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$402K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$170K |
| 3 |
LPL Financial
San Diego,
California
|
+$43.3K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$33K |
| 5 |
Morgan Stanley
New York
|
+$14.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$745K |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$447K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$259K |
| 4 |
SWM
Segment Wealth Management
Houston,
Texas
|
-$208K |
| 5 |
DWA
Douglass Winthrop Advisors
New York
|
-$203K |
DTF Hedge Fund Activity: Q1 2017 in Review
17 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q1 2017, worth a combined $6.47M — down 17% from $7.77M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DTF and 2 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 5 added.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $402K. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $745K sold.
- 17 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q1 2017, down from 22 in Q4 2016.
- Funds reported $6.47M of DTF Tax-Free Income 2028 Term Fund stock for Q1 2017, down 17% quarter-over-quarter.
- 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q1 2017 and 6 closed out, a net change of -4 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q1 2017 was Laurion Capital Management, an estimated $402K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q1 2017 was Raymond James Financial Services Advisors, an estimated $745K sold.
Based on aggregated 13F filings for Q1 2017.