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DTF

DTF Tax-Free Income 2028 Term Fund

31 hedge funds and large institutions have $15.9M invested in DTF Tax-Free Income 2028 Term Fund in 2018 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 5 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 1

160% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 5

37% more capital invested

Capital invested by funds: $11.5M → $15.9M (+$4.31M)

15% more funds holding

Funds holding: 2731 (+4)

4.35% more ownership

Funds ownership: 9.62%13.97% (+4.3%)

Holders
31
Holders Change
+4
Holders Change %
+14.81%
% of All Funds
0.71%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
13
Reduced
5
Closed
1
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wells Fargo
1
Wells Fargo
California
$2.12M +$2.01M +148,535 +1,433%
Fiera Capital (Canada)
2
Fiera Capital (Canada)
Quebec, Canada
$1.95M +$802K +59,184 +68%
RCM
3
Robinson Capital Management
Michigan
$1.76M +$1.79M +132,396 New
VCM
4
Vivaldi Capital Management
Illinois
$1.27M +$1.16M +85,459 +843%
GAMC
5
Garner Asset Management Corp
Texas
$1.08M +$52.2K +3,850 +5%
Morgan Stanley
6
Morgan Stanley
New York
$880K +$84.5K +6,237 +10%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$843K +$469K +34,626 +120%
Bank of America
8
Bank of America
North Carolina
$672K +$51.9K +3,830 +8%
First Trust Advisors
9
First Trust Advisors
Illinois
$657K +$79.7K +5,878 +14%
N
10
Nuveen
North Carolina
$602K
LCM
11
Landscape Capital Management
New Jersey
$510K +$134K +9,923 +35%
AAM
12
Advisors Asset Management
Colorado
$487K -$538K -39,726 -52%
RJFSA
13
Raymond James Financial Services Advisors
Florida
$415K +$423K +31,177 New
CRC
14
Curi RMB Capital
Illinois
$346K +$50K +3,688 +17%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$319K
TJHA
16
Thomas J. Herzfeld Advisors
Florida
$246K -$203K -15,000 -45%
MIG
17
Mariner Investment Group
New York
$231K
AA
18
AQR Arbitrage
Connecticut
$228K +$45.5K +3,354 +24%
LPL Financial
19
LPL Financial
California
$224K +$90.6K +6,688 +66%
DA
20
Doliver Advisors
Texas
$223K -$41K -3,028 -15%
MC
21
Matisse Capital
Oregon
$213K +$67.8K +5,002 +45%
RJA
22
Raymond James & Associates
Florida
$184K -$116K -8,573 -38%
DHFB
23
Dixon Hubard Feinour & Brown
Virginia
$160K
UBS Group
24
UBS Group
Switzerland
$57K -$70.8K -5,226 -55%
LTFS
25
Ladenburg Thalmann Financial Services
Florida
$32K

DTF Hedge Fund Activity: Q1 2018 in Review

31 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q1 2018, worth a combined $15.9M — up 37% from $11.5M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new DTF positions and 1 closed out — a net gain of 4 holders — while 13 added to existing stakes and 5 trimmed.

The largest buyer was Wells Fargo, adding an estimated $2.01M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $1.44M sold.

  • 31 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q1 2018, up from 27 in Q4 2017.
  • Funds reported $15.9M of DTF Tax-Free Income 2028 Term Fund stock for Q1 2018, up 37% quarter-over-quarter.
  • 5 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q1 2018 and 1 closed out, a net change of +4 holders.
  • The largest DTF Tax-Free Income 2028 Term Fund buyer in Q1 2018 was Wells Fargo, an estimated $2.01M added.
  • The largest DTF Tax-Free Income 2028 Term Fund seller in Q1 2018 was Wolverine Asset Management, an estimated $1.44M sold.

Based on aggregated 13F filings for Q1 2018.