DTF Tax-Free Income 2028 Term Fund
25 hedge funds and large institutions have $55.8M invested in DTF Tax-Free Income 2028 Term Fund in 2020 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 2 closing their positions.
2.13% more ownership
Funds ownership: 44.78% → 46.91% (+2.1%)
1% less capital invested
Capital invested by funds: $56.5M → $55.8M (-$718K)
7% less funds holding
Funds holding: 27 → 25 (-2)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.44M |
| 2 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$535K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$252K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$54.3K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$7.26K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$586K |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$457K |
| 3 |
AC
Aristides Capital
Louisville,
Kentucky
|
-$408K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$319K |
| 5 |
GAMC
Garner Asset Management Corp
Plano,
Texas
|
-$264K |
DTF Hedge Fund Activity: Q1 2020 in Review
25 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q1 2020, worth a combined $55.8M — down 1.3% from $56.5M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of DTF and 1 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 6 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $4.44M. The largest seller was Wells Fargo, cutting an estimated $586K.
- 25 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q1 2020, down from 27 in Q4 2019.
- Funds reported $55.8M of DTF Tax-Free Income 2028 Term Fund stock for Q1 2020, down 1.3% quarter-over-quarter.
- 1 fund opened new DTF Tax-Free Income 2028 Term Fund positions in Q1 2020 and 2 closed out, a net change of -1 holder.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q1 2020 was Rivernorth Capital Management, an estimated $4.44M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q1 2020 was Wells Fargo, an estimated $586K sold.
Based on aggregated 13F filings for Q1 2020.