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DTF

DTF Tax-Free Income 2028 Term Fund

30 hedge funds and large institutions have $59.1M invested in DTF Tax-Free Income 2028 Term Fund in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 1

20% more funds holding

Funds holding: 2530 (+5)

6% more capital invested

Capital invested by funds: $55.8M → $59.1M (+$3.3M)

1.81% more ownership

Funds ownership: 46.91%48.72% (+1.8%)

17% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 6

Holders
30
Holders Change
+5
Holders Change %
+20%
% of All Funds
0.62%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
5
Reduced
6
Closed
1
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$29.5M -$183K -13,202 -0.6%
RCM
2
Rivernorth Capital Management
Florida
$7.67M +$2.1M +151,608 +39%
Wells Fargo
3
Wells Fargo
California
$5.03M
EVM
4
Eaton Vance Management
Massachusetts
$4.39M
1CP
5
1607 Capital Partners
Virginia
$3.62M
RJA
6
Raymond James & Associates
Florida
$1.34M +$64.5K +4,653 +5%
VCM
7
Vivaldi Capital Management
Illinois
$1.28M +$130K +9,399 +12%
SIA
8
Sit Investment Associates
Minnesota
$1.07M +$162K +11,658 +18%
PNC Financial Services Group
9
PNC Financial Services Group
Pennsylvania
$941K
N
10
Nuveen
North Carolina
$643K
DWM
11
Dakota Wealth Management
Florida
$642K -$11.7K -845 -2%
COLIM
12
City of London Investment Management
United Kingdom
$512K
GAMC
13
Garner Asset Management Corp
Texas
$507K -$38.8K -2,796 -7%
First Trust Advisors
14
First Trust Advisors
Illinois
$491K -$9.06K -654 -2%
WB
15
WesBanco Bank
West Virginia
$427K
RJFSA
16
Raymond James Financial Services Advisors
Florida
$242K +$236K +17,016 New
Morgan Stanley
17
Morgan Stanley
New York
$218K -$160K -11,557 -43%
DHFB
18
Dixon Hubard Feinour & Brown
Virginia
$160K
AA
19
AQR Arbitrage
Connecticut
$157K -$19.9K -1,432 -12%
TJHA
20
Thomas J. Herzfeld Advisors
Florida
$111K +$107K +7,734 New
UBS Group
21
UBS Group
Switzerland
$55K +$31.5K +2,270 +141%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$21K
Bank of America
23
Bank of America
North Carolina
$17K
Carson Wealth (CWM LLC)
24
Carson Wealth (CWM LLC)
Nebraska
$11K
PWMG
25
Prestige Wealth Management Group
New Jersey
$6K

DTF Hedge Fund Activity: Q2 2020 in Review

30 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q2 2020, worth a combined $59.1M — up 5.9% from $55.8M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new DTF positions and 1 closed out — a net gain of 5 holders — while 5 added to existing stakes and 6 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $2.1M. The largest seller was Aristides Capital, exiting entirely with an estimated $282K sold.

  • 30 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q2 2020, up from 25 in Q1 2020.
  • Funds reported $59.1M of DTF Tax-Free Income 2028 Term Fund stock for Q2 2020, up 5.9% quarter-over-quarter.
  • 6 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q2 2020 and 1 closed out, a net change of +5 holders.
  • The largest DTF Tax-Free Income 2028 Term Fund buyer in Q2 2020 was Rivernorth Capital Management, an estimated $2.1M added.
  • The largest DTF Tax-Free Income 2028 Term Fund seller in Q2 2020 was Aristides Capital, an estimated $282K sold.

Based on aggregated 13F filings for Q2 2020.