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DTF

DTF Tax-Free Income 2028 Term Fund

28 hedge funds and large institutions have $46.1M invested in DTF Tax-Free Income 2028 Term Fund in 2021 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 4 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 4

6% more capital invested

Capital invested by funds: $43.3M → $46.1M (+$2.71M)

0.6% more ownership

Funds ownership: 35.44%36.04% (+0.6%)

3% less funds holding

Funds holding: 2928 (-1)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

Holders
28
Holders Change
-1
Holders Change %
-3.45%
% of All Funds
0.49%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
2
Increased
12
Reduced
4
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$19.2M -$409K -27,662 -2%
1CP
2
1607 Capital Partners
Virginia
$6.77M +$22.6K +1,527 +0.3%
RCM
3
Rivernorth Capital Management
Florida
$5.96M -$892K -60,352 -13%
Wells Fargo
4
Wells Fargo
California
$3.67M +$189K +12,778 +6%
EVM
5
Eaton Vance Management
Massachusetts
$2.76M
RCM
6
Robinson Capital Management
Michigan
$1.82M +$1.79M +121,015 New
VCM
7
Vivaldi Capital Management
Illinois
$772K +$13.2K +892 +2%
MC
8
Matisse Capital
Oregon
$720K
First Trust Advisors
9
First Trust Advisors
Illinois
$654K +$150K +10,137 +30%
WAM
10
Wolverine Asset Management
Illinois
$532K +$41.9K +2,833 +9%
PNC Financial Services Group
11
PNC Financial Services Group
Pennsylvania
$530K +$3.69K +250 +0.7%
WB
12
WesBanco Bank
West Virginia
$450K
DWM
13
Dakota Wealth Management
Florida
$445K
GAMC
14
Garner Asset Management Corp
Texas
$343K -$13.3K -900 -4%
RJFSA
15
Raymond James Financial Services Advisors
Florida
$254K -$8.16K -552 -3%
UBS Group
16
UBS Group
Switzerland
$243K +$1.58K +107 +0.7%
TJHA
17
Thomas J. Herzfeld Advisors
Florida
$187K +$2.76K +187 +2%
RJA
18
Raymond James & Associates
Florida
$172K +$207 +14 +0.1%
KAS
19
Kestra Advisory Services
Texas
$170K +$266 +18 +0.2%
CG
20
Clarus Group
Texas
$162K
Morgan Stanley
21
Morgan Stanley
New York
$130K +$27.6K +1,865 +27%
US Bancorp
22
US Bancorp
Minnesota
$23K +$22.2K +1,500 New
Osaic Holdings
23
Osaic Holdings
Arizona
$22K
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
$22K
Bank of America
25
Bank of America
North Carolina
$18K

DTF Hedge Fund Activity: Q2 2021 in Review

28 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q2 2021, worth a combined $46.1M — up 6.2% from $43.3M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of DTF and 2 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 12 added.

The largest buyer was Robinson Capital Management, opening a new position worth an estimated $1.79M. The largest seller was Rivernorth Capital Management, cutting an estimated $892K.

  • 28 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q2 2021, down from 29 in Q1 2021.
  • Funds reported $46.1M of DTF Tax-Free Income 2028 Term Fund stock for Q2 2021, up 6.2% quarter-over-quarter.
  • 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q2 2021 and 3 closed out, a net change of -1 holder.
  • The largest DTF Tax-Free Income 2028 Term Fund buyer in Q2 2021 was Robinson Capital Management, an estimated $1.79M added.
  • The largest DTF Tax-Free Income 2028 Term Fund seller in Q2 2021 was Rivernorth Capital Management, an estimated $892K sold.

Based on aggregated 13F filings for Q2 2021.