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DTF

DTF Tax-Free Income 2028 Term Fund

33 hedge funds and large institutions have $33.1M invested in DTF Tax-Free Income 2028 Term Fund in 2022 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 1

10% more funds holding

Funds holding: 3033 (+3)

4.83% less ownership

Funds ownership: 37.65%32.82% (-4.8%)

21% less capital invested

Capital invested by funds: $41.7M → $33.1M (-$8.54M)

22% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 9

Holders
33
Holders Change
+3
Holders Change %
+10%
% of All Funds
0.56%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
4
Increased
7
Reduced
9
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
$10.3M -$2.2M -180,206 -17%
1CP
2
1607 Capital Partners
Virginia
$7.08M +$40.3K +3,300 +0.6%
RCM
3
Rivernorth Capital Management
Florida
$4.86M -$844K -69,113 -14%
SIA
4
Sit Investment Associates
Minnesota
$2.12M
EVM
5
Eaton Vance Management
Massachusetts
$2.03M
COLIM
6
City of London Investment Management
United Kingdom
$1.92M +$403K +33,000 +25%
Allspring Global Investments
7
Allspring Global Investments
North Carolina
$1.42M
MC
8
Matisse Capital
Oregon
$554K
PNC Financial Services Group
9
PNC Financial Services Group
Pennsylvania
$378K
First Trust Advisors
10
First Trust Advisors
Illinois
$318K -$16.5K -1,354 -5%
DWM
11
Dakota Wealth Management
Florida
$297K -$55.4K -4,535 -15%
GAMC
12
Garner Asset Management Corp
Texas
$287K +$28.7K +2,350 +11%
RVPG
13
Relative Value Partners Group
$240K
BW
14
Basepoint Wealth
Iowa
$227K +$1.22K +100 +0.5%
RJFSA
15
Raymond James Financial Services Advisors
Florida
$197K -$3.56K -292 -2%
Wells Fargo
16
Wells Fargo
California
$184K -$92.9K -7,609 -33%
Morgan Stanley
17
Morgan Stanley
New York
$173K
QCIG
18
Quad-Cities Investment Group
Iowa
$122K +$830 +68 +0.7%
CSPIA
19
Cary Street Partners Investment Advisory
Virginia
$98K +$101K +8,243 New
RCM
20
Robinson Capital Management
Michigan
$89K -$2.06M -169,087 -96%
UBS Group
21
UBS Group
Switzerland
$61K -$5.37K -440 -8%
CCM
22
Chilton Capital Management
Texas
$27K +$28.1K +2,300 New
Osaic Holdings
23
Osaic Holdings
Arizona
$20K +$3.48K +285 +20%
US Bancorp
24
US Bancorp
Minnesota
$18K
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$17K

DTF Hedge Fund Activity: Q2 2022 in Review

33 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q2 2022, worth a combined $33.1M — down 21% from $41.7M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new DTF positions and 1 closed out — a net gain of 3 holders — while 7 added to existing stakes and 9 trimmed.

The largest buyer was City of London Investment Management, adding an estimated $403K. The largest seller was Karpus Investment Management, cutting an estimated $2.2M.

  • 33 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q2 2022, up from 30 in Q1 2022.
  • Funds reported $33.1M of DTF Tax-Free Income 2028 Term Fund stock for Q2 2022, down 21% quarter-over-quarter.
  • 4 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q2 2022 and 1 closed out, a net change of +3 holders.
  • The largest DTF Tax-Free Income 2028 Term Fund buyer in Q2 2022 was City of London Investment Management, an estimated $403K added.
  • The largest DTF Tax-Free Income 2028 Term Fund seller in Q2 2022 was Karpus Investment Management, an estimated $2.2M sold.

Based on aggregated 13F filings for Q2 2022.