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DTF

DTF Tax-Free Income 2028 Term Fund

26 hedge funds and large institutions have $29.7M invested in DTF Tax-Free Income 2028 Term Fund in 2022 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.4% less ownership

Funds ownership: 32.82%31.42% (-1.4%)

10% less capital invested

Capital invested by funds: $33.1M → $29.7M (-$3.39M)

14% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 7

21% less funds holding

Funds holding: 3326 (-7)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 7

Holders
26
Holders Change
-7
Holders Change %
-21.21%
% of All Funds
0.45%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
6
Reduced
7
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$9.07M -$623K -52,138 -6%
1CP
2
1607 Capital Partners
Virginia
$6.56M -$80.3K -6,717 -1%
RCM
3
Rivernorth Capital Management
Florida
$4.8M +$267K +22,346 +5%
SIA
4
Sit Investment Associates
Minnesota
$2.01M +$30.2K +2,528 +1%
EVM
5
Eaton Vance Management
Massachusetts
$1.9M
COLIM
6
City of London Investment Management
United Kingdom
$1.81M
Allspring Global Investments
7
Allspring Global Investments
North Carolina
$1.33M
PNC Financial Services Group
8
PNC Financial Services Group
Pennsylvania
$355K
DWM
9
Dakota Wealth Management
Florida
$250K -$30.1K -2,521 -10%
GAMC
10
Garner Asset Management Corp
Texas
$243K -$28.1K -2,350 -10%
First Trust Advisors
11
First Trust Advisors
Illinois
$242K -$60.2K -5,034 -19%
RVPG
12
Relative Value Partners Group
$217K
BW
13
Basepoint Wealth
Iowa
$214K +$1.22K +102 +0.5%
Wells Fargo
14
Wells Fargo
California
$166K -$6.54K -547 -4%
Morgan Stanley
15
Morgan Stanley
New York
$164K +$2.7K +226 +2%
RJFSA
16
Raymond James Financial Services Advisors
Florida
$161K -$25.6K -2,140 -13%
Bank of America
17
Bank of America
North Carolina
$60K +$50.6K +4,236 +353%
UBS Group
18
UBS Group
Switzerland
$57K
Osaic Holdings
19
Osaic Holdings
Arizona
$19K
US Bancorp
20
US Bancorp
Minnesota
$17K
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$16K
AWM
22
Accel Wealth Management
Iowa
$13K +$108 +9 +0.8%
SPIA
23
Steward Partners Investment Advisory
New York
$10K
APA
24
American Portfolios Advisors
New York
$7.77K
GWSG
25
GPS Wealth Strategies Group
Colorado
$4K

DTF Hedge Fund Activity: Q3 2022 in Review

26 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q3 2022, worth a combined $29.7M — down 10% from $33.1M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of DTF and 0 opened new positions — a net loss of 7 holders — while 7 trimmed existing stakes and 6 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $267K. The largest seller was Karpus Investment Management, cutting an estimated $623K.

  • 26 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q3 2022, down from 33 in Q2 2022.
  • Funds reported $29.7M of DTF Tax-Free Income 2028 Term Fund stock for Q3 2022, down 10% quarter-over-quarter.
  • 0 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q3 2022 and 7 closed out, a net change of -7 holders.
  • The largest DTF Tax-Free Income 2028 Term Fund buyer in Q3 2022 was Rivernorth Capital Management, an estimated $267K added.
  • The largest DTF Tax-Free Income 2028 Term Fund seller in Q3 2022 was Karpus Investment Management, an estimated $623K sold.

Based on aggregated 13F filings for Q3 2022.