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.
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: 33 → 26 (-7)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$267K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$50.6K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$30.2K |
| 4 |
Morgan Stanley
New York
|
+$2.7K |
| 5 |
BW
Basepoint Wealth
Cedar Rapids,
Iowa
|
+$1.22K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$623K |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$554K |
| 3 |
QCIG
Quad-Cities Investment Group
Davenport,
Iowa
|
-$122K |
| 4 |
CSPIA
Cary Street Partners Investment Advisory
Richmond,
Virginia
|
-$98K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$89K |
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.