DTF Tax-Free Income 2028 Term Fund
26 hedge funds and large institutions have $32.2M invested in DTF Tax-Free Income 2028 Term Fund in 2025 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 5 closing their positions.
0% more capital invested
Capital invested by funds: $32.1M → $32.2M (+$56.4K)
0.09% more ownership
Funds ownership: 40.74% → 40.83% (+0.09%)
13% less funds holding
Funds holding: 30 → 26 (-4)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.28M |
| 2 |
BHPW
Beverly Hills Private Wealth
Beverly Hills,
California
|
+$644K |
| 3 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$191K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$24.8K |
| 5 |
HC
Hara Capital
Bellevue,
Washington
|
+$20.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.12M |
| 2 |
Corient Private Wealth
Miami,
Florida
|
-$961K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$942K |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$393K |
| 5 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$166K |
DTF Hedge Fund Activity: Q1 2025 in Review
26 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q1 2025, worth a combined $32.2M — up 0.18% from $32.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DTF and 2 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 6 added.
The largest buyer was Sit Investment Associates, adding an estimated $3.28M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.12M.
- 26 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q1 2025, down from 30 in Q4 2024.
- Funds reported $32.2M of DTF Tax-Free Income 2028 Term Fund stock for Q1 2025, up 0.18% quarter-over-quarter.
- 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q1 2025 and 5 closed out, a net change of -3 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q1 2025 was Sit Investment Associates, an estimated $3.28M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q1 2025 was Rivernorth Capital Management, an estimated $1.12M sold.
Based on aggregated 13F filings for Q1 2025.