DTF Tax-Free Income 2028 Term Fund
28 hedge funds and large institutions have $34.5M invested in DTF Tax-Free Income 2028 Term Fund in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
7% more capital invested
Capital invested by funds: $32.2M → $34.5M (+$2.23M)
1.91% more ownership
Funds ownership: 40.99% → 42.9% (+1.9%)
0% more funds holding
Funds holding: 28 → 28 (0)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMA
Seven Mile Advisory
Ewing,
New Jersey
|
+$1.43M |
| 2 |
HC
Hara Capital
Bellevue,
Washington
|
+$222K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$130K |
| 4 |
Morgan Stanley
New York
|
+$45.3K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$28.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$90.2K |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
-$68.7K |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$50.8K |
| 4 |
BHPW
Beverly Hills Private Wealth
Beverly Hills,
California
|
-$50.1K |
| 5 |
JWCA
J.W. Cole Advisors
Tampa,
Florida
|
-$19.2K |
DTF Hedge Fund Activity: Q3 2025 in Review
28 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q3 2025, worth a combined $34.5M — up 6.9% from $32.2M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new DTF positions and 1 closed out — a net gain of 1 holder — while 7 added to existing stakes and 7 trimmed.
The largest buyer was Seven Mile Advisory, opening a new position worth an estimated $1.43M. The largest seller was 1607 Capital Partners, cutting an estimated $90.2K.
- 28 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $34.5M of DTF Tax-Free Income 2028 Term Fund stock for Q3 2025, up 6.9% quarter-over-quarter.
- 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q3 2025 and 1 closed out, a net change of +1 holder.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q3 2025 was Seven Mile Advisory, an estimated $1.43M added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q3 2025 was 1607 Capital Partners, an estimated $90.2K sold.
Based on aggregated 13F filings for Q3 2025.