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KTF

DWS Municipal Income Trust
KTF

48 hedge funds and large institutions have $54.5M invested in DWS Municipal Income Trust in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 11

12% more capital invested

Capital invested by funds: $48.6M → $54.5M (+$5.82M)

0.47% more ownership

Funds ownership: 9.78% → 10.25% (+0.47%)

9% less funds holding

Funds holding: 53 → 48 (-5)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
48
Holders Change
-5
Holders Change %
-9.43%
% of All Funds
1.56%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
17
Reduced
11
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.25M
2
Goldman Sachs
Goldman Sachs
New York
+$1.14M
3
U
UBS
Switzerland
+$1.02M
4
MIG
Mariner Investment Group
New York
+$612K
5
Bank of America
Bank of America
North Carolina
+$495K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.07M
2
AAM
Advisors Asset Management
Colorado
-$950K
3
BOS
Bank of Stockton
California
-$485K
4
WSFS
Wilmington Savings Fund Society
Delaware
-$279K
5
OFG
OTA Financial Group
New York
-$264K
Name Holding Trade Value Shares
Change 		Change in
Stake
RJA
26
Raymond James & Associates
Florida
$252K -$7.29K -600 -3%
RJT
27
Raymond James Trust
Florida
$228K – – –
FAAM
28
First Allied Asset Management
California
$223K – – –
Jane Street
29
Jane Street
New York
$218K +$9.94K +818 +5%
MIM
30
Macroview Investment Management
Maryland
$173K +$170K +13,975 New
PP
31
Paloma Partners
Connecticut
$142K +$13.4K +1,100 +11%
ICOA
32
Investment Centers of America
North Dakota
$132K -$10.4K -855 -7%
WRM
33
Westport Resources Management
Connecticut
$82K – – –
US Bancorp
34
US Bancorp
Minnesota
$68K – – –
NES
35
New England Securities
New York
$62K – – –
Citigroup
36
Citigroup
New York
$59K – – –
Creative Planning
37
Creative Planning
Kansas
$51K +$36.5K +3,000 +266%
MA
38
MUFG Americas
New York
$31K – – –
Fifth Third Bancorp
39
Fifth Third Bancorp
Ohio
$23K -$43.7K -3,600 -66%
Nomura Holdings
40
Nomura Holdings
Japan
$16K +$15.9K +1,307 New
PNC Financial Services Group
41
PNC Financial Services Group
Pennsylvania
$13K – – –
SNT
42
Security National Trust
West Virginia
$12K – – –
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$11K – – –
FAM
44
Formidable Asset Management
Ohio
$10K +$10.4K +859 New
BAM
45
Barrett Asset Management
New York
$5K – – –
Northern Trust
46
Northern Trust
Illinois
$3K – – –
PAS
47
Partnervest Advisory Services
California
$1K – – –
EFS
48
Essex Financial Services
Connecticut
$316 -$69.3K -5,700 -18%
BOS
49
Bank of Stockton
California
– -$485K -37,600 Closed
WSFS
50
Wilmington Savings Fund Society
Delaware
– -$279K -21,655 Closed
1
2
3

KTF Hedge Fund Activity: Q3 2013 in Review

48 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q3 2013, worth a combined $54.5M — up 12% from $48.6M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of KTF and 4 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 17 added.

The largest buyer was Sit Investment Associates, adding an estimated $1.25M. The largest seller was Guggenheim Capital, cutting an estimated $1.07M.

  • 48 institutional investors held DWS Municipal Income Trust (KTF) as of Q3 2013, down from 53 in Q2 2013.
  • Funds reported $54.5M of DWS Municipal Income Trust stock for Q3 2013, up 12% quarter-over-quarter.
  • 4 funds opened new DWS Municipal Income Trust positions in Q3 2013 and 9 closed out, a net change of -5 holders.
  • The largest DWS Municipal Income Trust buyer in Q3 2013 was Sit Investment Associates, an estimated $1.25M added.
  • The largest DWS Municipal Income Trust seller in Q3 2013 was Guggenheim Capital, an estimated $1.07M sold.

Based on aggregated 13F filings for Q3 2013.