DWS Municipal Income Trust
KTF
78 hedge funds and large institutions have $193M invested in DWS Municipal Income Trust in 2023 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 29 increasing their positions, 20 reducing their positions, and 18 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 20
22% more capital invested
Capital invested by funds: $158M → $193M (+$34.5M)
2.88% more ownership
Funds ownership: 52.47% → 55.35% (+2.9%)
9% less funds holding
Funds holding: 86 → 78 (-8)
39% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$11.9M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$6.75M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.71M |
| 4 |
SCM
Saba Capital Management
New York
|
+$5.21M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
+$3.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$18.2M |
| 2 |
Morgan Stanley
New York
|
-$8.08M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$5.13M |
| 4 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
-$1.71M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.38M |
KTF Hedge Fund Activity: Q4 2023 in Review
78 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q4 2023, worth a combined $193M — up 22% from $158M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of KTF and 11 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 29 added.
The largest buyer was Sit Investment Associates, adding an estimated $11.9M. The largest seller was Karpus Investment Management, cutting an estimated $18.2M.
- 78 institutional investors held DWS Municipal Income Trust (KTF) as of Q4 2023, down from 86 in Q3 2023.
- Funds reported $193M of DWS Municipal Income Trust stock for Q4 2023, up 22% quarter-over-quarter.
- 11 funds opened new DWS Municipal Income Trust positions in Q4 2023 and 18 closed out, a net change of -7 holders.
- The largest DWS Municipal Income Trust buyer in Q4 2023 was Sit Investment Associates, an estimated $11.9M added.
- The largest DWS Municipal Income Trust seller in Q4 2023 was Karpus Investment Management, an estimated $18.2M sold.
Based on aggregated 13F filings for Q4 2023.