DWS Municipal Income Trust
KTF
71 hedge funds and large institutions have $175M invested in DWS Municipal Income Trust in 2025 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
9% more funds holding
Funds holding: 65 → 71 (+6)
1% more capital invested
Capital invested by funds: $172M → $175M (+$2.42M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.43% less ownership
Funds ownership: 49.06% → 48.63% (-0.43%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.8M |
| 2 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$3M |
| 3 |
LPL Financial
San Diego,
California
|
+$532K |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$468K |
| 5 |
P
&Partners
Nashville,
Tennessee
|
+$459K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GP
Gridiron Partners
Wexford,
Pennsylvania
|
-$3.8M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$3.02M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1.84M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$849K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$582K |
KTF Hedge Fund Activity: Q4 2025 in Review
71 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in DWS Municipal Income Trust (KTF) for Q4 2025, worth a combined $175M — up 1.4% from $172M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new KTF positions and 7 closed out — a net gain of 7 holders — while 20 added to existing stakes and 16 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $3.8M. The largest seller was Gridiron Partners, cutting an estimated $3.8M.
- 71 institutional investors held DWS Municipal Income Trust (KTF) as of Q4 2025, up from 65 in Q3 2025.
- Funds reported $175M of DWS Municipal Income Trust stock for Q4 2025, up 1.4% quarter-over-quarter.
- 14 funds opened new DWS Municipal Income Trust positions in Q4 2025 and 7 closed out, a net change of +7 holders.
- The largest DWS Municipal Income Trust buyer in Q4 2025 was Karpus Investment Management, an estimated $3.8M added.
- The largest DWS Municipal Income Trust seller in Q4 2025 was Gridiron Partners, an estimated $3.8M sold.
Based on aggregated 13F filings for Q4 2025.