Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Dtf Tax-Free Income 2028 Ter (DTF)

31 + Investors. Track Smart Money conviction in DTF. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
→ 0
Streak
1Q —
Buyers last Q
70%

Smart Money Signals — DTF

Based on 31 hedge funds · latest filing: 2026 Q1 · updated quarterly

➡️

No change last quarter

last 6Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
31 hedge funds hold DTF right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +29% more funds vs a year ago

fund count last 6Q
+7 new funds entered over the past year (+29% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks. The peak was reached in just 2 quarters from the low — a sharp move.
🟢

More buyers than sellers — 70% buying

16 buying7 selling
Last quarter: 16 funds were net buyers (4 opened a brand new position + 12 added to an existing one). Only 7 were sellers (3 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~4 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 4 → 3 → 9 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 16% medium ■ 23% new
19 out of 31 hedge funds have held DTF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -3%, value -32%

Value
-32%
Shares
-2%
Last quarter: funds added -3% more shares while total portfolio value only changed -32%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~4 new funds/quarter

3 → 4 → 3 → 9 → 4 new funds/Q
New funds entering each quarter: 4 → 3 → 9 → 4. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 61% veterans vs 26% newcomers

■ 61% veterans ■ 13% 1-2yr ■ 26% new
Entry-cohort mix of 31 holders: 19 (61%) are 2+ year veterans, 4 entered 1–2 years ago, and 8 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 7% AUM from top-100

7% from top-100 AUM funds
6 of 31 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — DTF

In 2026 Q1, 16 hedge funds were net buyers of DTF (4 opened a new position, 12 added to an existing one), while 7 reduced or exited (3 trimmed, 4 sold completely) — a 70% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: flat (entries and exits balanced). Total institutional holders: 31.

Hedge Fund Ownership: DTF

How many hedge funds hold DTF — quarterly history vs. share price
Quarterly hedge fund ownership of DTF vs. share price

Market Analysis: DTF

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DTF

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Dtf Tax-Free Income 2028 Ter (DTF) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DTF has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 86d ago
DTF
+0.4%
XLF
+9.2%

DTF outperformed XLF by -8.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 41d ago
DTF
+0.0%
XLF
+5.5%

Since the filing became public, DTF outperformed XLF by -5.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: DTF
31 + Investors

Track Smart Money conviction in DTF. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 31 31 -
13F Shares 3M 3M -2.54%
Total Value $23M $35M -32.26%
New Positions 4 9 -5
Increased Positions 12 5 +7
Closed Positions 4 4 -
Reduced Positions 3 6 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DTF

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

31 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DTF. Verified SEC 13F-HR filings.

QUARTER:
Top 25 DTF holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Hara Capital LLC 1.74% 303,989 $3.5M
2 Almitas Capital LLC 0.92% 355,089 $4.1M
3 Beverly Hills Private Wealth, LLC 0.64% 336,342 $3.9M
4 Avise Financial Cooperative, Inc. 0.45% 47,028 $538K
5 Corps Capital Advisors, LLC 0.19% 19,000 $218K
6 Closed-End Fund Advisors, Inc. 0.17% 14,433 $165K
7 Basepoint Wealth LLC 0.13% 19,806 $227K
8 1607 Capital Partners, LLC 0.09% 105,609 $1.2M
9 Melfa Wealth Management, INC. 0.07% 10,939 $125K
10 City of London Investment Management Co Ltd 0.06% 71,012 $813K
11 Thomas J. Herzfeld Advisors, Inc. 0.05% 13,654 $156K
12 Rivernorth Capital Management, LLC 0.02% 36,405 $417K
13 WFA of San Diego, LLC 0.01% 1,000 $11K
14 Karpus Management, Inc. 0.01% 19,211 $220K
15 Financial Gravity Asset Management, Inc. 0.01% 3,232 $37K
16 Centennial Bank/AR/ 0.01% 1,500 $17K
17 Focus Partners Wealth 0.01% 450,151 $5.4M
18 Savvy Advisors, Inc. 0.00% 14,545 $167K
19 Pinnacle Wealth Planning Services, Inc. 0.00% 1,250 $14K
20 Sanctuary Advisors, LLC 0.00% 18,300 $210K
21 Prestige Wealth Management Group LLC 0.00% 400 $5K
22 Corient Private Wealth LLC 0.00% 17,541 $201K
23 LPL Financial LLC 0.00% 37,283 $427K
24 Morgan Stanley 0.00% 82,776 $948K
25 Susquehanna International Group, LLP 0.00% 27,483 $315K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Dtf Tax-Free Income 2028 Ter (DTF)

What does the Smart Money Trend signal show for DTF?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for DTF?

More buyers than sellers — 70% buying: Last quarter: 16 funds were net buyers (4 opened a brand new position + 12 added to an existing one). Only 7 were sellers (3 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for DTF holders?

Smaller funds dominant — 7% AUM from top-100: 6 of 31 holders rank in the top 100 by AUM, but together hold only 7% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DTF?

61% of holders stayed for 2+ years: 19 out of 31 hedge funds have held DTF for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Dtf Tax-Free Income 2028 Ter (DTF) following the 2026 Q1 hedge fund 13F filings?

As of today, DTF has moved +0.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.5% for the XLF sector ETF — an outperformance of -5.5%. Since the quarter end (March 31, 2026), DTF has gained +0.4% vs +9.2% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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