DTF TAX-FREE INCOME 2028 TERM FUND INC - Common Stock (DTF) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
DTF on NYSE
Shares outstanding
7,024,238
Price per share
$11.42
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
3,015,009
Total reported value
$34,461,183
% of total 13F portfolios
0%
Share change
+134,579
Value change
+$1,540,426
Number of holders
27
Price from insider filings
$11.42
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of DTF TAX-FREE INCOME 2028 TERM FUND INC - Common Stock (DTF) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
SIT INVESTMENT ASSOCIATES INC 8.8% $6,875,018 619,371 Sit Investment Associates, Inc. 31 Dec 2024
Kovitz Investment Group Partners, LLC 6.1% $5,731,024 516,308 Kovitz Investment Group Partners, LLC 30 Sep 2024
RIVERNORTH CAPITAL MANAGEMENT, LLC 1.5% $1,196,424 106,066 RIVERNORTH CAPITAL MANAGEMENT, LLC 30 Jun 2025

As of 30 Sep 2025, 27 institutional investors reported holding 3,015,009 shares of DTF TAX-FREE INCOME 2028 TERM FUND INC - Common Stock (DTF). This represents 43% of the company’s total 7,024,238 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of DTF TAX-FREE INCOME 2028 TERM FUND INC - Common Stock (DTF) together control 43% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
SIT INVESTMENT ASSOCIATES INC 13% 920,582 +0.27% 0.21% $10,522,000
Kovitz Investment Group Partners, LLC 6.6% 466,941 -0.96% 0.02% $5,337,143
Almitas Capital LLC 5% 350,940 +0.23% 0.92% $4,011,244
Beverly Hills Private Wealth, LLC 4.4% 308,598 -1.4% 0.62% $3,527,279
Hara Capital LLC 3.9% 275,291 +7.7% 1.9% $3,146,576
SEVEN MILE ADVISORY 1.8% 126,477 0.23% $1,445,633
1607 Capital Partners, LLC 1.6% 115,629 -6.5% 0.1% $1,321,639
RIVERNORTH CAPITAL MANAGEMENT, LLC 1.5% 106,066 0% 0.07% $1,212,334
MORGAN STANLEY 1.1% 79,211 +5.3% 0% $905,390
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1% 71,012 0% 0.06% $811,667
Basepoint Wealth LLC 0.28% 19,471 +0.87% 0.16% $222,550
Corps Capital Advisors, LLC 0.27% 19,000 0% 0.33% $217,170
SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.27% 18,687 -4.1% 0% $213,592
Sanctuary Advisors, LLC 0.26% 18,422 0% 0% $210,563
Corient Private Wealth LLC 0.25% 17,559 0% 0% $200,700
Focus Partners Wealth 0.25% 17,252 +0.87% 0% $197,186
Nuveen, LLC 0.23% 16,077 0% 0% $183,760
Aptus Capital Advisors, LLC 0.21% 14,545 0% 0% $166,249
MELFA WEALTH MANAGEMENT, INC. 0.2% 14,339 0% 0.1% $163,897
J.W. COLE ADVISORS, INC. 0.19% 13,080 -12% 0% $149,504
Karpus Management, Inc. 0.16% 11,535 0% $131,845
UBS Group AG 0.14% 9,767 -15% 0% $111,637
OSAIC HOLDINGS, INC. 0.03% 1,850 +0.16% 0% $21,021
Centennial Bank/AR/ 0.02% 1,500 0% 0.01% $17,145
WELLS FARGO & COMPANY/MN 0.01% 501 -37% 0% $5,721

Institutional Holders of DTF TAX-FREE INCOME 2028 TERM FUND INC - Common Stock (DTF) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 313,673 $3,582,148 +$274,570 $11.42 3
2025 Q3 3,015,009 $34,461,183 +$1,540,426 $11.43 27
2025 Q2 2,863,008 $32,036,883 +$109,184 $11.19 27
2025 Q1 2,833,094 $31,759,110 +$179,027 $11.21 24
2024 Q4 2,845,295 $31,910,966 +$1,207,146 $11.22 29
2024 Q3 2,788,717 $31,428,814 -$440,934 $11.27 29
2024 Q2 2,840,196 $31,172,592 -$105,194 $10.96 31
2024 Q1 2,838,311 $30,564,700 -$2,778,248 $10.75 27
2023 Q4 2,980,890 $32,046,399 -$2,480,765 $10.75 23
2023 Q3 3,013,081 $32,148,804 +$1,695,838 $10.67 29
2023 Q2 2,854,185 $30,808,103 +$339,219 $10.77 28
2023 Q1 2,820,947 $31,232,311 +$2,621,265 $11.08 28
2022 Q4 2,583,811 $28,196,665 -$720,015 $10.91 26
2022 Q3 2,657,568 $29,506,770 -$1,384,574 $11.10 25
2022 Q2 2,776,831 $32,887,288 -$4,977,156 $11.84 32
2022 Q1 3,188,337 $41,407,186 -$641,128 $12.99 29
2021 Q4 3,223,674 $46,060,000 -$588,846 $14.29 32
2021 Q3 3,114,012 $45,000,000 +$644,339 $14.45 27
2021 Q2 3,070,183 $46,056,000 +$771,226 $15.00 28
2021 Q1 3,019,412 $43,347,000 -$15,184,663 $14.35 29
2020 Q4 4,037,342 $60,147,000 -$1,555,130 $14.90 31
2020 Q3 4,164,076 $60,125,000 +$30,105 $14.44 28
2020 Q2 6,222,807 $88,516,000 +$2,014,733 $14.22 30
2020 Q1 3,996,539 $55,751,000 +$2,507,881 $13.95 25
2019 Q4 3,815,380 $56,469,000 +$3,429,965 $14.80 27
2019 Q3 3,561,593 $51,534,000 +$3,673,431 $14.47 30
2019 Q2 3,309,769 $45,807,000 +$7,157,025 $13.84 33
2019 Q1 2,797,370 $37,034,000 +$4,851,506 $13.23 29
2018 Q4 2,434,002 $30,130,000 +$6,059,793 $12.38 31
2018 Q3 2,070,001 $26,601,000 +$5,666,237 $12.85 30
2018 Q2 1,505,263 $20,067,660 +$4,933,308 $13.33 30
2018 Q1 1,191,432 $26,846 +$4,831 $0.01 32
2017 Q4 820,859 $23,532 -$559,002 $0.01 28
2017 Q3 716,709 $10,235,000 +$1,214,642 $14.29 25
2017 Q2 644,897 $9,417,000 +$2,018,680 $14.60 22
2017 Q1 434,994 $6,470,000 -$1,469,269 $14.87 18
2016 Q4 538,354 $7,771,000 -$1,022,980 $14.43 23
2016 Q3 607,372 $9,894,000 -$1,083,873 $16.29 26
2016 Q2 673,064 $11,265,000 -$122,923 $16.73 25
2016 Q1 695,999 $11,006,000 -$1,888,039 $15.80 26
2015 Q4 815,656 $12,323,000 +$99,631 $15.11 27
2015 Q3 765,153 $11,176,000 +$1,437,291 $14.60 18
2015 Q2 685,610 $9,815,000 -$328,506 $14.31 17
2015 Q1 705,471 $10,772,000 -$138,612 $15.26 21
2014 Q4 723,612 $11,124,000 -$209,281 $15.37 20
2014 Q3 712,055 $10,702,000 +$653,886 $15.02 21
2014 Q2 666,661 $10,865,529 -$2,509,470 $16.30 20
2014 Q1 837,319 $12,385,000 +$500,604 $14.79 23