$DTF

$11.30 -$0.04 (0.31%) Close

$DTF Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 7.0M shares outstanding

Who owns DTF?

By type of holder

Institutions 44.7% Insiders 0.1% Everyone else 55.2%

Concentration Top 10 holders own 41.0%

Sit Investment Associates Inc 15.9% · Focus Partners Wealth 6.1%

Institutional ownership

44.7%

+2.7 pts vs last qtr

Institutional holders

-1 vs last qtr

Net shares bought

+188.4K

by institutions in Q2 2026

New / sold out

4 / 5

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Sit Investment Associates Inc +193.2K
Thomas J. Herzfeld Advisors, Inc. +51.6K

Biggest sellers in Q2 2026

1607 Capital Partners, LLC −41.5K
Rivernorth Capital Management, LLC SOLD OUT −36.4K

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for DTF Tax-Free Income 2028 Term Fund Inc in the last 12 months.

Is your stake being diluted?

There are not yet two fiscal years of reported share counts for DTF Tax-Free Income 2028 Term Fund Inc.

How patient are the owners?

Institutional shares by how long they've been held

5+ years5% 3–5 years15% 1–3 years71% Under 1 year9%

Quarterly turnover

8.2%

of institutional shares changed hands

Top 10 managers, median time held

2.5 years

Super Investors

Investment managers reporting DTF on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
SI Sit Investment Associates Inc	1.1M	15.88%	+193.2K (+20.9%)	2024	0.2%
Shares held by quarter Peak holding1.1M (Q2'26) Change over 8 quarters+1.1M Share of the company15.880% Sit Investment Associates Inc's full portfolio →
FP Focus Partners Wealth	425.4K	6.05%	−24.7K (−5.5%)	2025	0.0%
Shares held by quarter Peak holding480.9K (Q4'25) Change over 8 quarters+425.4K Share of the company6.050% Focus Partners Wealth's full portfolio →

Sit Investment Associates Inc

1.1M

% of company

15.88%

Change vs last qtr

+193.2K (+20.9%)

Held since

2024

Focus Partners Wealth

425.4K

% of company

6.05%

Change vs last qtr

−24.7K (−5.5%)

Held since

2025

28 more super investors behind a free account

See every manager holding DTF Tax-Free Income 2028 Term Fund Inc, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting DTF on Form N-PORT; together they hold 1.7% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IT The Intermediate Term Municipal Bond Portfolio HC Capital Trust	$813K	71.0K	1.01%	0.14%	March 31, 2026
RM RiverNorth Managed Duration Municipal Income Fund II Inc. RiverNorth Managed Duration Municipal Income Fund II Inc.	$332K	29.0K	0.41%	0.25%	March 31, 2026

The Intermediate Term Municipal Bond Portfolio

HC Capital Trust

Position value

$813K

% of company

1.01%

% of the fund

0.14%

As of

March 31, 2026

RiverNorth Managed Duration Municipal Income Fund II Inc.

Position value

$332K

% of company

0.41%

% of the fund

0.25%

As of

March 31, 2026

4 more funds behind a free account

See every fund holding DTF Tax-Free Income 2028 Term Fund Inc and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
GD Grumhaus David D Jr. Insider	6.7K	0.09%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.090% Grumhaus David D Jr.'s insider activity →
KM Kahrer Mark G. Insider	1.0K	0.01%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.010% Kahrer Mark G.'s insider activity →

Grumhaus David D Jr.

Insider

6.7K

% of company

0.09%

Change vs last qtr

—

Held since

—

Kahrer Mark G.

Insider

1.0K

% of company

0.01%

Change vs last qtr

—

Held since

—

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