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DTF Tax-Free Income 2028 Term Fund Inc

DTF
Exchange
NYSE
SEC CIK
0000879535

No open-market purchases or sales by DTF Tax-Free Income 2028 Term Fund Inc insiders were filed in the last 90 days; 31 institutions reported holding it in 13F filings for Q2 2026, worth $36.4M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in DTF Tax-Free Income 2028 Term Fund Inc as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
33
+5 vs. Q3 2025
Shares held
3.09M
+72.3K (+2.4%) vs. Q3 2025
Total value
$35.1M
+$646.3K (+1.9%) vs. Q3 2025
New holders
7
7 more added
Sold out
2
6 more reduced

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting DTF on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 33 institutions
Q1 2021: 28 institutionsQ2 2021: 28 institutionsQ3 2021: 27 institutionsQ4 2021: 33 institutionsQ1 2022: 30 institutionsQ2 2022: 33 institutionsQ3 2022: 26 institutionsQ4 2022: 29 institutionsQ1 2023: 30 institutionsQ2 2023: 30 institutionsQ3 2023: 31 institutionsQ4 2023: 26 institutionsQ1 2024: 28 institutionsQ2 2024: 32 institutionsQ3 2024: 30 institutionsQ4 2024: 30 institutionsQ1 2025: 26 institutionsQ2 2025: 28 institutionsQ3 2025: 28 institutionsQ4 2025: 33 institutionsQ1 2026: 31 institutionsQ2 2026: 31 institutions
Value heldQ4 2025: $35.1M
Q1 2021: $43.2MQ2 2021: $46.1MQ3 2021: $45.0MQ4 2021: $46.3MQ1 2022: $41.7MQ2 2022: $33.1MQ3 2022: $29.7MQ4 2022: $28.4MQ1 2023: $31.5MQ2 2023: $31.0MQ3 2023: $32.4MQ4 2023: $33.3MQ1 2024: $30.8MQ2 2024: $31.4MQ3 2024: $30.7MQ4 2024: $32.1MQ1 2025: $32.2MQ2 2025: $32.2MQ3 2025: $34.5MQ4 2025: $35.1MQ1 2026: $34.0MQ2 2026: $36.4M
Institutions holding DTF and their total value by quarter
QuarterHoldersValue
Q2 202631$36.4M
Q1 202631$34.0M
Q4 202533$35.1M
Q3 202528$34.5M
Q2 202528$32.2M
Q1 202526$32.2M
Q4 202430$32.1M
Q3 202430$30.7M
Q2 202432$31.4M
Q1 202428$30.8M
Q4 202326$33.3M
Q3 202331$32.4M
Q2 202330$31.0M
Q1 202330$31.5M
Q4 202229$28.4M
Q3 202226$29.7M
Q2 202233$33.1M
Q1 202230$41.7M
Q4 202133$46.3M
Q3 202127$45.0M
Q2 202128$46.1M
Q1 202128$43.2M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding DTF Tax-Free Income 2028 Term Fund Inc; share changes are against Q3 2025.

Institutions holding DTF in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Sit Investment Associates Inc920,582$10.5M0.21%00.0%Unchanged
Colony Group, LLC480,856$5.49M0.01%+463,604+2,687.2%Added
Almitas Capital LLC350,940$4.01M0.88%00.0%Unchanged
Beverly Hills Private Wealth, LLC334,925$3.82M0.66%+26,327+8.5%Added
Hara Capital LLC288,189$3.29M1.83%+12,898+4.7%Added
Seven Mile Advisory126,477$1.44M0.25%00.0%Unchanged
1607 Capital Partners, LLC95,629$1.09M0.07%−20,000−17.3%Reduced
Morgan Stanley80,712$921.7K0.00%+1,501+1.9%Added
City of London Investment Management Co Ltd71,012$811.0K0.06%00.0%Unchanged
Rivernorth Capital Management, LLC62,411$712.7K0.03%−43,655−41.2%Reduced
Avise Financial Cooperative, Inc.47,027$537.0K0.48%+47,027New
Karpus Management, Inc.21,031$240.2K0.01%+9,496+82.3%Added
Basepoint Wealth LLC19,638$224.3K0.14%+167+0.9%Added
Susquehanna International Group, LLP19,492$222.6K0.00%+805+4.3%Added
Corps Capital Advisors, LLC19,000$217.0K0.22%00.0%Unchanged
Sanctuary Advisors, LLC18,422$210.4K0.00%00.0%Unchanged
LPL Financial LLC17,831$203.6K0.00%+17,831New
CI Private Wealth, LLC17,541$200.3K0.00%−18−0.1%Reduced
Nuveen, LLC16,077$183.6K0.00%00.0%Unchanged
Aptus Capital Advisors, LLC14,545$166.1K0.00%00.0%Unchanged
Savvy Advisors, Inc.14,545$166.1K0.01%+14,545New
Closed-End Fund Advisors, Inc.14,433$164.8K0.10%+14,433New
Melfa Wealth Management, LLC10,939$124.9K0.07%−3,400−23.7%Reduced
Garner Asset Management Corp6,154$70.3K0.03%+6,154New
Centennial Bank1,500$17.1K0.01%00.0%Unchanged
Pinnacle Wealth Planning Services, Inc.1,250$14.3K0.00%+1,250New
WFA of San Diego, LLC1,000$11.4K0.01%00.0%Unchanged
Advisor Group Holdings, Inc.807$9.22K0.00%−1,043−56.4%Reduced
Cedar Wealth Management, LLC732$8.36K0.00%+732New
UBS Group AG597$6.82K0.00%−9,170−93.9%Reduced
Wells Fargo & Company501$5.72K0.00%00.0%Unchanged
Prestige Wealth Management Group LLC400$4.57K0.00%00.0%Unchanged
J.W. Cole Advisors, Inc.13,080$00.00%00.0%Unchanged
Kovitz Investment Group Partners, LLC0$00.00%−466,941−100.0%Sold out
Steward Partners Investment Advisory, LLC0$00.00%−277−100.0%Sold out