Nuveen New York Quality Municipal Income Fund
NAN
33 hedge funds and large institutions have $37.8M invested in Nuveen New York Quality Municipal Income Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 6 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.44% less ownership
Funds ownership: 9.4% → 8.96% (-0.44%)
7% less capital invested
Capital invested by funds: $40.7M → $37.8M (-$2.92M)
11% less funds holding
Funds holding: 37 → 33 (-4)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$647K |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$625K |
| 3 |
Morgan Stanley
New York
|
+$587K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$467K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$399K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$2.64M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$526K |
| 3 |
Squarepoint
New York
|
-$250K |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$202K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$200K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Lazard Asset Management
New York
| $47K | – | – | – |
|
|
FWM
27
Focused Wealth Management
Newburgh,
New York
| $35K | – | – | – |
|
|
CHC
28
City Holding Co
Charleston,
West Virginia
| $28K | – | – | – |
|
|
AG
29
Advisor Group
Phoenix,
Arizona
| $25K | – | – | – |
|
30
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $23K | – | – | – |
|
31
Citigroup
New York
| $20K | -$1.4K | -103 | -7% |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| $20K | +$3.14K | +231 | +18% |
|
|
SPIA
33
Steward Partners Investment Advisory
New York
| $7K | +$7.45K | +548 | New |
|
34
SEI Investments
Oaks,
Pennsylvania
| $6K | – | – | – |
|
|
35
Squarepoint
New York
| – | -$250K | -18,600 | Closed |
|
|
VKH
36
Virtu KCG Holdings
New York
| – | -$202K | -15,067 | Closed |
|
|
WAM
37
Weiss Asset Management
Boston,
Massachusetts
| – | -$200K | -14,918 | Closed |
|
38
HighTower Advisors
Chicago,
Illinois
| – | -$158K | -11,844 | Closed |
|
39
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$140K | -10,435 | Closed |
|
40
SG Americas Securities
New York
| – | -$110K | -8,231 | Closed |
|
NAN Hedge Fund Activity: Q1 2017 in Review
33 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Nuveen New York Quality Municipal Income Fund (NAN) for Q1 2017, worth a combined $37.8M — down 7.2% from $40.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NAN and 3 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 12 added.
The largest buyer was MML Investors Services, opening a new position worth an estimated $647K. The largest seller was Tortoise Investment Management, cutting an estimated $2.64M.
- 33 institutional investors held Nuveen New York Quality Municipal Income Fund (NAN) as of Q1 2017, down from 37 in Q4 2016.
- Funds reported $37.8M of Nuveen New York Quality Municipal Income Fund stock for Q1 2017, down 7.2% quarter-over-quarter.
- 3 funds opened new Nuveen New York Quality Municipal Income Fund positions in Q1 2017 and 6 closed out, a net change of -3 holders.
- The largest Nuveen New York Quality Municipal Income Fund buyer in Q1 2017 was MML Investors Services, an estimated $647K added.
- The largest Nuveen New York Quality Municipal Income Fund seller in Q1 2017 was Tortoise Investment Management, an estimated $2.64M sold.
Based on aggregated 13F filings for Q1 2017.