Nuveen Taxable Municipal Income Fund
NBB
41 hedge funds and large institutions have $95.5M invested in Nuveen Taxable Municipal Income Fund in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 9 reducing their positions, and 4 closing their positions.
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
56% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 9
24% more funds holding
Funds holding: 33 → 41 (+8)
13% more capital invested
Capital invested by funds: $84.6M → $95.5M (+$10.9M)
0.99% more ownership
Funds ownership: 16.76% → 17.75% (+0.99%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OHA
Oak Hill Advisors
New York
|
+$2.96M |
| 2 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.97M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.15M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$667K |
| 5 |
UAS
United Asset Strategies
Garden City,
New York
|
+$384K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.97M |
| 2 |
PNC
Park National Corp
Newark,
Ohio
|
-$941K |
| 3 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
-$216K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$144K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$98.6K |
NBB Hedge Fund Activity: Q1 2014 in Review
41 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q1 2014, worth a combined $95.5M — up 13% from $84.6M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NBB positions and 4 closed out — a net gain of 8 holders — while 14 added to existing stakes and 9 trimmed.
The largest buyer was Oak Hill Advisors, opening a new position worth an estimated $2.96M. The largest seller was Bank of America, cutting an estimated $2.97M.
- 41 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q1 2014, up from 33 in Q4 2013.
- Funds reported $95.5M of Nuveen Taxable Municipal Income Fund stock for Q1 2014, up 13% quarter-over-quarter.
- 12 funds opened new Nuveen Taxable Municipal Income Fund positions in Q1 2014 and 4 closed out, a net change of +8 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q1 2014 was Oak Hill Advisors, an estimated $2.96M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q1 2014 was Bank of America, an estimated $2.97M sold.
Based on aggregated 13F filings for Q1 2014.