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Nuveen Taxable Municipal Income Fund
NBB

37 hedge funds and large institutions have $111M invested in Nuveen Taxable Municipal Income Fund in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 21 increasing their positions, 7 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 7

0.05% more ownership

Funds ownership: 19.94% → 19.99% (+0.05%)

0% less capital invested

Capital invested by funds: $111M → $111M (-$101K)

8% less funds holding

Funds holding: 40 → 37 (-3)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

Holders
37
Holders Change
-3
Holders Change %
-7.5%
% of All Funds
1.07%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
2
Increased
21
Reduced
7
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.8M
2
Morgan Stanley
Morgan Stanley
New York
+$1.53M
3
TIM
Tortoise Investment Management
New York
+$1.01M
4
UR
USCA RIA
Texas
+$981K
5
Bank of America
Bank of America
North Carolina
+$481K

Top Sellers

Rank Fund Capital Flow
1
VHAM
Van Hulzen Asset Management
California
-$3.3M
2
RJA
Raymond James & Associates
Florida
-$1.64M
3
LPL Financial
LPL Financial
California
-$901K
4
U
UBS
Switzerland
-$544K
5
DA
Doliver Advisors
Texas
-$487K
Name Holding Trade Value Shares
Change 		Change in
Stake
B
26
Baird
Wisconsin
$569K +$3.27K +160 +0.6%
HCM
27
Hollencrest Capital Management
California
$299K – – –
CWM
28
Cabot Wealth Management
Massachusetts
$289K – – –
DC
29
Davenport & Co
Virginia
$252K +$18.4K +900 +8%
UAS
30
United Asset Strategies
New York
$204K – – –
TJHA
31
Thomas J. Herzfeld Advisors
Florida
$184K +$245 +12 +0.1%
WAM
32
Wolverine Asset Management
Illinois
$45K -$44.9K -2,199 -50%
Citigroup
33
Citigroup
New York
$24K +$23.5K +1,152 +3,032%
NES
34
New England Securities
New York
$20K – – –
TWA
35
TCI Wealth Advisors
Arizona
$11K -$5.11K -250 -32%
US Bancorp
36
US Bancorp
Minnesota
$8K – – –
Creative Planning
37
Creative Planning
Kansas
$8K +$8.17K +400 New
VHAM
38
Van Hulzen Asset Management
California
– -$3.3M -161,170 Closed
DA
39
Doliver Advisors
Texas
– -$487K -23,732 Closed
FAAS
40
First Allied Advisory Services
California
– -$295K -14,400 Closed
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
– -$41K -2,000 Closed
LTFS
42
Ladenburg Thalmann Financial Services
Florida
– -$6K -317 Closed
1
2

NBB Hedge Fund Activity: Q3 2014 in Review

37 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q3 2014, worth a combined $111M — down 0.09% from $111M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of NBB and 2 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 21 added.

The largest buyer was Sit Investment Associates, adding an estimated $1.8M. The largest seller was Van Hulzen Asset Management, exiting entirely with an estimated $3.3M sold.

  • 37 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q3 2014, down from 40 in Q2 2014.
  • Funds reported $111M of Nuveen Taxable Municipal Income Fund stock for Q3 2014, down 0.09% quarter-over-quarter.
  • 2 funds opened new Nuveen Taxable Municipal Income Fund positions in Q3 2014 and 5 closed out, a net change of -3 holders.
  • The largest Nuveen Taxable Municipal Income Fund buyer in Q3 2014 was Sit Investment Associates, an estimated $1.8M added.
  • The largest Nuveen Taxable Municipal Income Fund seller in Q3 2014 was Van Hulzen Asset Management, an estimated $3.3M sold.

Based on aggregated 13F filings for Q3 2014.