Nuveen Taxable Municipal Income Fund
NBB
40 hedge funds and large institutions have $117M invested in Nuveen Taxable Municipal Income Fund in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 10 reducing their positions, and 8 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 10
2% more capital invested
Capital invested by funds: $115M → $117M (+$2.27M)
0.37% more ownership
Funds ownership: 19.82% → 20.18% (+0.37%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 43 → 40 (-3)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3M |
| 2 |
FFA
First Foundation Advisors
Irvine,
California
|
+$2.46M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.11M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$746K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$713K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.57M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.36M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.33M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.15M |
| 5 |
V
Veritable
Wilmington,
Delaware
|
-$1.13M |
NBB Hedge Fund Activity: Q1 2015 in Review
40 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q1 2015, worth a combined $117M — up 2% from $115M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NBB and 6 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 19 added.
The largest buyer was Bank of America, adding an estimated $3M. The largest seller was Morgan Stanley, cutting an estimated $1.57M.
- 40 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q1 2015, down from 43 in Q4 2014.
- Funds reported $117M of Nuveen Taxable Municipal Income Fund stock for Q1 2015, up 2% quarter-over-quarter.
- 6 funds opened new Nuveen Taxable Municipal Income Fund positions in Q1 2015 and 8 closed out, a net change of -2 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q1 2015 was Bank of America, an estimated $3M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q1 2015 was Morgan Stanley, an estimated $1.57M sold.
Based on aggregated 13F filings for Q1 2015.