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Nuveen Taxable Municipal Income Fund
NBB

52 hedge funds and large institutions have $123M invested in Nuveen Taxable Municipal Income Fund in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 10

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

11% more funds holding

Funds holding: 47 → 52 (+5)

8% more capital invested

Capital invested by funds: $113M → $123M (+$9.52M)

1.26% more ownership

Funds ownership: 20.29% → 21.55% (+1.3%)

Holders
52
Holders Change
+5
Holders Change %
+10.64%
% of All Funds
1.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
18
Reduced
10
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$3.37M
2
PAIM
Punch & Associates Investment Management
Minnesota
+$2.98M
3
Morgan Stanley
Morgan Stanley
New York
+$1.5M
4
TIM
Tortoise Investment Management
New York
+$1.29M
5
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$1.25M

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$4.64M
2
Wells Fargo
Wells Fargo
California
-$831K
3
NPC
National Planning Corporation
California
-$782K
4
DA
Doliver Advisors
Texas
-$773K
5
FFA
First Foundation Advisors
California
-$685K
Name Holding Trade Value Shares
Change 		Change in
Stake
YP
26
Yellowstone Partners
Idaho
$469K +$468K +21,853 New
DC
27
Davenport & Co
Virginia
$442K +$118K +5,500 +37%
VHAM
28
Van Hulzen Asset Management
California
$424K +$423K +19,750 New
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$356K +$355K +16,587 New
WS
30
Wedbush Securities
California
$313K -$45K -2,100 -13%
BTS
31
BB&T Securities
Virginia
$307K -$6.24K -291 -2%
IA
32
IFP Advisors
Florida
$307K +$9.64K +450 +3%
Stifel Financial
33
Stifel Financial
Missouri
$297K +$297K +13,863 New
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$273K +$12.9K +600 +5%
JMPWA
35
JP Morgan Private Wealth Advisors
California
$268K +$267K +12,467 New
BFG
36
Barber Financial Group
Kansas
$261K +$1.11K +52 +0.4%
IA
37
Icon Advisers
Colorado
$249K +$249K +11,599 New
RJFSA
38
Raymond James Financial Services Advisors
Florida
$235K +$25.7K +1,197 +12%
Truist Financial
39
Truist Financial
North Carolina
$225K +$224K +10,458 New
GFPC
40
Global Financial Private Capital
Florida
$218K +$217K +10,141 New
VF
41
Virtu Financial
New York
$216K +$216K +10,077 New
NEPWA
42
New England Private Wealth Advisors
Massachusetts
$215K – – –
EWM
43
Evercore Wealth Management
New York
$88K +$88K +4,104 New
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$64K -$5.57K -260 -8%
AG
45
Advisor Group
Arizona
$60K – – –
Manulife (Manufacturers Life Insurance)
46
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$54K – – –
GWM
47
Geneos Wealth Management
Colorado
$43K – – –
FWM
48
Focused Wealth Management
New York
$32K +$32.1K +1,500 New
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$28K – – –
HNB
50
Huntington National Bank
Ohio
$24K – – –
1
2
3

NBB Hedge Fund Activity: Q3 2017 in Review

52 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q3 2017, worth a combined $123M — up 8.4% from $113M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NBB positions and 7 closed out — a net gain of 5 holders — while 18 added to existing stakes and 10 trimmed.

The largest buyer was Bank of America, adding an estimated $3.37M. The largest seller was Ameriprise, cutting an estimated $4.64M.

  • 52 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q3 2017, up from 47 in Q2 2017.
  • Funds reported $123M of Nuveen Taxable Municipal Income Fund stock for Q3 2017, up 8.4% quarter-over-quarter.
  • 12 funds opened new Nuveen Taxable Municipal Income Fund positions in Q3 2017 and 7 closed out, a net change of +5 holders.
  • The largest Nuveen Taxable Municipal Income Fund buyer in Q3 2017 was Bank of America, an estimated $3.37M added.
  • The largest Nuveen Taxable Municipal Income Fund seller in Q3 2017 was Ameriprise, an estimated $4.64M sold.

Based on aggregated 13F filings for Q3 2017.