Nuveen Taxable Municipal Income Fund
NBB
58 hedge funds and large institutions have $141M invested in Nuveen Taxable Municipal Income Fund in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 26 increasing their positions, 15 reducing their positions, and 10 closing their positions.
73% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 15
0.18% less ownership
Funds ownership: 26.81% → 26.63% (-0.18%)
4% less capital invested
Capital invested by funds: $147M → $141M (-$5.8M)
9% less funds holding
Funds holding: 64 → 58 (-6)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$5.86M |
| 2 |
Morgan Stanley
New York
|
+$3.43M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.26M |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$529K |
| 5 |
HK
Horizon Kinetics
New York
|
+$246K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.67M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.19M |
| 4 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$920K |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$874K |
NBB Hedge Fund Activity: Q3 2018 in Review
58 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q3 2018, worth a combined $141M — down 4% from $147M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NBB and 5 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 26 added.
The largest buyer was Icon Advisers, adding an estimated $5.86M. The largest seller was Sit Investment Associates, cutting an estimated $5.6M.
- 58 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q3 2018, down from 64 in Q2 2018.
- Funds reported $141M of Nuveen Taxable Municipal Income Fund stock for Q3 2018, down 4% quarter-over-quarter.
- 5 funds opened new Nuveen Taxable Municipal Income Fund positions in Q3 2018 and 10 closed out, a net change of -5 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q3 2018 was Icon Advisers, an estimated $5.86M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q3 2018 was Sit Investment Associates, an estimated $5.6M sold.
Based on aggregated 13F filings for Q3 2018.