Nuveen Taxable Municipal Income Fund
NBB
62 hedge funds and large institutions have $127M invested in Nuveen Taxable Municipal Income Fund in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 7 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 15
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
5.37% more ownership
Funds ownership: 18.79% → 24.16% (+5.4%)
0% more funds holding
Funds holding: 62 → 62 (0)
9% less capital invested
Capital invested by funds: $140M → $127M (-$13.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.71M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.37M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.85M |
| 4 |
GVAG
Great Valley Advisor Group
Wilmington,
Delaware
|
+$1.34M |
| 5 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$1.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.48M |
| 2 |
Morgan Stanley
New York
|
-$3.24M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.3M |
| 4 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$646K |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
-$624K |
NBB Hedge Fund Activity: Q1 2020 in Review
62 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q1 2020, worth a combined $127M — down 9.4% from $140M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NBB positions and 7 closed out — a net gain of 3 holders — while 25 added to existing stakes and 15 trimmed.
The largest buyer was Raymond James & Associates, adding an estimated $2.71M. The largest seller was Sit Investment Associates, cutting an estimated $3.48M.
- 62 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $127M of Nuveen Taxable Municipal Income Fund stock for Q1 2020, down 9.4% quarter-over-quarter.
- 10 funds opened new Nuveen Taxable Municipal Income Fund positions in Q1 2020 and 7 closed out, a net change of +3 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q1 2020 was Raymond James & Associates, an estimated $2.71M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q1 2020 was Sit Investment Associates, an estimated $3.48M sold.
Based on aggregated 13F filings for Q1 2020.