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Nuveen Taxable Municipal Income Fund
NBB

78 hedge funds and large institutions have $132M invested in Nuveen Taxable Municipal Income Fund in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 28 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

3% more capital invested

Capital invested by funds: $127M → $132M (+$4.23M)

0.18% more ownership

Funds ownership: 27.68% → 27.86% (+0.18%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 79 → 78 (-1)

25% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 28

Holders
78
Holders Change
-1
Holders Change %
-1.27%
% of All Funds
1.24%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
21
Reduced
28
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$5.94M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$3.52M
3
EBWM
Eagle Bluffs Wealth Management
Missouri
+$1.11M
4
Osaic Holdings
Osaic Holdings
Arizona
+$722K
5
SFS
Shaker Financial Services
Virginia
+$569K

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$3.23M
2
Ameriprise
Ameriprise
Minnesota
-$1.63M
3
RJA
Raymond James & Associates
Florida
-$751K
4
USCWA
U.S. Capital Wealth Advisors
Texas
-$580K
5
Bank of America
Bank of America
North Carolina
-$483K
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
26
Cresta Advisors
Texas
$459K +$464K +28,463 New
HighTower Advisors
27
HighTower Advisors
Illinois
$450K -$20.9K -1,280 -4%
AWS
28
Atria Wealth Solutions
New York
$412K -$32.2K -1,978 -7%
VHAM
29
Van Hulzen Asset Management
California
$387K – – –
FAG
30
Fortitude Advisory Group
Washington
$356K – – –
GVAG
31
Great Valley Advisor Group
Delaware
$355K -$78.2K -4,800 -18%
IWC
32
Integrated Wealth Concepts
Massachusetts
$339K +$343K +21,026 New
Envestnet Asset Management
33
Envestnet Asset Management
Illinois
$329K +$101K +6,223 +44%
Bank of Montreal
34
Bank of Montreal
Ontario, Canada
$319K +$311K +19,079 New
CAN
35
Cetera Advisor Networks
California
$318K +$6.11K +375 +2%
SW
36
SVB Wealth
Massachusetts
$295K -$15.2K -933 -5%
SPIA
37
Steward Partners Investment Advisory
New York
$276K +$145K +8,883 +107%
RP
38
Riverbridge Partners
Minnesota
$273K +$18.7K +1,145 +7%
THWM
39
Taylor Hoffman Wealth Management
Virginia
$267K +$16.4K +1,007 +6%
SPC
40
Sigma Planning Corp
Michigan
$260K -$48.9K -3,000 -16%
RW
41
RVW Wealth
California
$253K +$256K +15,700 New
BFG
42
Barber Financial Group
Kansas
$250K +$2.02K +124 +0.8%
Cetera Investment Advisers
43
Cetera Investment Advisers
Illinois
$245K -$14.7K -903 -6%
RCM
44
Rivernorth Capital Management
Florida
$231K -$179K -11,001 -43%
MAM
45
Mystic Asset Management
Rhode Island
$226K – – –
WA
46
Waverly Advisors
Alabama
$213K +$215K +13,185 New
OWA
47
Opal Wealth Advisors
New York
$210K – – –
PVM
48
Palogic Value Management
Texas
$193K – – –
Cambridge Investment Research Advisors
49
Cambridge Investment Research Advisors
Iowa
$190K +$5.41K +332 +3%
GKWIM
50
Gerber Kawasaki Wealth & Investment Management
California
$186K +$188K +11,535 New
1
2
3 4

NBB Hedge Fund Activity: Q1 2023 in Review

78 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q1 2023, worth a combined $132M — up 3.3% from $127M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NBB positions and 9 closed out — a net gain of 2 holders — while 21 added to existing stakes and 28 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $5.94M. The largest seller was LPL Financial, cutting an estimated $3.23M.

  • 78 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q1 2023, down from 79 in Q4 2022.
  • Funds reported $132M of Nuveen Taxable Municipal Income Fund stock for Q1 2023, up 3.3% quarter-over-quarter.
  • 11 funds opened new Nuveen Taxable Municipal Income Fund positions in Q1 2023 and 9 closed out, a net change of +2 holders.
  • The largest Nuveen Taxable Municipal Income Fund buyer in Q1 2023 was Sit Investment Associates, an estimated $5.94M added.
  • The largest Nuveen Taxable Municipal Income Fund seller in Q1 2023 was LPL Financial, an estimated $3.23M sold.

Based on aggregated 13F filings for Q1 2023.