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Nuveen Taxable Municipal Income Fund
NBB

79 hedge funds and large institutions have $200M invested in Nuveen Taxable Municipal Income Fund in 2025 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 18 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

44% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 18

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

3% less capital invested

Capital invested by funds: $207M → $200M (-$7.11M)

1.78% less ownership

Funds ownership: 44% → 42.22% (-1.8%)

2% less funds holding

Funds holding: 81 → 79 (-2)

Holders
79
Holders Change
-2
Holders Change %
-2.47%
% of All Funds
1.04%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
8
Increased
26
Reduced
18
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$3.65M
2
Morgan Stanley
Morgan Stanley
New York
+$1.64M
3
Raymond James Financial
Raymond James Financial
Florida
+$610K
4
SWP
Sagespring Wealth Partners
Tennessee
+$549K
5
Kovitz Investment Group Partners
Kovitz Investment Group Partners
Illinois
+$521K

Top Sellers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
-$7.02M
2
LSIA
LaSalle St. Investment Advisors
Illinois
-$5.57M
3
SIA
Sit Investment Associates
Minnesota
-$1.75M
4
Calamos Advisors
Calamos Advisors
Illinois
-$512K
5
AWS
Atria Wealth Solutions
New York
-$457K
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$661K +$58.9K +3,814 +10%
BPWM
27
BCS Private Wealth Management
New Jersey
$650K +$631K +40,855 New
OCM
28
Orleans Capital Management
Louisiana
$603K -$44.8K -2,900 -7%
ASN
29
Advisory Services Network
Georgia
$593K – – –
SWP
30
Sagespring Wealth Partners
Tennessee
$562K +$549K +35,507 New
Kovitz Investment Group Partners
31
Kovitz Investment Group Partners
Illinois
$536K +$521K +33,690 New
IA
32
Intellus Advisors
Florida
$524K +$13.5K +873 +3%
Osaic Holdings
33
Osaic Holdings
Arizona
$508K -$7.02M -454,508 -93%
AC
34
Amitell Capital
Singapore
$495K – – –
GC
35
Guggenheim Capital
Illinois
$494K +$92.2K +5,967 +24%
FAG
36
Fortitude Advisory Group
Washington
$474K – – –
CA
37
Cresta Advisors
Texas
$450K – – –
GKWIM
38
Gerber Kawasaki Wealth & Investment Management
California
$415K -$26.9K -1,743 -6%
HKAM
39
Horizon Kinetics Asset Management
New York
$413K -$1.24K -80 -0.3%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$333K +$23.3K +1,507 +8%
HighTower Advisors
41
HighTower Advisors
Illinois
$329K +$726 +47 +0.2%
PVM
42
Palogic Value Management
Texas
$316K – – –
CMMS
43
Comprehensive Money Management Services
Florida
$316K +$7.73K +500 +3%
FWM
44
Focused Wealth Management
New York
$288K +$1.47K +95 +0.5%
IWC
45
Integrated Wealth Concepts
Massachusetts
$285K +$973 +63 +0.4%
GP
46
Gridiron Partners
Pennsylvania
$285K – – –
Stifel Financial
47
Stifel Financial
Missouri
$264K +$7.57K +490 +3%
KPWS
48
Kestra Private Wealth Services
Texas
$260K +$9.53K +617 +4%
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
$255K +$41.3K +2,672 +20%
USCWA
50
U.S. Capital Wealth Advisors
Texas
$255K – – –
1
2
3 4

NBB Hedge Fund Activity: Q2 2025 in Review

79 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q2 2025, worth a combined $200M — down 3.4% from $207M a quarter earlier.

Fund positioning in NBB was balanced in Q2 2025: 8 funds opened new positions, 8 closed out, 26 added to existing stakes and 18 trimmed.

The largest buyer was Wells Fargo, adding an estimated $3.65M. The largest seller was Osaic Holdings, cutting an estimated $7.02M.

  • 79 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q2 2025, down from 81 in Q1 2025.
  • Funds reported $200M of Nuveen Taxable Municipal Income Fund stock for Q2 2025, down 3.4% quarter-over-quarter.
  • 8 funds opened new Nuveen Taxable Municipal Income Fund positions in Q2 2025 and 8 closed out, a net change of 0 holders.
  • The largest Nuveen Taxable Municipal Income Fund buyer in Q2 2025 was Wells Fargo, an estimated $3.65M added.
  • The largest Nuveen Taxable Municipal Income Fund seller in Q2 2025 was Osaic Holdings, an estimated $7.02M sold.

Based on aggregated 13F filings for Q2 2025.