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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.37M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$2.98M |
| 3 |
Morgan Stanley
New York
|
+$1.5M |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.29M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.64M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$831K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
-$782K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$773K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
-$685K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OSNBOA
51
Old Second National Bank of Aurora
Aurora,
Illinois
| $23K | – | – | – |
|
|
PFGIA
52
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| $21K | – | – | – |
|
53
Fifth Third Bancorp
Cincinnati,
Ohio
| $11K | – | – | – |
|
|
PCM
54
Penserra Capital Management
Orinda,
California
| $7K | -$1.33K | -62 | -15% |
|
55
SG Americas Securities
New York
| – | -$484K | -23,062 | Closed |
|
|
ACI
56
Alpha Cubed Investments
Irvine,
California
| – | -$334K | -15,922 | Closed |
|
57
Millennium Management
New York
| – | -$253K | -12,040 | Closed |
|
|
BL
58
Balentine LLC
Atlanta,
Georgia
| – | -$67.9K | -3,167 | Closed |
|
59
Creative Planning
Overland Park,
Kansas
| – | -$8K | -400 | Closed |
|
|
DADC
60
D.A. Davidson & Co
Great Falls,
Montana
| – | -$8K | -391 | Closed |
|
|
CCM
61
Cribstone Capital Management
Augusta,
Maine
| – | -$5K | -250 | Closed |
|
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.