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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
62
Holders Change
–
Holders Change %
0%
% of All Funds
1.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
25
Reduced
15
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$2.71M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$2.37M
3
UBS Group
UBS Group
Switzerland
+$1.85M
4
GVAG
Great Valley Advisor Group
Delaware
+$1.34M
5
CBA
Coastal Bridge Advisors
Connecticut
+$1.27M

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$3.48M
2
Morgan Stanley
Morgan Stanley
New York
-$3.24M
3
Wells Fargo
Wells Fargo
California
-$1.3M
4
HKAM
Horizon Kinetics Asset Management
New York
-$646K
5
OA
Oxbow Advisors
Texas
-$624K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$38K – – –
SPIA
52
Steward Partners Investment Advisory
New York
$38K +$12.6K +586 +42%
LC
53
Lindbrook Capital
California
$38K +$43.1K +2,000 New
HNB
54
Huntington National Bank
Ohio
$22K – – –
NFG
55
Next Financial Group
Texas
$21K – – –
OSNBOA
56
Old Second National Bank of Aurora
Illinois
$21K – – –
SIAP
57
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$20K +$23.5K +1,092 New
AIC
58
Ameritas Investment Company
Nebraska
$12K +$13.1K +607 New
TRCT
59
Tower Research Capital (TRC)
New York
$11K +$12.9K +600 New
PAM
60
Panagora Asset Management
Massachusetts
$6K -$1.25K -58 -16%
CT
61
Caldwell Trust
Florida
$5.59K – – –
Northern Trust
62
Northern Trust
Illinois
$2K +$216K +10,000 New
OA
63
Oxbow Advisors
Texas
– -$624K -28,568 Closed
M&T Bank
64
M&T Bank
New York
– -$321K -14,704 Closed
RJT
65
Raymond James Trust
Florida
– -$292K -13,378 Closed
FPS
66
Fieldpoint Private Securities
Connecticut
– -$30K -1,395 Closed
GWM
67
Geneos Wealth Management
Colorado
– -$21K -1,005 Closed
Fifth Third Bancorp
68
Fifth Third Bancorp
Ohio
– -$11K -500 Closed
1 2
3

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.