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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
MFA
51
Mayflower Financial Advisors
Massachusetts
$185K – – –
CHJWM
52
Carlton Hofferkamp & Jenks Wealth Management
Texas
$185K – – –
Susquehanna International Group
53
Susquehanna International Group
Pennsylvania
$182K -$54.7K -3,358 -23%
CWP
54
Cyndeo Wealth Partners
Florida
$179K – – –
FMTCOCP
55
Farmers & Merchants Trust Co of Chambersburg PA
Pennsylvania
$171K -$179K -11,000 -51%
BAM
56
Belpointe Asset Management
Nevada
$147K -$13.8K -846 -8%
Northwestern Mutual Wealth Management
57
Northwestern Mutual Wealth Management
Wisconsin
$59.2K +$1.63K +100 +3%
PTC
58
Private Trust Company
Ohio
$45.1K – – –
FWM
59
Focused Wealth Management
New York
$39.4K – – –
PFPT
60
Pinnacle Financial Partners (Tennessee)
Tennessee
$39.2K – – –
EC
61
Elequin Capital
New York
$35.5K -$128K -7,841 -78%
TIM
62
Tortoise Investment Management
New York
$35.3K +$10.3K +630 +40%
PNC Financial Services Group
63
PNC Financial Services Group
Pennsylvania
$32.2K – – –
AAS
64
Ameritas Advisory Services
Nebraska
$27.1K +$27.4K +1,679 New
CSPIA
65
Cary Street Partners Investment Advisory
Virginia
$26.6K – – –
MRCM
66
M&R Capital Management
New Jersey
$24.2K -$16.3K -1,000 -40%
OIA
67
Optimum Investment Advisors
Illinois
$20.7K -$17.5K -1,073 -45%
SS
68
Sunbelt Securities
Texas
$19.1K +$19.5K +1,197 New
HNB
69
Huntington National Bank
Ohio
$18.1K – – –
FIA
70
FNY Investment Advisers
New York
$16K +$16.3K +1,000 New
First Manhattan
71
First Manhattan
New York
$13K +$4.38K +269 +50%
NA
72
NewEdge Advisors
Louisiana
$10.3K +$98 +6 +0.9%
HI
73
Harbour Investments
Wisconsin
$8.06K – – –
HCM
74
Highlander Capital Management
New Jersey
$8K – – –
CT
75
Caldwell Trust
Florida
$4.71K – – –
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.