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Nuveen Taxable Municipal Income Fund
NBB

75 hedge funds and large institutions have $194M invested in Nuveen Taxable Municipal Income Fund in 2024 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 33 increasing their positions, 12 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 12

7% more capital invested

Capital invested by funds: $182M → $194M (+$12.9M)

2.32% more ownership

Funds ownership: 40.32% → 42.64% (+2.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

10% less funds holding

Funds holding: 83 → 75 (-8)

50% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 12

Holders
75
Holders Change
-8
Holders Change %
-9.64%
% of All Funds
1.08%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
6
Increased
33
Reduced
12
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIA
Sit Investment Associates
Minnesota
+$7.68M
2
MSL
Mackay Shields LLC
New York
+$4.96M
3
M&T Bank
M&T Bank
New York
+$3.42M
4
Morgan Stanley
Morgan Stanley
New York
+$2.11M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.05M

Top Sellers

1
GC
Guggenheim Capital
Illinois
-$10.7M
2
SWP
Stratos Wealth Partners
Ohio
-$2.65M
3
SFS
Shaker Financial Services
Virginia
-$668K
4
UBS Group
UBS Group
Switzerland
-$509K
5
RJA
Raymond James & Associates
Florida
-$413K
Name Holding Trade Value Shares
Change 		Change in
Stake
ICMP
51
Integrated Capital Management (Pennsylvania)
Pennsylvania
$210K +$33.2K +2,209 +19%
WA
52
Waverly Advisors
Alabama
$204K – – –
VHAM
53
Van Hulzen Asset Management
California
$188K – – –
THWM
54
Taylor Hoffman Wealth Management
Virginia
$174K – – –
MAM
55
Mystic Asset Management
Rhode Island
$167K – – –
MFA
56
Mayflower Financial Advisors
Massachusetts
$163K – – –
OWA
57
Opal Wealth Advisors
New York
$106K -$87K -5,796 -46%
FFA
58
Farther Finance Advisors
California
$104K +$165 +11 +0.2%
Comerica Bank
59
Comerica Bank
Texas
$101K +$15.4K +1,024 +19%
CJ
60
Caitlin John
Michigan
$100K +$97.2K +6,471 New
IAIM
61
International Assets Investment Management
Florida
$94.9K +$91.9K +6,121 New
Northwestern Mutual Wealth Management
62
Northwestern Mutual Wealth Management
Wisconsin
$55.4K – – –
PTC
63
Private Trust Company
Ohio
$43.4K – – –
TIM
64
Tortoise Investment Management
New York
$41.4K -$19.5K -1,300 -33%
NS
65
NBC Securities
Alabama
$23K – – –
PFPT
66
Pinnacle Financial Partners (Tennessee)
Tennessee
$19.8K – – –
HNB
67
Huntington National Bank
Ohio
$17.4K – – –
PS
68
Principal Securities
Iowa
$17.4K – – –
HPC
69
HM Payson & Co
Maine
$16.3K +$15.8K +1,050 New
SPIA
70
Steward Partners Investment Advisory
New York
$10.9K – – –
GJIA
71
Glass Jacobson Investment Advisors
Maryland
$10.1K – – –
CA
72
CoreCap Advisors
Michigan
$9.31K – – –
MIA
73
MeadowBrook Investment Advisors
Michigan
$9.28K – – –
HI
74
Harbour Investments
Wisconsin
$7.75K – – –
CT
75
Caldwell Trust
Florida
$4.53K – – –
1 2
3
4

NBB Hedge Fund Activity: Q2 2024 in Review

75 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q2 2024, worth a combined $194M — up 7.1% from $182M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of NBB and 6 opened new positions — a net loss of 6 holders — while 12 trimmed existing stakes and 33 added.

The largest buyer was Sit Investment Associates, adding an estimated $7.68M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $10.7M sold.

  • 75 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q2 2024, down from 83 in Q1 2024.
  • Funds reported $194M of Nuveen Taxable Municipal Income Fund stock for Q2 2024, up 7.1% quarter-over-quarter.
  • 6 funds opened new Nuveen Taxable Municipal Income Fund positions in Q2 2024 and 12 closed out, a net change of -6 holders.
  • The largest Nuveen Taxable Municipal Income Fund buyer in Q2 2024 was Sit Investment Associates, an estimated $7.68M added.
  • The largest Nuveen Taxable Municipal Income Fund seller in Q2 2024 was Guggenheim Capital, an estimated $10.7M sold.

Based on aggregated 13F filings for Q2 2024.