Nuveen Taxable Municipal Income Fund
NBB
72 hedge funds and large institutions have $207M invested in Nuveen Taxable Municipal Income Fund in 2018 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 30 increasing their positions, 14 reducing their positions, and 9 closing their positions.
156% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 9
114% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 14
47% more capital invested
Capital invested by funds: $141M → $207M (+$65.9M)
24% more funds holding
Funds holding: 58 → 72 (+14)
4.59% more ownership
Funds ownership: 26.63% → 31.22% (+4.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$20.6M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$13.7M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.4M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
+$5.48M |
| 5 |
OA
Oxbow Advisors
Austin,
Texas
|
+$4.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.36M |
| 2 |
DC
Davenport & Co
Richmond,
Virginia
|
-$506K |
| 3 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$433K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$368K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$313K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Walleye Trading
New York
| – | -$225K | -11,241 | Closed |
|
|
NMC
77
Nine Masts Capital
Central,
Hong Kong
| – | -$98K | -4,900 | Closed |
|
|
OFW
78
Omnia Family Wealth
Aventura,
Florida
| – | -$12K | -583 | Closed |
|
|
RCAG
79
Rehmann Capital Advisory Group
Lansing,
Michigan
| – | -$6.94K | -347 | Closed |
|
|
FIA
80
FNY Investment Advisers
New York
| – | -$2K | -135 | Closed |
|
81
Fidelity Investments
Boston,
Massachusetts
| – | +$19 | +1 | New |
|
NBB Hedge Fund Activity: Q4 2018 in Review
72 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q4 2018, worth a combined $207M — up 47% from $141M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new NBB positions and 9 closed out — a net gain of 14 holders — while 30 added to existing stakes and 14 trimmed.
The largest buyer was Tortoise Investment Management, adding an estimated $20.6M. The largest seller was Morgan Stanley, cutting an estimated $2.36M.
- 72 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q4 2018, up from 58 in Q3 2018.
- Funds reported $207M of Nuveen Taxable Municipal Income Fund stock for Q4 2018, up 47% quarter-over-quarter.
- 23 funds opened new Nuveen Taxable Municipal Income Fund positions in Q4 2018 and 9 closed out, a net change of +14 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q4 2018 was Tortoise Investment Management, an estimated $20.6M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q4 2018 was Morgan Stanley, an estimated $2.36M sold.
Based on aggregated 13F filings for Q4 2018.