Nuveen Taxable Municipal Income Fund
NBB
61 hedge funds and large institutions have $133M invested in Nuveen Taxable Municipal Income Fund in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 23 reducing their positions, and 17 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
12.22% less ownership
Funds ownership: 31.22% → 19% (-12%)
15% less funds holding
Funds holding: 72 → 61 (-11)
17% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 23
36% less capital invested
Capital invested by funds: $207M → $133M (-$73.5M)
53% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CBA
Coastal Bridge Advisors
Westport,
Connecticut
|
+$1.89M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.55M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.47M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$910K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$688K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$20.3M |
| 2 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$17.7M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$10.9M |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
-$7.32M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
76
Next Financial Group
Houston,
Texas
| – | -$21K | -1,105 | Closed |
|
|
PA
77
Parallel Advisors
San Francisco,
California
| – | -$16K | -876 | Closed |
|
78
Rockefeller Capital Management
New York
| – | +$100 | +5 | New |
|
NBB Hedge Fund Activity: Q1 2019 in Review
61 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q1 2019, worth a combined $133M — down 36% from $207M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of NBB and 8 opened new positions — a net loss of 9 holders — while 23 trimmed existing stakes and 19 added.
The largest buyer was Coastal Bridge Advisors, adding an estimated $1.89M. The largest seller was Janus Henderson Group, exiting entirely with an estimated $20.3M sold.
- 61 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q1 2019, down from 72 in Q4 2018.
- Funds reported $133M of Nuveen Taxable Municipal Income Fund stock for Q1 2019, down 36% quarter-over-quarter.
- 8 funds opened new Nuveen Taxable Municipal Income Fund positions in Q1 2019 and 17 closed out, a net change of -9 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q1 2019 was Coastal Bridge Advisors, an estimated $1.89M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q1 2019 was Janus Henderson Group, an estimated $20.3M sold.
Based on aggregated 13F filings for Q1 2019.