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.
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
Top Buyers
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$7.68M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$4.96M |
| 3 |
M&T Bank
Buffalo,
New York
|
+$3.42M |
| 4 |
Morgan Stanley
New York
|
+$2.11M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.05M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BHWM
76
Beaird Harris Wealth Management
Dallas,
Texas
| $47 | – | – | – |
|
|
GC
77
Guggenheim Capital
Chicago,
Illinois
| – | -$10.7M | -701,504 | Closed |
|
|
SFS
78
Shaker Financial Services
Arlington,
Virginia
| – | -$668K | -43,375 | Closed |
|
|
BAM
79
Bayshore Asset Management
Coral Gables,
Florida
| – | -$197K | -12,835 | Closed |
|
|
SP
80
Stonebrook Private
Northville,
Michigan
| – | -$186K | -12,120 | Closed |
|
|
CF
81
Clarity Financial
Houston,
Texas
| – | -$179K | -11,688 | Closed |
|
|
OC
82
Oppenheimer & Co
New York
| – | -$154K | -10,084 | Closed |
|
83
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$154K | -10,021 | Closed |
|
|
FIA
84
FNY Investment Advisers
New York
| – | -$15 | -1,000 | Closed |
|
85
First Manhattan
New York
| – | -$8.24K | -537 | Closed |
|
86
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$6.13K | -400 | Closed |
|
87
JP Morgan Chase
New York
| – | -$153 | -10 | Closed |
|
|
GRP
88
Global Retirement Partners
San Rafael,
California
| – | -$123 | -8 | Closed |
|
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.