Nuveen Taxable Municipal Income Fund
NBB
40 hedge funds and large institutions have $73.5M invested in Nuveen Taxable Municipal Income Fund in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
25% more funds holding
Funds holding: 32 → 40 (+8)
13% more capital invested
Capital invested by funds: $65M → $73.5M (+$8.52M)
2.69% more ownership
Funds ownership: 12.68% → 15.37% (+2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$4.82M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$2.79M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.76M |
| 4 |
Goldman Sachs
New York
|
+$1.72M |
| 5 |
TG
TCW Group
Los Angeles,
California
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.89M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.16M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$655K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$586K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$202K |
NBB Hedge Fund Activity: Q3 2013 in Review
40 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q3 2013, worth a combined $73.5M — up 13% from $65M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NBB positions and 5 closed out — a net gain of 8 holders — while 12 added to existing stakes and 9 trimmed.
The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $4.82M. The largest seller was Morgan Stanley, cutting an estimated $1.89M.
- 40 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q3 2013, up from 32 in Q2 2013.
- Funds reported $73.5M of Nuveen Taxable Municipal Income Fund stock for Q3 2013, up 13% quarter-over-quarter.
- 13 funds opened new Nuveen Taxable Municipal Income Fund positions in Q3 2013 and 5 closed out, a net change of +8 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q3 2013 was Fir Tree Capital Management, an estimated $4.82M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q3 2013 was Morgan Stanley, an estimated $1.89M sold.
Based on aggregated 13F filings for Q3 2013.