Nuveen Taxable Municipal Income Fund
NBB
33 hedge funds and large institutions have $81.8M invested in Nuveen Taxable Municipal Income Fund in 2013 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 7 reducing their positions, and 11 closing their positions.
157% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 7
11% more capital invested
Capital invested by funds: $73.5M → $81.8M (+$8.29M)
1.39% more ownership
Funds ownership: 15.37% → 16.76% (+1.4%)
18% less funds holding
Funds holding: 40 → 33 (-7)
64% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$8.78M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.85M |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
+$1.83M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$916K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$4.72M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$2.59M |
| 3 |
V
Veritable
Wilmington,
Delaware
|
-$1.7M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$771K |
| 5 |
PNC
Park National Corp
Newark,
Ohio
|
-$407K |
NBB Hedge Fund Activity: Q4 2013 in Review
33 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q4 2013, worth a combined $81.8M — up 11% from $73.5M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NBB and 4 opened new positions — a net loss of 7 holders — while 7 trimmed existing stakes and 18 added.
The largest buyer was Tortoise Investment Management, adding an estimated $8.78M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $4.72M sold.
- 33 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q4 2013, down from 40 in Q3 2013.
- Funds reported $81.8M of Nuveen Taxable Municipal Income Fund stock for Q4 2013, up 11% quarter-over-quarter.
- 4 funds opened new Nuveen Taxable Municipal Income Fund positions in Q4 2013 and 11 closed out, a net change of -7 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q4 2013 was Tortoise Investment Management, an estimated $8.78M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q4 2013 was Fir Tree Capital Management, an estimated $4.72M sold.
Based on aggregated 13F filings for Q4 2013.