Nuveen Taxable Municipal Income Fund
NBB
40 hedge funds and large institutions have $108M invested in Nuveen Taxable Municipal Income Fund in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 9 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
17% more capital invested
Capital invested by funds: $92.1M → $108M (+$16M)
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
2.19% more ownership
Funds ownership: 17.75% → 19.94% (+2.2%)
2% less funds holding
Funds holding: 41 → 40 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.53M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$5.02M |
| 3 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
+$3.23M |
| 4 |
Morgan Stanley
New York
|
+$1.64M |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.26M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$2.25M |
| 3 |
TG
TCW Group
Los Angeles,
California
|
-$1.82M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$384K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$212K |
NBB Hedge Fund Activity: Q2 2014 in Review
40 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q2 2014, worth a combined $108M — up 17% from $92.1M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NBB and 8 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 14 added.
The largest buyer was Sit Investment Associates, adding an estimated $5.53M. The largest seller was Raymond James & Associates, cutting an estimated $2.26M.
- 40 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q2 2014, down from 41 in Q1 2014.
- Funds reported $108M of Nuveen Taxable Municipal Income Fund stock for Q2 2014, up 17% quarter-over-quarter.
- 8 funds opened new Nuveen Taxable Municipal Income Fund positions in Q2 2014 and 9 closed out, a net change of -1 holder.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q2 2014 was Sit Investment Associates, an estimated $5.53M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q2 2014 was Raymond James & Associates, an estimated $2.26M sold.
Based on aggregated 13F filings for Q2 2014.