Nuveen Taxable Municipal Income Fund
NBB
37 hedge funds and large institutions have $111M invested in Nuveen Taxable Municipal Income Fund in 2014 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 21 increasing their positions, 7 reducing their positions, and 5 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 7
0.05% more ownership
Funds ownership: 19.94% → 19.99% (+0.05%)
0% less capital invested
Capital invested by funds: $111M → $111M (-$101K)
8% less funds holding
Funds holding: 40 → 37 (-3)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.8M |
| 2 |
Morgan Stanley
New York
|
+$1.53M |
| 3 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.01M |
| 4 |
UR
USCA RIA
Houston,
Texas
|
+$981K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$481K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
-$3.3M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.64M |
| 3 |
LPL Financial
San Diego,
California
|
-$901K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$544K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$487K |
NBB Hedge Fund Activity: Q3 2014 in Review
37 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q3 2014, worth a combined $111M — down 0.09% from $111M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NBB and 2 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 21 added.
The largest buyer was Sit Investment Associates, adding an estimated $1.8M. The largest seller was Van Hulzen Asset Management, exiting entirely with an estimated $3.3M sold.
- 37 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q3 2014, down from 40 in Q2 2014.
- Funds reported $111M of Nuveen Taxable Municipal Income Fund stock for Q3 2014, down 0.09% quarter-over-quarter.
- 2 funds opened new Nuveen Taxable Municipal Income Fund positions in Q3 2014 and 5 closed out, a net change of -3 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q3 2014 was Sit Investment Associates, an estimated $1.8M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q3 2014 was Van Hulzen Asset Management, an estimated $3.3M sold.
Based on aggregated 13F filings for Q3 2014.