Nuveen Taxable Municipal Income Fund
NBB
43 hedge funds and large institutions have $111M invested in Nuveen Taxable Municipal Income Fund in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 3 closing their positions.
233% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 3
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
16% more funds holding
Funds holding: 37 → 43 (+6)
3% more capital invested
Capital invested by funds: $108M → $111M (+$3.23M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.18% less ownership
Funds ownership: 19.99% → 19.82% (-0.18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NPC
National Planning Corporation
El Segundo,
California
|
+$1.51M |
| 2 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.12M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$711K |
| 4 |
UR
USCA RIA
Houston,
Texas
|
+$665K |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
+$580K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.77M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.64M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$841K |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
-$398K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$157K |
NBB Hedge Fund Activity: Q4 2014 in Review
43 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q4 2014, worth a combined $111M — up 3% from $108M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NBB positions and 3 closed out — a net gain of 7 holders — while 16 added to existing stakes and 11 trimmed.
The largest buyer was National Planning Corporation, adding an estimated $1.51M. The largest seller was Sit Investment Associates, cutting an estimated $5.77M.
- 43 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q4 2014, up from 37 in Q3 2014.
- Funds reported $111M of Nuveen Taxable Municipal Income Fund stock for Q4 2014, up 3% quarter-over-quarter.
- 10 funds opened new Nuveen Taxable Municipal Income Fund positions in Q4 2014 and 3 closed out, a net change of +7 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q4 2014 was National Planning Corporation, an estimated $1.51M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q4 2014 was Sit Investment Associates, an estimated $5.77M sold.
Based on aggregated 13F filings for Q4 2014.