Nuveen Taxable Municipal Income Fund
NBB
38 hedge funds and large institutions have $116M invested in Nuveen Taxable Municipal Income Fund in 2015 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 12 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
17% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 12
2.39% more ownership
Funds ownership: 20.18% → 22.57% (+2.4%)
2% more capital invested
Capital invested by funds: $113M → $116M (+$2.26M)
5% less funds holding
Funds holding: 40 → 38 (-2)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
+$5.71M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$3.11M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.43M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.57M |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$1.97M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.04M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$891K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$411K |
| 5 |
HCM
Hollencrest Capital Management
Newport Beach,
California
|
-$253K |
NBB Hedge Fund Activity: Q2 2015 in Review
38 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q2 2015, worth a combined $116M — up 2% from $113M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NBB and 7 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 14 added.
The largest buyer was Van Hulzen Asset Management, opening a new position worth an estimated $5.71M. The largest seller was Goldman Sachs, exiting entirely with an estimated $1.97M sold.
- 38 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q2 2015, down from 40 in Q1 2015.
- Funds reported $116M of Nuveen Taxable Municipal Income Fund stock for Q2 2015, up 2% quarter-over-quarter.
- 7 funds opened new Nuveen Taxable Municipal Income Fund positions in Q2 2015 and 8 closed out, a net change of -1 holder.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q2 2015 was Van Hulzen Asset Management, an estimated $5.71M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q2 2015 was Goldman Sachs, an estimated $1.97M sold.
Based on aggregated 13F filings for Q2 2015.