Nuveen Taxable Municipal Income Fund
NBB
36 hedge funds and large institutions have $109M invested in Nuveen Taxable Municipal Income Fund in 2015 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 5 closing their positions.
1.55% less ownership
Funds ownership: 22.57% → 21.03% (-1.5%)
5% less funds holding
Funds holding: 38 → 36 (-2)
5% less capital invested
Capital invested by funds: $116M → $109M (-$6.26M)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$3.06M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$365K |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$302K |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
+$276K |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$265K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
-$5.43M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.04M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$1M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$808K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$616K |
NBB Hedge Fund Activity: Q3 2015 in Review
36 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q3 2015, worth a combined $109M — down 5.4% from $116M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NBB and 3 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 13 added.
The largest buyer was UBS Group, adding an estimated $3.06M. The largest seller was Van Hulzen Asset Management, exiting entirely with an estimated $5.43M sold.
- 36 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q3 2015, down from 38 in Q2 2015.
- Funds reported $109M of Nuveen Taxable Municipal Income Fund stock for Q3 2015, down 5.4% quarter-over-quarter.
- 3 funds opened new Nuveen Taxable Municipal Income Fund positions in Q3 2015 and 5 closed out, a net change of -2 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q3 2015 was UBS Group, an estimated $3.06M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q3 2015 was Van Hulzen Asset Management, an estimated $5.43M sold.
Based on aggregated 13F filings for Q3 2015.