Nuveen Taxable Municipal Income Fund
NBB
42 hedge funds and large institutions have $109M invested in Nuveen Taxable Municipal Income Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 7 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $113M → $109M (-$4.02M)
2.17% less ownership
Funds ownership: 21.14% → 18.97% (-2.2%)
5% less funds holding
Funds holding: 44 → 42 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
+$6.15M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.34M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.78M |
| 4 |
Morgan Stanley
New York
|
+$1.99M |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$581K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$10.3M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$5M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$4.86M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.11M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.86M |
NBB Hedge Fund Activity: Q1 2016 in Review
42 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q1 2016, worth a combined $109M — down 3.6% from $113M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NBB and 5 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 18 added.
The largest buyer was Van Hulzen Asset Management, opening a new position worth an estimated $6.15M. The largest seller was Tortoise Investment Management, cutting an estimated $10.3M.
- 42 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q1 2016, down from 44 in Q4 2015.
- Funds reported $109M of Nuveen Taxable Municipal Income Fund stock for Q1 2016, down 3.6% quarter-over-quarter.
- 5 funds opened new Nuveen Taxable Municipal Income Fund positions in Q1 2016 and 7 closed out, a net change of -2 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q1 2016 was Van Hulzen Asset Management, an estimated $6.15M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q1 2016 was Tortoise Investment Management, an estimated $10.3M sold.
Based on aggregated 13F filings for Q1 2016.