Nuveen Taxable Municipal Income Fund
NBB
45 hedge funds and large institutions have $105M invested in Nuveen Taxable Municipal Income Fund in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 19 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
7% more funds holding
Funds holding: 42 → 45 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $109M → $105M (-$4.11M)
1.65% less ownership
Funds ownership: 18.97% → 17.32% (-1.7%)
37% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.98M |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
+$940K |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$804K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
+$622K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$432K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$5.03M |
| 2 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$4.33M |
| 3 |
LPL Financial
San Diego,
California
|
-$2.13M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.73M |
| 5 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$1.55M |
NBB Hedge Fund Activity: Q2 2016 in Review
45 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q2 2016, worth a combined $105M — down 3.8% from $109M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NBB positions and 4 closed out — a net gain of 3 holders — while 12 added to existing stakes and 19 trimmed.
The largest buyer was Wells Fargo, adding an estimated $2.98M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $5.03M sold.
- 45 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q2 2016, up from 42 in Q1 2016.
- Funds reported $105M of Nuveen Taxable Municipal Income Fund stock for Q2 2016, down 3.8% quarter-over-quarter.
- 7 funds opened new Nuveen Taxable Municipal Income Fund positions in Q2 2016 and 4 closed out, a net change of +3 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q2 2016 was Wells Fargo, an estimated $2.98M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q2 2016 was Punch & Associates Investment Management, an estimated $5.03M sold.
Based on aggregated 13F filings for Q2 2016.