Nuveen Taxable Municipal Income Fund
NBB
48 hedge funds and large institutions have $112M invested in Nuveen Taxable Municipal Income Fund in 2017 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 11 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
6% more capital invested
Capital invested by funds: $106M → $112M (+$6.22M)
0.89% more ownership
Funds ownership: 19.24% → 20.13% (+0.89%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 52 → 48 (-4)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.73M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$4.88M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.23M |
| 4 |
HK
Horizon Kinetics
New York
|
+$855K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$745K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
-$6.13M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$2.23M |
| 3 |
Morgan Stanley
New York
|
-$2.17M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$1.9M |
| 5 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
-$939K |
NBB Hedge Fund Activity: Q1 2017 in Review
48 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Nuveen Taxable Municipal Income Fund (NBB) for Q1 2017, worth a combined $112M — up 5.9% from $106M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NBB and 8 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 15 added.
The largest buyer was Ameriprise, opening a new position worth an estimated $6.73M. The largest seller was Van Hulzen Asset Management, exiting entirely with an estimated $6.13M sold.
- 48 institutional investors held Nuveen Taxable Municipal Income Fund (NBB) as of Q1 2017, down from 52 in Q4 2016.
- Funds reported $112M of Nuveen Taxable Municipal Income Fund stock for Q1 2017, up 5.9% quarter-over-quarter.
- 8 funds opened new Nuveen Taxable Municipal Income Fund positions in Q1 2017 and 11 closed out, a net change of -3 holders.
- The largest Nuveen Taxable Municipal Income Fund buyer in Q1 2017 was Ameriprise, an estimated $6.73M added.
- The largest Nuveen Taxable Municipal Income Fund seller in Q1 2017 was Van Hulzen Asset Management, an estimated $6.13M sold.
Based on aggregated 13F filings for Q1 2017.